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.

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