Venminder

Venminder, an industry innovator and leader in third-party risk management, announces the launch of Venmonitor™, a new software tool that centralizes risk intelligence data across multiple risk domains on third parties in one location, enhancing the efficiency of vetting and screening of third parties. As outsourcing has become a necessity for almost all organizations, so has the need to implement a strong third-party risk management and monitoring program. Venmonitor™ can help the many organizations that have struggled to keep up with the evolving risks posed by third parties by providing access to essential data that can be used to highlight initial risks pre-contract and flag potential risks during the ongoing monitoring of existing, contracted vendors. Venmonitor™ helps solve these pain points with its two primary frequencies, a point-in-time for on-demand screening and a continuous monitoring solution where data on loaded vendors is refreshed automatically.