Effectively Mitigate Vendor Risks
By running an efficient vendor risk management program you can effectively lower and mitigate vendor risks.
Venminder's platform and vendor risk assessments enables you to effectively mitigate vendor risks and protect your reputation.
When you outsource work to a vendor, you inherit risks associated with that company, whether it be financial, reputational, credit, operational, etc. To ensure the safety of your organization, you must mitigate all those risks. Venminder's SaaS platform is dedicated to assist in analyzing risk and managing vendor relationships in great detail.
How We Help
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Track important information and effectively collaborate together
Through modules like questionnaires, risk assessments, and contract management, the software will provide the space to track important information and effectively work through processes that identify and manage vendor risk. And there’s a wealth of other capabilities to really add flexibility and customization to how your team needs to operate to do it.
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See risk ratings of vendors
Venminder also creates control assessments, which are assessments on vendors completed by Venminder subject matter experts (SMEs) to use to evaluate and assign the risk level of a vendor. Not only does it give you an accurate representation of the vendor but takes some of the work off your plate.
Frost Bank Gains Valuable Expertise and Simplifies Processes with Venminder Partnership
With the help of the Venminder platform, Frost Bank was able to gain visibility and properly track their due diligence documentation, as well as encourage buy-in from different lines of business on their overall vendor management process.
Educational Resources
FREE SAMPLE ASSESSMENTS
Download samples of Venminder's Vendor Risk Assessments
The Venminder team completes nearly 30,000 vendor risk assessments annually. Download and evaluate some of Venminder's samples to see how we can take this heavy workload from your team's shoulders allowing them to focus on the important strategic decisions.
Ready to Get Started?
Schedule a personalized solution demonstration to see how Venminder can help you transform your vendor risk management program.