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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Initial Vetting Package of a Third Party

Understand what key information is accurate and current on your vendor.

When you contract with a third party, you become responsible for any risk posed by their activities. Therefore, the first step in every new relationship should be to do the necessary background checks and research to know your vendor, ensure they meet regulatory requirements and are protecting your most valuable asset, your reputation.

We research, collect, review and verify your vendor's key information and that it's all accurate and up-to-date. We provide a comprehensive package with a summarization of findings.

 

 

Key Benefits

Comprehensive Package to Put on File

Would you hire a new employee without a proper background check? Chances are you wouldn’t. This report serves as your vendor background check. If there are any skeletons in the closet, we can help you find them.



Summarization of Findings

You’ll receive a concise summary for each package item confirming whether the information was: satisfactory, of concern and needs further investigation, either unavailable or could not be verified.

 

Start Your Vendor Relationship Confident

Know that the vendor has the necessary preliminary qualification before selecting or signing a contract (or deciding to continue business with them). Go into the vendor relationship with the best outlook as possible.


What It Includes

Our Initial Vetting Package of a Third Party Includes:

  • A Secretary of State check
  • Complaint research
  • OFAC check
  • A D&B report for credit, trade and payment history data
  • Tax ID #
  • Articles of Incorporation/business license verification
  • Negative news search

Not All Vendors Are Equal:
Venminder’s experts have determined that Closing Agents require specific oversight and research before signing the contract; therefore, we offer a separate Closing Agent Specific Initial Vetting Package of a Third Party that includes:

  • Articles of Incorporation
  • Closing Agent Wire Instructions
  • OFAC, SOS, FHFA Suspended Counterparty, HUD, Business License and Attorney License check
  • Closing Protection Letter
  • Email IP/public or private
  • Policy and Procedures
  • Certificate of Insurance
  • Title Insurance Verification
  • American Land Title Association Best Practices ID #
  • Better Business Bureau
  • Proof of hiring policies/background checks on their employees
  • BBB Data
  • SEC Action Check (SALI)

Why It's Important

by failing to properly manage your vendor cybersecurity risk, you increase the likelihood of being breached and the regulatory, reputational and financial consequences that come with it.

 


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Initial Vetting Package of a Third Party Sample

Our team of due diligence experts will do all the research, collect the appropriate documentation and verify accuracy then provide you with an all-inclusive report summarizing our findings in an easy-to-read and quickly searchable layout. Download a sample to see this type of report.

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Order Vendor Risk Assessments Online

Assessments can be previewed and ordered directly from the Venminder Exchange

 

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Educational Resources

eBooks

Vendor Vetting: 19 Things You Should Be Doing

As part of your vendor due diligence process and regardless of risk level, there are 19 items your organization should be committing to file for every third party involved with your business.

Checklists

Model Vendor Due Diligence

A handy vendor due diligence checklist to keep track of important items to gather. Check off as you complete and have confidence a thorough due diligence has been performed.

eBooks

In-Depth Guide to Onboarding a New Vendor

An important step to vetting a vendor is onboarding. Learn best practices, how to streamline a vendor vetting process and more.

eBooks

How to Do Vendor Due Diligence Reviews: The Complete Breakdown

Due diligence is a fundamental component of any third party risk program. We will break down how to do vendor due diligence reviews on 6 of the most common reports we do.

Ready to Get Started?

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

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