Venminder
4.6
70

Not Claimed

Venminder is a third-party risk management solution provider that offers a platform for centralized execution of third-party risk management programs. The platform enables users to store documentation, onboard vendors, track contracts, manage SLAs, send and manage questionnaires, manage due diligence and oversight, complete risk assessments, create workflows, run reporting, and more. Venminder's qualified experts perform assessments that are readily available in an online library to help clients identify possible risks and understand areas of strength on their vendors' information security and privacy standards, SOC reports, financial viability, business continuity/disaster recovery preparedness, contractual standards, regulatory compliance, and more. Venminder's clients also use the firm to streamline due diligence processes by outsourcing vendor document collection and regularly consult with Venminder's experts to ensure their third-party risk management policy and procedures meet industry standards. The Venminder platform is used by over 1200 customers across a wide range of industries, and the company's solutions are designed to accommodate growth and various levels of program maturity. Venminder's team of highly experienced professionals regularly speak at conferences, provide the latest research and educational content, host CPE credit eligible webinars, and provide access to an online networking community for third-party risk professionals, Third Party ThinkTank.
Developer
Venminder
HQ Location
Elizabethtown, KY
Year Founded
2001
Number of Employees
234
Twitter
Strengths
  • Comprehensive vendor management solution

    Venminder offers a wide range of features for managing vendors, including risk assessments, due diligence, contract management, and more.

  • Automated workflows

    Venminder's platform automates many of the vendor management processes, saving time and reducing errors.

  • Regulatory compliance

    Venminder helps organizations stay compliant with various regulations, such as GDPR, HIPAA, and more.

Weaknesses
  • Limited customization options

    Venminder's platform may not be as customizable as some organizations would like.

  • Pricing

    Venminder's pricing may be too high for some organizations, especially smaller ones.

  • Integration

    Venminder may not integrate with all of the systems that an organization uses, which could be a challenge.

Opportunities
  • Venminder could expand into new markets, such as healthcare or finance, where vendor management is critical.
  • Venminder could form partnerships with other SaaS providers to offer a more comprehensive solution.
  • Venminder could add new features to its platform, such as analytics or reporting, to provide more value to customers.
Threats
  • Venminder faces competition from other vendor management solutions, which could impact its market share.
  • Changes in regulations could impact Venminder's ability to provide compliance solutions.
  • An economic downturn could impact Venminder's ability to attract and retain customers.

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Venminder Plan

Venminder offers three pricing plans starting at $499/month, each with increasing features and support for vendor management.
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