on 2019-05-1610:48 PM - edited on 2022-05-1605:47 PM by GloriaHigley
Venminder is a provider of third party risk management solutions providing online software technology that can guide and streamline third party risk management programs as well as the ability to save valuable time and resources by outsourcing due diligence tasks to their team.
Venminder’s advanced software product allows for easy collaboration to manage all things vendor-related and guides users through critical processes such as oversight management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, vendor onboarding and more. Robust and configurable reporting can be generated from the tool to give clear visibility into the management and ongoing monitoring of third parties.
Venminder’s suite of outsourced due diligence services have redefined the third party risk management space by providing a cost-effective staff augmentation answer and ability to reduce the workload. Services include collecting documents, vendor vetting, risk assessing key cybersecurity and information security risks, analyzing documents such as SOC reports, financial statements, contracts, business continuity and disaster recovery preparedness and more.
The Venminder Third Party Risk Management Software and Archer integration brings data and documentation to the Archer Platform enabling you to further enhance your vendor management program’s visibility and reporting.
Venminder’s Third Party Risk Management Software integration with Archer enables organizations to:
Import and store data from Venminder on vendors and products into the Archer Platform
Quickly access documentation uploaded into Venminder inside Archer
Leverage Venminder’s managed services by receiving the analysis and current documentation on vendors inside Archer
View Venminder’s criticality risk level ratings for vendors inside Archer and setup custom alerts for changes in ratings
Easily see Venminder’s inherent risk and residual scores of products inside of Archer and create custom alerts for changes in risk ratings
Gain enhanced reporting inside Archer using the Venminder data