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Venminder’s State of Third-Party Risk Management 2024 survey provides insight into how organizations manage third-party risk today. Results from the survey provide an in-depth look at current practices, challenges, compliance incentives, and third-party risk management benefits.
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For the vendor performance management process to be effective, organizations must think carefully, plan proactively, and execute consistently. An effective process helps reduce costs, enhance customer satisfaction, mitigate risks, and more. Learn more in this infographic.DOWNLOAD NOW
Where do you begin with the daunting task of designing, implementing, and managing a third-party risk management program? It's not always clear what the process should entail or how it should be executed. Use this eBook to learn the foundational components of a TPRM framework to help you build or improve your program.DOWNLOAD NOW
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
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
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
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
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
An effective TPRM program provides many different strategic advantages to an organization. While one obvious benefit is meeting regulatory requirements, there's a much broader range of benefits. There are many operational and day-to-day advantages of a successful TPRM program. Learn more in the infographic.DOWNLOAD NOW
With the number of vendors in an organization, it may not always be obvious where a vendor sits on the high-low value spectrum. This eBook will help you determine who your low and high-value vendors are, and how to get the best value from your vendors.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
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
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
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
Upcoming Webinars
May 7: Vendor Contract Management for Beginners
June 25: The Vendor Due Diligence Process: End to End
September 5: Who Should Be Involved in Third-Party Risk Management
September 24: How to Classify Who Is a Critical Vendor
December 10: Third-Party Risk Management Best Practices for 2025
On-Demand Webinars
April 16-18, 2024: Third-Party Risk Management Bootcamp
March 19, 2024: How to Review Your Vendor's Financial Health: A Walkthrough of Financial Documents (Intermediate)
February 20, 2024: How to Continuously Monitor Vendors
February 6, 2024: State of Third-Party Risk Management 2024November 2, 2023: From the Top Down: The Role Senior Management and the Board Play in Third-Party Risk Management
September 5, 2023: Third-Party Risk Management and the Hidden Factors of Success Webinar
July 27, 2023: Assessing Vendor Risk: A Deeper Dive (Intermediate)
July 25, 2023: Vendor Exit Strategies and Plans: Managing the Offboarding Process Safely and Effectively
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
This message was posted by a user wishing to remain anonymous I review Trans Union annually and although there are a lot of complaints, we take it as the nature of the business they provide. For them, we primarily focus on the business aspect and how ...
Hi All, How do you look at DD for Equifax and/or TransUnion? I am performing DD on both of them for the first time and when looking at the Better Business Bureau and CFPB, there are alot of complaints on both of them. They also have low customer ratings ...
This message was posted by a user wishing to remain anonymous Can you share the questionnaire you use and send for ongoing monitoring of critical vendor or vendors who you are sending personal / regulated data? Is it the same as the one used during ...
Material or critical fourth parties can still expose your organization to risk, so you're definitely on the right track of wanting to identify them. The good news is that these critical fourth parties can be identified in your third parties' SOC ...
This message was posted by a user wishing to remain anonymous Yes we have service agreements with our appropriate contractual protections and conduct due diligence oversight commensurate with our risk matrix due to NPII and HIPPA data.