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

900 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.  

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 2021

Venminder’s State of Third-Party Risk Management 2021 survey provides insight into how organizations are managing third-party risk management in today’s increasing regulatory and risky climate.

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Business Health Monitoring

in partnership with Argos Risk

Receive alerts when early warning signs of risks are identified with your third parties.

 

Industry best practices, as well as regulatory guidance, dictate that a comprehensive vendor oversight program that includes ongoing monitoring should be put in place. An oversight program will generally include the monitoring of the third party’s quality of service and reputation, risk management practices, financial condition and applicable controls and reports to identify weaknesses or undisclosed risks that a vendor may not be forthcoming about.

Venminder, through a strategic partnership with Argos Risk®, offers a solution known as AR Surveillance™. It is a web-based solution that provides an easy, actionable and affordable method to complement the ongoing monitoring of your vendors.

Integrating Argos Risk AR Surveillance into the Venminder platform allows you to systematically monitor your vendor’s business health and receive timely alerts when changes occur. It can identify early warning signs that may warrant your close attention by leveraging over 10,000 data points to assign risk scores.

Key Benefits

Cost-effective and easy-to-understand monitoring

Increase awareness for business creditworthiness and financial health, combined with a credit alert system, all to see with color-coded scoring displayed within the Venminder platform.

 

Real-time continuous business health monitoring

View the overall Argos Risk score, the business health index score, the likelihood of consistent payment score, the days beyond terms score and the overall trend to stay properly updated and have actionable data.

 

Efficient view to streamline oversight

As new information is collected, an email alert is generated to keep you aware of any score changes to the risk profile of your vendors.


The 4 Scores and Trend in the Vendor Profile

View these from within the Venminder platform on your vendors:

Argos Risk Score
An overall risk rating of high, moderate or low based on the overall financial, payment and ongoing concern risk associated with the organization.

Business Health Index Score
A score that predicts the business health of an organization’s operations. The higher the score, the more financially stable the organization is.

Likelihood of Consistent Payment Score
A score that predicts the likelihood of a business to pay their vendors in a timely basis. The higher the score, the lower the risk of doing business with that organization.

Days Beyond Terms Score
A score that indicates a company’s current vendor payment record. The range is 0 to 120 days. Lower scores indicate stronger payment performance.

Trend
Upward facing green arrow, horizontally aligned yellow arrows or downward facing red arrows will appear to represent the trend based on the scores in the last 30 days of the company.


Video

Argos SS Video v2

 


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Venminder Receives Highest Scores in Gartner Critical Capabilities for IT Vendor Risk Management Tools Report

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Schedule a personalized solution demonstration to see if Venminder is a fit for you.

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