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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System and Organization Controls (SOC)
Assessment

Understand the effectiveness of your vendor's controls based on an assessment of your vendor's SOC reports.

 

SOC reports have become the go-to evidence request for organizations when performing due diligence and ongoing monitoring of their third party’s technical controls. Collecting, analyzing and understanding these SOC reports is crucial to ensure the vendor is a safe partner.

Venminder has a highly trained and qualified staff of security professionals who assess the vendor’s SOC reports and provide a comprehensive assessment regarding the vendor’s internal controls.

Key Benefits

A comprehensive assessment regarding your vendor’s internal controls

Venminder’s team assesses the controls outlined within the SOC report and notes whether those controls are suitably designed and operating effectively. Know if your vendor is not maintaining a well-formed control environment.

 

Increased efficiency, reduced workloads and costs

We understand that hiring certified staff to perform SOC reviews can be costly or simply too time-consuming on limited internal resources. When you partner with Venminder, our team becomes an extension of your staff and at a fraction of the cost.

 

Highlighted areas of concern

Venminder will guide you on recommended next steps where we see areas of concern so you can ensure the vendor remediates those issues.


What It Includes

  • Overall risk rating of the vendor’s control environment
  • Individual risk ratings on a vendor’s:
    • Reporting Period
    • Organization and Administration
    • Information System
    • Data Center
    • Control Objectives and Activities
    • Subservice Organizations
    • Complementary User Entity Controls (CUEC/UCC)
  • Areas of concern
  • Recommended next steps
  • Created and signed by a certified expert

Why It's Important

A SOC report is an independent audit report performed by a public accounting firm. The report will attest to the existence and effectiveness of controls specified by the company that’s being audited, such as your vendor. Basically, the report should tell you if your vendor has the right controls in place to safeguard your data and if those controls are actually working based on the type of audit.

It’s important to thoroughly review the vendor’s SOC reports as you obtain them. You can think of SOC reports as giving you the power to silently be in your third party’s room as the inner workings of the company are described.

 


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Vendor SOC Assessment Sample

Our highly trained and qualified staff of CISSPs and information security experts will assess your vendor’s SOC reports and provide you with a qualified assessment of their controls, the effectiveness of those controls as well as any identified gaps. We also provide you with next steps. Download a sample to see what this assessment looks like.

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Order Assessments Online

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

 

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Educational Resources

eBooks

2020 Edition: The Vendor SOC Dictionary

To help guide you and your team in understanding some of the most common terms found in a SOC report, we've created a simple dictionary for you to download.

Podcasts

7 Steps to Take After Receiving a Vendor SOC Report

There are steps you can take to make the process more efficient when reviewing a SOC report. Listen to this week’s podcast to find out 7 steps to take.

eBooks

How to Review a Vendor SOC Report

Learn how proper review of a vendor SOC report helps your org, when to obtain and review a SOC, differences between SOCs, Complementary User Entity Controls, key areas to review and more.

Infographics

Understanding the Differences Between a Vendor SOC 1, 2, 3

Download the infographic to learn the definitions of each type of SOC report and how they can benefit your organization.

Ready to Get Started?

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

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