Case Studies
How a Fortune 500 Consumer Goods Company Streamlined Their Vendor Risk Assessment Process with Venminder
This Fortune 500 global consumer goods company with a portfolio of well-known, household brands relies on a network of third-party vendors who provide various products and services to support business operations.
Top Global Energy Company Boosts Third-Party Screening Using Venmonitor™
Through elevating supply chain cybersecurity, a Global Energy Company was able to reduce time and cost of screening, enhance risk management and mitigation, avoid engaging with suppliers with low security posture, and increase productivity through faster and more informed decisions.
Revamps TPRM Program for Success, Efficiency and Meeting Industry Regulations
Prior to Venminder, the bank had contracted with multiple technology software providers to meet their program’s needs. As those systems did not integrate or “talk” to one another, it made their program difficult to scale and mature.
Gains Valuable Expertise and Simplifies Processes with Venminder Partnership
Frost Bank was looking for a platform that could give more visibility into their overall vendor management process and encourage buy-in from the various lines of business.
Doane University Partners with Venminder for Contract Management
With the help of Venminder software, Doane University was able to create a process for vendor contract management that was less manual and more efficient.
CommonWealth Central Credit Union Saves Time and Builds a Strong Vendor Management Evaluation System
The credit union's online portal lacked automation benefits and they also were using Excel to risk rank vendors.
Achieves Well-Organized and Successful Vendor Risk Management Program with Venminder
Flushing Bank had a strong need for transparency throughout their vendor risk management program but were finding it difficult to achieve this using a module inside an Enterprise Risk Management (ERM).
Branches Consolidated Vendors and Realized Cost Savings
Competing priorities, lack of time and personnel, and a file cabinet full of contracts across all branches made vendor risk management overwhelming.
Streamlined Vendor Risk Management Exceeds Third-Party Risk Requirements
With over $8.6 billion in assets, First Tech Federal Credit Union is one of the ten largest credit unions in the United States, serving more than 425,000 members nationwide.
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