Software

Gain a 360-degree view of third-party risk by using our SaaS software to centralize, track, automate, assess and report on your vendors. 

Managed Services

Let us handle the manual labor of third-party risk management by collaborating with our experts to reduce the workload and mature your program. 

Overview
Document Collection
Policy/Program Template/Consulting
Virtual Vendor Management Office
Vendor Site Audit

Ongoing Monitoring

Let us handle the manual labor of third-party risk management by collaborating with our experts.

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Venminder Exchange

As Venminder completes assessments for clients on new vendors, they are then made available inside the Venminder Exchange for you to preview scores and purchase as you need.

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Use Cases

Learn more on how customers are using Venminder to transform their third-party risk management programs. 

Industries

Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes

Why Venminder

We focus on the needs of our customers by working closely and creating a collaborative partnership

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Sample Vendor Risk Assessments

Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.

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Resources

Trends, best practices and insights to keep you current in your knowledge of third-party risk.

Webinars

Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.  

See Upcoming Webinars

On-Demand Webinars

 

Community

Join a free community dedicated to third-party risk professionals where you can network with your peers. 

Weekly Newsletter

Receive the popular Third Party Thursday newsletter into your inbox every Thursday with the latest and greatest updates.

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Venminder Samples

Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload. 

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State of Third-Party Risk Management 2023!

Venminder's seventh annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.

DOWNLOAD NOW

Live Webinar

The Difference Between Inherent and Residual Vendor Risk

Tuesday, September 17, 2024 | 11am ET | 1 Hour

CPE Credit Eligible

Vendor risks are always present, and you can never completely eliminate them, but it’s possible to reduce the likelihood, occurrence, severity, and impact of those risks through solid risk management practices and controls. Inherent risk is the level of risk present in any vendor engagement before any controls are put in place, while residual risk is the risk that remains after mitigation efforts are made and controls have been verified. It’s true that you can’t have inherent risk without the residual risk; however, they each serve a distinct purpose. 

Join us for this session where we’ll discuss what inherent and residual risks are, how to determine them, and how they are applied in third-party risk management. 

Register now to learn:
  • The difference between inherent and residual vendor risk  
  • Determining inherent risk 
  • The role of due diligence 
  • How to properly apply residual risk 
  • Risk handling techniques  
  • Key takeaways  

Speaker

kelly vick

Kelly Vick

President

Kelly is a proven leader with more than 30 years of experience in the financial industry. Kelly directs the Venminder team in product strategy and management, customer success and customer support. Prior to Venminder, Kelly held the position of COO at iPay Technologies where she led all support teams including Client Implementations, Client Support- and Payee and Payment Support. Kelly also held positions as Chief Administrative Office including Human Resources, Facilities and Finance. Kelly earned her Bachelor of Business Administration degree with a concentration in Accounting from the University of North Florida.

Field of Study: Specialized Knowledge

Program Level: Basic

Duration: 1 Hour

Prerequisites: None

Who Should Attend: CEOs, CFOs, Compliance, Risk, BOD, Vendor Management, CPAs 

Advanced Preparation: None

Delivery Method: Group Internet Based

Refunds: This is a free event.

Cancellations: In the event that this session would need to be cancelled, you will be personally contacted and registered for the rescheduled event.

Concerns: For more information regarding administrative policies such as complaints, please contact our offices at +1 (888) 836-6463.

Information

Field of Study: Specialized Knowledge

Program Level: Basic

Duration: 1 Hour

Prerequisites: None

Who Should Attend: CEOs, CFOs, Compliance, Risk, BOD, Vendor Management, CPAs 

Advanced Preparation: None

Delivery Method: Group Internet Based

CPE Eligibility: Because this is an on-demand event, unfortunately, it is not eligible for CPE credits. All live events are eligible for 1 CPE credit per hour.

Refunds: This is a free event.

Cancellations: In the event that this session would need to be cancelled, you will be personally contacted and registered for the rescheduled event.

Concerns: For more information regarding administrative policies such as complaints, please contact our offices at +1 (888) 836-6463.

CPE Credit Eligibility

This session is eligible for 1 CPE Credit – you must be in attendance for the entire LIVE session, answer all three polling questions during the event, and complete the post-event survey. CPE Credit will be offered within 7-10 business days following survey submission.

Venminder is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor on continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE Credit. Compliance regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org 

Sponsorship Identification Number: 140591

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difference between inherent residual vendor risk

 

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