We offer a powerful online software platform that can guide and streamline your third party risk management program and includes online ordering of due diligence tasks that can save you valuable time and resources. With Venminder, you gain a partner that works with you to protect your organization from vendor risk.
Why is choosing the right tool so important?
The right tool is extremely important to your success. You need an "engine" that is powerful yet easy to navigate, one that you can use to collaborate with others, find things quickly, receive timely alerts and be flexible to handle the many moving components of your third party risk management program.
The resources struggle:
Third party risk managers usually end up wearing many "hats" and can end up pulling from stretched internal resources which can often cause long delays. It is critical that the right qualified people are reviewing your third party's documentation and processes. While it is often regulatory required to qualified reviews, it also could impact your decision making.