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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Recent updates from the Consumer Financial Protection Bureau (CFPB) have prompted mortgage servicers to enhance their processes for identifying and overseeing their vendors. It is essential to establish a centralized system that organizes all vendor-related data. Nonprofit organizations depend on various vendors for essential business functions and services. The emergence of significant issues, such as cybersecurity incidents and procurement conflicts of interest, underscores the urgent necessity for improved vendor management practices within the nonprofit industry. By adopting more rigorous management strategies, nonprofits can better safeguard their operations and maintain their integrity.

Description

Venminder offers a comprehensive suite of tools essential for efficient management of third-party risks. By conducting thorough inherent risk assessments, organizations can identify which vendors require further scrutiny. The platform simplifies the processes of onboarding, continuous management, and offboarding vendors through specialized workspaces. Each phase is managed within a uniquely designed, adaptable software environment. Conducting risk assessments on vendor products is vital, as it reveals the potential risks those products may present to your organization. The Venminder platform allows users to formulate tailored risk assessment questions, invite an unlimited number of internal stakeholders to provide their insights, set scoring criteria, and generate clear and detailed risk rating reports among other functionalities. Additional features include the creation of templates, tracking of progress, and the ability to evaluate residual risks, ensuring a thorough approach to vendor risk management. Overall, Venminder equips organizations with the necessary tools to foster strong vendor relationships while mitigating potential risks.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Argos Risk No 
BitSight No 
ORO No 
Skypher No 

Integrations

Argos Risk Yes 
BitSight Yes 
ORO Yes 
Skypher Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Skeey Interactive

Founded

2000

Country

United States

Website

www.vendorrisk.com

Vendor Details

Company Name

Venminder

Founded

2002

Country

United States

Website

www.venminder.com

Product Features

Vendor Management

Audit Management No 
Contact Management Yes 
Customer Database Yes 
Self Service Portal No 
Supplier Master Data No 
Transaction History No 
Vendor Maintained Profiles Yes 
Vendor Managed Inventory No 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

Product Features

Vendor Management

Audit Management Yes 
Contact Management Yes 
Customer Database No 
Self Service Portal Yes 
Supplier Master Data No 
Transaction History No 
Vendor Maintained Profiles Yes 
Vendor Managed Inventory Yes 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

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