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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About

Venminder is an industry recognized leader of third-party risk management solutions. 

Our Customers

Over 800 organizations use Venminder today to proactively manage and mitigate vendor risks.

Get Engaged

We provide lots of ways for you to stay up-to-date on the latest best practices and trends.

Gartner 2020
Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2020 Report

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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.  

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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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Vendor Financial Health
Assessment

Gain insight into your vendor’s overall financial viability.

 

Financial viability is critically important as it is the foundational core that drives all other deliverables from your vendor. Venminder’s Financial Health Assessment is designed to help you determine just how viable your vendor is and to understand their ability to continue to deliver the product and services for which you have contracted (or plan to contract for).

Our team of commercial credit analysts, financial risk analysts and CPAs will deep dive through the details in order to provide you with an easy-to-understand and comprehensive assessment.

Key Benefits

Determine if your vendor is
financially sound, or vulnerable

Receive a qualified risk rating of your vendor’s overall financial health so you can make empowered decisions that safeguard your organization. Know if your vendor poses a risk level of Confident, Satisfactory, Cautious or Vulnerable.

 

Predict future outlook of potential risky behavior

Informed decisions can save you in the long term. A vendor’s declining income can mean cost cuts (like cutting staff). Less staff means poorer service levels and, ultimately, less information security support which can accelerate system vulnerabilities.

 

Speed up processes and save your internal resources time

Venminder has qualified financial risk analysts and CPAs to assess the financial viability of vendors which can save your internal resources time during the due diligence processes and allow them to focus on the important strategic initiatives and decisions.


Features

  • Overall vendor financial health risk rating
  • Year-over-year health rating trend (if available)
  • Condensed easy-to-digest assessment including:
    • Balance Sheet
    • Data Income Statement
    • Cash Flow Statement
    • Ratio
  • Analyst comments on any findings including a review of disclosures on COVID-19, mergers or acquisitions
  • Recommendations for frequency and intensity of further financial monitoring
  • Access to financial risk analyst for questions
  • Prepared and signed by experienced CPAs

Why It's Important

Financial viability is critically important as it is the foundational core that drives all other deliverables from your vendor.  For example, declining income can mean cost costs, then cutting stuff which impacts customer service levels, all of which may may mean declining information security support which will accelerate system vulnerabilities that put your customers and your reputation at risk. 


Download a Sample

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Vendor Financial Health Assessment Sample

Our team of financial risk analysts, commercial credit analysts and CPAs will sift through the vendor's financial details in order to provide you with an easy-to-understand and comprehensive report. Download this sample assessment to see for yourself.

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Order Assessments Online

Completed Vendor Financial Health Assessments can be previewed and ordered directly from the Venminder Exchange

 

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Educational Resources

Infographics

Vendor Financial Health Monitoring: Warning Signs to Watch Out For

Is your vendor’s financial performance declining? To protect your organization there are some warning signs to look out for. Be aware of what the consequences are and your steps for recourse.

Podcasts

10 Quick Signs Your Vendor's Financial Performance Is Declining

Protect your organization by looking out for the 10 signs covered in this 90-second podcast that will indicate your vendor's financial performance is declining.

Infographics

Assessing Vendor Financial Risk Beyond Numbers

How to assess vendor financial risk. Failing to do so can be detrimental to not only your third party risk management program, but may have direct implications on how you operate your business.

Podcasts

4 Underlying Reasons Why Vendor Financial Reviews Are Critical

Does your organization understand your vendor’s financial viability and performance? Here are 4 reasons why your vendor’s financial performance is crucial for you to report on.

Ready to Get Started?

Schedule a personalized solution demonstration to see how Venminder can improve your processes.

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