Venminder

Venminder is an all-in-one platform designed to help organizations manage third-party risk programs in an efficient manner, trusted by over 1,200 customers. It streamlines the entire vendor lifecycle from onboarding to offboarding, including tools for questionnaire management, workflow creation and more. The platform is flexible, allowing organizations to customize and automate risk management for suppliers, vendors and third parties.

Venminder offers several important features to help organizations manage third-party risk effectively:

• Lifecycle Management: Manage onboarding, ongoing management, and offboarding tasks in dedicated workspaces.
• Questionnaires: Build, send, manage, review and score vendor questionnaires with automation and customization options.
• Contract Management: Centrally track and report on contract relationships, ensuring standards are maintained.
• Risk Assessments: Evaluate vendor risk with in-depth assessments covering areas such as financial health and cybersecurity.
• Continuous Monitoring: Monitor potential or current third parties across multiple risk domains in real-time through Venmonitor.
• Outsourced Due Diligence: Expert control assessments on vendors, including information security, data protection, cybersecurity and financial health.
• Education and Resources: Access a library of free educational resources, including webinars, infographics and eBooks.

Venminder's services are designed to be scalable, with unlimited users, vendors and assets supported without additional costs. The platform is highly customizable, allowing organizations to adapt it to their unique processes and needs.

Customer support is an important part of the service, with a collaborative approach to ensure a smooth onboarding and ongoing guidance. Quick onboarding and a comprehensive library of educational resources help users to effectively manage their vendor risk.

Venminder is suitable for organizations of all sizes and industries looking to streamline and manage third-party risk. Pricing information is not publicly available, but the platform provides a flexible and cost-effective way to manage vendor risk.

Published on June 20, 2024