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Venminder is a great platform
What do you like best about the product?
We've had it a few years but I'm new to using Venminder myself even though I have experience with several other platforms. We love the interface, it's easy to use and intuitive for new users. It's a great solution to help us key in contract dates and set up notificaitons so we don't miss a date. It's really a full suite of applications and servers 99% of our needs without having to purchase additional modules. Pricing seems comporable to others I've used in the past for what you get, we just need to use it to more of it's potential and so far it's been very helpful in getting us on track with our vendor due dilegence requirements where we're not just doing it to check the box but it's helping us avoid risk.
What do you dislike about the product?
When exploring other services and add-on's it refers you to Talk to Sales where I prefer a little more self service when trying to access demo's, view pricing and add services without needing to speak with a rep. When I have talked to our rep or support it's been great, but sometimes it's helpful to do it on my own.
What problems is the product solving and how is that benefiting you?
It's great for contract lifecycle management but it's really helpful at keeping all the different business units together in how we manage vendors. Some departments are more experienced at this than others but it's easy to pull a report on where everyone is at.
New addition to Venminder's clientele
What do you like best about the product?
As a new client of Venminder, my onboarding experience has been exceptional, primarily due to the dedicated project manager assigned to train me. Her personalized approach, deep expertise in Venminder’s platform and third-party risk management, and clear, consistent communication have beenn instrumental. The platform’s ease of use and implementation, combined with the interactive, hands-on training sessions, made us quickly proficient in using its numerous features. The project manager's resourcefulness and responsiveness, along with the wealth of materials provided, ensured any issues were promptly addressed. Her ongoing support and positive attitude has made our transition smooth and stress-free.
What do you dislike about the product?
One improvement that can be made is in the Ongoing module: adding the ability to list upfront costs and expenses on contracts when they are uploaded. Additionally, in the Offboarding module, it would be beneficial to include the capability to notify third-party vendors of a non-renewal or termination via email, similar to the functionality in the Assessment section.
What problems is the product solving and how is that benefiting you?
Venminder has helped us solve several key challenges by providing a seamless onboarding platform for vetting third parties, real-time third-party monitoring at an affordable cost, and robust tracking abilities. Additionally, their customized and scheduled reporting, efficient offboarding platform, and comprehensive compliance features have significantly enhanced our third-party risk management processes.
Venminder has helped wrangle or 3rd party cats
What do you like best about the product?
The most helpful thing about using Venminder is all of your 3rd party information is in ONE location, you can track their basic information, invoicing, contracts, questionnaires, and risk assessments all in ONE place!!
The tool is very easy to use, the implementation and support teams are FANTASTIC! I love the Single-Sign-On and that it was easy to integrate with Black Kite, our 3rd party riks monitoring tool.
The tool is very easy to use, the implementation and support teams are FANTASTIC! I love the Single-Sign-On and that it was easy to integrate with Black Kite, our 3rd party riks monitoring tool.
What do you dislike about the product?
So far I haven't found anyting I don't like.
What problems is the product solving and how is that benefiting you?
Now we can stop using excel sheets to manage vendor information! We are able to easily send, track and score security and due diligence assessments to vendors.
Venminder - Makes Vendor Risk Management Life Easy
What do you like best about the product?
Venminder is impressive. The ease of navigating, on-going software development, and account management support makes a users life easy and stress free.
What do you dislike about the product?
Full transparency, I don't have any dislikes associated with Vendminder. I guess I can add I wish I started to use Venminder sooner.
What problems is the product solving and how is that benefiting you?
Venminder takes all associated with third-party vendor risk managment and creates a very polished one stop shop for all things related to vendor management.
The product / software funtionality and support is by far the best vendor management tool available.
The product / software funtionality and support is by far the best vendor management tool available.
Vender Risk Management platform that is intuitive to use
What do you like best about the product?
Getting started with the platform was a breeze. It is SaaS based so there no setup required. Just work with the implementatin team to get familiar with it and everything is good to go. The platform is very intuitive and easy to use. It also allows for some customization which is great. For examples, one can add additional fields to a vendor dashboard. Also one can create custom questionnaires that can be send to vendors during the onboarding process.
Over time the platform has seen a lot of new features and improvements.
The staff of Venminder is very knowlegdebable about the product and always very helpful. I like our monthly cadence calls with our CSM. It is always great to talk with her and usually new ideas emerge during those calls.
Over time the platform has seen a lot of new features and improvements.
The staff of Venminder is very knowlegdebable about the product and always very helpful. I like our monthly cadence calls with our CSM. It is always great to talk with her and usually new ideas emerge during those calls.
What do you dislike about the product?
No real dislikes that I can come up with. There are some minor cosmetics that could be changed maybe. But these are probably of personal taste.
What problems is the product solving and how is that benefiting you?
Organizing and monitoring vendors has become easier and was also approved during our recent ISO certification renewal process by the auditor.
we are still in the onboarding phases
What do you like best about the product?
the customer service is fantastic, the continious webinars, and the fact i can ask a question and get an answer with related topics and helpful links is phenominal. having a contact person who cares makes a difference.
What do you dislike about the product?
we have to pay for additional services in the venminder software.
What problems is the product solving and how is that benefiting you?
having subject matter experts take control of their vendors they use so not one person is in control of over 100 plus vendors.
Great experience. Software is intuitive and and staff is extremely helpful.
What do you like best about the product?
The most helpful thing is the Venminder team. The software is helping us managing vendors more effectively and efficiently.
What do you dislike about the product?
At this point, I don't see any downsides.
What problems is the product solving and how is that benefiting you?
Managing vendors entirely through the software and eliminating the large amount of emails.
Venminder is an amazing application that simplifies vendor management.
What do you like best about the product?
Venminder makes all aspects of vendor management more managable. From due dilligence to monitoring it does a great job. It is user friendly and my account manager Joshua Cooper is the best.
What do you dislike about the product?
I find nothing not helpful in Venminder.
What problems is the product solving and how is that benefiting you?
I use Blackkite for monitoring my critical vendors and it is right on the platform. I am able to set up the department managers to manage their own vendors which is a huge help.
Scalable for organizations of every size
What do you like best about the product?
Good customer support and access to resources for building out a comprehensive vendor management program.
What do you dislike about the product?
The user interface is difficult to navigate at first because there are so many features and functions.
What problems is the product solving and how is that benefiting you?
Venminder provides the features and tools for effective vendor risk management and regulatory compliance.
Upgrade Your Vendor Management with Venminder
What do you like best about the product?
Venminder provides an easy-to-use centralized repository for vendor information, risk assessments, due diligence, and contracts and renewal dates and reminderds, which makes it easier to manage vendor relationships. They also provide valuable support and expert guidance to our team.
What do you dislike about the product?
We are not taking advantage of the outsourced managed services due to the additional cost, so we still have to do the risk assessments, oversight, etc.
What problems is the product solving and how is that benefiting you?
Venminder allows us to keep all of our vendor information in a centralized place that department heads/product managers can access to help with the risk assessments and due diligence/oversight. They also send reminders before contracts renew, so that we can review and renegotiate vs. just letting the contract roll. They also provide expert guidance on vendor management, which we find valuable.
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