Third-party risk management is a constantly evolving field. It's critical to take into account recent best practices in order to be as prepared as possible. The best practices in this eBook will give you more than enough to get started on your path to improved third-party risk management practices for your organization and for you as a third-party risk management professional.DOWNLOAD NOW
When you're newer to third-party risk management or need to find your footing on the basics, it can be challenging to know where to start. To help guide you, check out this interactive eBook that has 21 third-party risk management resources for beginners to get your program started on the right path.DOWNLOAD NOW
Maybe you and your vendor started off strong, but you're beginning to feel that the honeymoon phase is over. To have more satisfied staff, stakeholders, customers and an overall better vendor relationship, you should partner with a vendor who meets your organization's expectations. Download this infographic for examples of declining vendor relationships.DOWNLOAD NOW
It can be challenging to see the third-party risk management big picture and how to get from one destination to the next. This eBook will cover an extensive overview to understand where to start and how to develop a mature vendor risk program.DOWNLOAD NOW
It’s up to the person overseeing vendor management to set the standard and report against it with the appropriate level of transparency. Determine if your program is adequate. DOWNLOAD NOW
With the increase in third party risk regulatory demands, it’s crucial to be as efficient as possible. This infographic covers 8 ways to increase vendor risk efficiency, provides tips and recommendations for your program. DOWNLOAD NOW
We've seen the very best and worst of third party risk management. To help you achieve a model third party risk management program, here’s an informative infographic covering 14 of the best practices we have seen used. DOWNLOAD NOW
With so many components, it can be difficult to know if you've properly covered everything in vendor risk management. Use this eBook for useful vendor risk management resources that your peers have found valuable. DOWNLOAD NOW
There's plenty of prescriptive guidance out there, but how do the BEST vendor managers ensure the job is done well? This infographic covers best practices and tips as well as simple steps to guide you to achieving the same. DOWNLOAD NOW
When spring arrives, you’re probably thinking about all to do to declutter and organize your house. What about spring cleaning your vendors? This infographic shares 4 warning signs of a dirty vendor and other tips/best practices. DOWNLOAD NOW
You can learn a lot about third party risk by reviewing breaches, enforcement actions, etc. companies have received and been a part of. Check out these examples of horror stories of vendors caught doing something wrong.DOWNLOAD NOW
Expectations and requirements for third-party risk management are rapidly evolving. Because of this, there is always room for third-party risk management improvement. It can be complex, and building an effective program may feel overwhelming at times. These tips will help you implement effective third-party risk management programs or enhance those already in place.DOWNLOAD NOW
Venminder has released its seventh annual State of Third-Party Risk Management whitepaper based off its survey of how third-party risk professionals manage risk today. This invaluable whitepaper is full of industry statistics to help you make informed program decisions and provides an in-depth overview of the third-party risk management industry’s current focus, challenges, and trends.
The success of a TPRM program depends on a carefully integrated combination of rules, tools, processes, and people. The good news is there's already a well-established roadmap you can follow, known as the third-party/vendor risk management lifecycle, which was specifically designed to help you identify, assess, manage, and monitor vendor risk in your organization. Learn more.DOWNLOAD NOW
While meeting regulatory requirements is one very evident advantage of third-party risk management, TPRM's value is more widespread. Read this infographic to learn how your organization can maximize the benefits of TPRM.DOWNLOAD NOW
Changes resulting from rapid advancement of technology, availability of data and the ability to work with organizations across the globe have revolutionized how business is done. Third-party risk management is no exception. Read this infographic to explore the advances.DOWNLOAD NOW
Venminder receives highest scores for "VRM Solution and VRM Assessment Data" and is the only solution provider ranked a top 3 in all use cases. Gartner Critical Capabilities report evaluated 18 IT vendor risk management vendors across three identified use cases. DOWNLOAD NOW
Almost every organization utilizes third-party vendors to improve their overall business strategy by supplementing their capabilities, reducing costs, accessing specific expertise, augmenting staff or to assist by delivering products and services. Learn the real value of TPRM. DOWNLOAD NOW
Organizations often need a formalized vendor risk management process. However, it's not always clearly understood what that vendor risk management process should entail or how it should be executed. Read this eBook to learn more. DOWNLOAD NOW
Managing vendor risk has become even more important as a result of COVID-19. To help you, this infographic covers 6 best practices you need to do as you measure, assess and plan your vendor management processes. DOWNLOAD NOW
May 30: How to Review Your Vendor’s Financial Health (Intermediate)
July 25: Vendor Exit Strategies and Plans: Managing the Offboarding Process Safely and Effectively
July 27: Assessing Vendor Risk: A Deeper Dive (Intermediate)
September 5: Third-Party Risk Management and the Hidden Factors of Success Webinar
November 2: From the Top Down: The Role Senior Management and the Board Play in Third-Party Risk Management
December 12: Third-Party Risk Management Best Practices for 2024
May 2, 2023: The Third-Party Risk Management Lifecycle: Managing Vendor Risk From Start to Finish
April 18, 19, & 20, 2023: Third-Party Risk Management Bootcamp
February 7, 2023: State of Third-Party Risk Management 2023
January 10, 2023: Vendor Management 101
November 1, 2022: How to Create and Use Key Third-Party Risk Management Metrics
July 12, 2022: Strategies to Mature Your Vendor Risk Management Program
May 17, 2022: How to Review Your Vendor's Financial Health (Intermediate)
Vendor risk can get scary. Here are 8 “terrifying” real-life third party risk management stories from compliance officers and vendor management teams across various sizes of organizations along with key takeaways in this eBook.DOWNLOAD NOW
To avoid making vendor risk management errors, sometimes you need to take a step back and evaluate your program and what you're doing. Read this infographic to learn the errors to avoid in your vendor risk program.DOWNLOAD NOW
Third party risk is constantly evolving. With changes usually comes adjustments in best practices to minimize risk. This infographic covers best practices that will help ensure your organization and team is a top performer. DOWNLOAD NOW
What could be lurking behind your vendor's door? Vendor management doesn't always go smoothly and sometimes can get quite frightening. This infographic shares 7 vendor management nightmares to avoid and what to do to help. DOWNLOAD NOW
It's easy to get so involved with vendor management that you miss some basic, but key, items. To avoid making errors, sometimes you need to take a step back and evaluate. This infographic shares the top ten errors to avoid.DOWNLOAD NOW
An enforcement action typically means large problems and potentially hefty fines. This infographic covers 4 tips to help avoid receiving an enforcement action, top legal analysis websites and 2 questions when reviewing enforcement actions. DOWNLOAD NOW
You may have heard of the term "three lines of defense" that can help your organization guard against undue vendor risk. In this infographic, learn what they are, how they help guard and tips for implementing this strategy in your organization. DOWNLOAD NOW
When you signed with a vendor, things may have been great but that doesn't mean it will stay that way. To protect yourself, know what could indicate when you need to replace a vendor. This infographic covers 7 signs and next steps.DOWNLOAD NOW
Reporting to senior management/board is not just a good practice; it's a regulatory requirement. Learn what information to include in board reports, frequency and format, materials to provide in a board reporting package and more. DOWNLOAD NOW
Good morning! I like everyone's perspective on this! I agree that checking the contract to determine how data will be stored/returned/handled will be key. For the due diligence monitoring collection and review, I had the following thought to consider: ...
We just had a VM audit last month and some recommendations were given to us.
What does your policy say about when you change a vendor from active to inactive? This would factor into what you should do.
If it was me, I would for sure get any due diligence ...
I would agree with Cheryl and waive the review. However, given it is a critical/high risk vendor, there is some likelihood that they store some sensitive/NPI data for your company. If that is the case, this may be a good opportunity to review the contract ...
I would just make a note of it and waive the review. The reviews are done so we are sure our data is safe, secure and the vendor is doing well in order to continue the relationship. If you are terminating the relationship, the review is a moot point. ...
This message was posted by a user wishing to remain anonymous One of our vendors is up for an annual review 30 days before our contract ends. They are rated as high inherent risk and are a critical vendor. Can anyone recommend how to handle this? I ...