How We Help

• Complete support during implementation

  When you first start with Venminder’s software platform, the Venminder team will set up as much of your account as you need and import vendor information, questionnaires, risk assessments, and more.  

• Subject matter expertise on hand

  Venminder experts can perform a variety of assessments on your vendors to show the level of risk, and concerns, and recommend the next steps to take the burden off of you. They can also help support you if you have any questions or need guidance on your program. Venminder’s experts are qualified in multiple risk domains, hold industry-recognized certifications, and have experience implementing and maturing third-party risk management programs.  

• Implementation of a Third-Party Risk Management framework based upon the Policy and Program, as well as the platform’s functionality

  Venminder’s software platform manages vendor risk through the entire lifecycle, from onboarding to offboarding. This framework can be customized to meet your organization’s Policy and Program while also maintaining regulatory compliance. Venminder will help your organization build a best-in-class program for any board, auditor, or regulator.  

• Support the heavy lifting of onboarding each portfolio company’s vendors, contracts, and corresponding documentation onto the Venminder platform

  Venminder acts as a one-stop-shop for your organization’s vendor inventory, contracts, and documentation. Your organization will be better prepared for regulatory exams with information stored in one place. Onboarding can be a time-consuming process, so Venminder offers a platform to easily view each vendor’s risk and current documentation. Automated tasks ensure your organization stays on top of vendor documentation and mid-term contract reviews.  

• Scaling due diligence for your team

  You can enhance and scale your third-party risk management program to serve diverse needs across multiple departments. Venminder’s platform, especially Vendiligence™ and Venmonitor™, offer a place where multiple users can risk assess vendors and provide internal feedback.

  This allows your team to collect risk data on vendors, build a strong third-party risk management foundation, and scale the platform overtime. This also represents a significant reduction in the due diligence workload, introducing more automated and efficient systems.