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Industries

Energy

Venminder helps global energy companies identify,
manage, and mitigate supply chain risks.

Secure your supply chain with proper vendor risk management.

 

As cyberattacks on the supply chain continue to rise, it’s crucial for energy companies to identify, mitigate, and monitor supplier and third-party risks. It’s increasingly complex to track the large number of third parties energy companies interact with, especially as they’re spread across the globe. Energy companies need a streamlined process with reduced time but enhanced risk mitigation.  

Ensure your suppliers have effective cybersecurity programs, strong business continuity and disaster recovery plans, and third-party risk management programs with Venminder. 

$4.78 million

average cost of a data breach in the energy industry

$2.7 million

regulatory fine for an energy company caused by a third party's negligence

767,000

files stolen from an energy company after third-party ransomware attack

As cyberattacks on the supply chain become more frequent, it’s crucial for energy companies to identify, mitigate, and monitor supplier and third-party risks. It’s increasingly complex to track the large number of third parties energy companies interact with, especially as they’re spread across the globe.

Energy companies need a streamlined process with reduced time but enhanced risk mitigation.  

Customizable Risk Assessment Templates to Measure Risk

Venminder offers risks assessments in various areas like cybersecurity and business continuity and disaster recovery. Use and customize these templates to ensure consistency throughout the supply chain. 

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Easier Supplier Onboarding With Contract Management and Dashboards

Gain a clear of all supplier contracts and risk profiles. Automatic notifications ensure you can catch key contract dates and Venminder's centralized systems ensure you can manage all supplier contracts in one place. Supplier dashboards offer a quick profile of suppliers' risk and status. 

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Real-Time Monitoring of Third-Party and Supplier Risk

Supply chain risks can appear overnight, so it's essential to constantly monitor for new and emerging risks. Venminder's risk intelligence uses trusted partners to gather data in risk domains like privacy and ESG for a clear picture of each supplier. 

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Reduce Time and Cost of Supplier Screening

Performing all the needed due diligence on a supplier can be time-consuming and costly. With Venminder's software, it's easier to make risk-based decisions in less time. 

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Avoid Suppliers With Low Security Posture

As third-party data breaches continue to increase, it's more important than ever to ensure suppliers have a strong security posture. Venminder's cybersecurity assessments and qualified experts can help evaluate suppliers and make recommendations. 

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Make Faster Decisions and Increase Productivity

Venminder's software allows you to manage suppliers through the entire relationship. The platform is easy to learn and customizable, so you can set up what works best for your team. With automations, subject matter experts, and risk assessments, your team can focus on important supplier issues and tasks. 

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Read a Case Study

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See how a global energy company uses Venminder.

This global energy company reduced time and cost of supplier screening, enhanced risk management and mitigation, and made faster decisions by using Venminder. Read how Venminder helped.

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Order Vendor Risk Assessments Online

Completed assessments can be searched, previewed, and ordered directly from the Venminder Exchange

 

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