Mitigate vendor risk through monitoring and oversight.
Proper oversight management is important prior to contract execution and throughout the vendor lifecycle. Oversight ensures that your vendors (especially critical vendors) have the appropriate controls in place to continue operating and to protect any data that they have access to (especially high-risk vendors who have access to non-public information). Failure to perform proper oversight could leave your clients at risk and damage your organization's reputation. It can be difficult to keep track of what still needs to be assigned and completed as well as where the vendor stands overall.
Venminder’s Oversight Management Module enables administrators to set up required tasks and assign them out to create automated accountability across the organization. Users can then perform the task, mark complete and keep track of finished work through the vendor scorecard and reports.
Easily customize due diligence efforts
Because requirements are set at the vendor and product level, you can easily create tasks for the vendor separately from specific items only needed for a particular product.
Drive consistency and compliance
By setting requirements and completing tasks, you ensure the needed work is done across all vendors.
Increase collaboration across the team
With the ability to assign tasks to users or groups of users and see previously completed work along with comments and results, you can easily work together in the platform to accomplish goals.
- Enable oversight requirements to schedule tasks
- Create and assign tasks to any user
- Record results of tasks/review
- Create oversight status reports for senior management, the board and examiners
It's already easy to use. But we're still here for you.
Venminder is praised for very simple and straightforward implementation. We’ll match your speed, create a project plan to meet needs and goals and configure your account including data imports.
Venminder’s renowned customer support is responsive and ready to listen. Reach out by email, phone or chat. We work closely and create a collaborative partnership to find solutions.
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The Venminder team can become your cost-effective staff augmentation answer and reduce your vendor management workload.