Venminder Features

Track usage per company, custom time period, or contract

Track payments received for products that haven't be delivered yet

Recognition rules to accrue revenue on a daily or monthly basis

Allows vendors to own and update their vendor page with security and compliance documentation to share with customers

Allows companies to assess vendors profiles in a centralized catalog

Offers standardized security and privacy framework questionnaire templates

Offers role based access controls to allow only permissioned users to utilize various parts of the software.

Offers built-in or automated vendor risk scoring

Offers tools to assess fourth parties -- your vendor's vendors

Monitors changes in risk and sends notifications, alerts, and reminders for specific actions including: upcoming assessments, profile access requests, etc

Uses AI to alert administrators to changes in risk scoring through continuous monitoring.

Users can assign scores to suppliers based on the estimated risk of doing business with them.

Utilize artificial intelligence to analyze third party risks.

Review vendor contracts and profiles to ensure compliance with regulation and internal policies.

Manage and enforce internal policies related to vendor risk management and controls.

Provide workflows to mitigate risk and escalate issues proactively.

Track vendor performance using supplier data such as a history of transactions and contracts.

Send alerts and notifications when corrective actions are needed to address supplier risk.

Perform ongoing due diligence activities to auto calculate overall risk for each vendor.

Include reporting templates for activities such as audits and vendor evaluation.

Consolidate data from multiple systems that manage supplier information.

Provide a 360 view of suppliers which can be shared with internal or external users.

Utilizes AI to summarize security questionnaires.

Automate text responses to common security assessment questions.

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives

Makes informed choices based on available data and objectives