“What I like about Venmonitor™ is its ability to aggregate a vendor’s risk profile across multiple domains into a single snapshot report, at speed. Using Venmonitor™ has increased the cadence of our initial vendor screening allowing us to prioritize our assessment pipeline more efficiently and focus our deeper due diligence efforts more appropriately.”

Senior Manager, Information Security
Global Consumer Goods Company

The Solution

Manage vendor risk and reduce workload

This Fortune 500 company chose Venminder as their trusted partner for vendor risk assessments, leveraging two of Venminder’s products: Vendiligence™ and Venmonitor™.

Vendiligence™ is an outsourced service that performs on-demand control assessments on vendors, such as data protection, cybersecurity, financial health, and compliance. Vendiligence™ provides expert analysis and risk ratings on vendors, saving time and resources. The Information Security Group leverages the Control Assessments, in particular the Data Protection Assessment, to confidently weigh threats introduced by vendors and respond to the resulting risks.

Venmonitor™ is a tool that monitors vendors across multiple domains based on open-source data, such as cybersecurity, data privacy, ethics and compliance, and finance. Venmonitor™ helps the Information Security Group gain more visibility and control over their vendor relationships by providing them with snapshot views of their vendors’ risk profiles and alerts on any changes or issues. The Information Security Group leverages Venmonitor™ as part of their procurement and renewal processes with third parties by leveraging the results to trigger additional due diligence activities, such as control assessments, if warranted.

“Vendiligence™ Control Assessments has enabled us to get high-quality assurance of our vendor’s information security capabilities. This helps us make informed decisions and manage our exposure to vendor risks, while reducing the workload on our internal team.” 

Senior Manager, Information Security
Global Consumer Goods Company

The Fortune 500 company praised Venminder for being an extension of their team and delivering concrete cost savings while maintaining high assessment quality.

“Venminder feels like an extension of our team. By using their services to augment our existing capabilities, we’ve been able to rapidly scale our ability to conduct third-party assurance work during periods of high demand. This has allowed us to maintain our service levels while delivering valuable Information Security risk insight to our business colleagues especially when resources are limited. This partnership has delivered concrete cost savings while maintaining high assessment quality.”

Senior Manager, Information Security
Global Consumer Goods Company