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Review
What do you like best about the product?
I like that it is very user friendly and that there is a chat session available incase I do have questions.
What do you dislike about the product?
I don't like that not all vendors work with Venminder
What problems is the product solving and how is that benefiting you?
The problems I am solving is that I am not wasting that much time collecting docs and I would consider that a benefit as well.
Great way to manage due diligence tasks and contracts
What do you like best about the product?
Reminders on due diligence and contracts
What do you dislike about the product?
Anything that I have disliked has been resolved by their team. They are very much intune with their customer's needs.
What problems is the product solving and how is that benefiting you?
Due Diligence tasks
Contract storage and due dates
Ongoing Monitoring
Onboarding
Siglite requests
Due Diligence reviews (report pulling)
Contract storage and due dates
Ongoing Monitoring
Onboarding
Siglite requests
Due Diligence reviews (report pulling)
Recommendations to others considering the product:
I recommend talking to them about training and doing a trial run. There is so much that their system can be used for well beyond standard due diligence, have a conversation with them, and do some training. Also, join their webinars and their Third-Party Thinktank which has people of all industries helping each other with questions on third-party oversight.
PMG Vendor Management Review
What do you like best about the product?
We enjoy the intuitiveness and reporting capabilities of Venminder.
What do you dislike about the product?
Having to update the notification dates for contact reviewals or terminations from 6 months to the actual notification dates.
What problems is the product solving and how is that benefiting you?
Oversight due diligence, document storage, contract notifications and annual review reminders
G2 Review
What do you like best about the product?
Before using Venminder, our vendor management program received criticizism during examinations. Venminder has given us the tool needed to organize our process.
What do you dislike about the product?
Having to upload a single document at a time would be the only downside of the product.
What problems is the product solving and how is that benefiting you?
Venminder helped us stay on top of when annual reviews were needed and when required documents were outdated.
The program is built so you can fill in your own blanks
What do you like best about the product?
Email reminders are very useful, and the overall interface is pretty simple to navigate.
What do you dislike about the product?
I don't like that I can't rearrange the landing page, so that the items I want to focus on are at the top.
What problems is the product solving and how is that benefiting you?
Venminder has allowed me to manage the entire Vendor Due Diligence program to a pretty high level with an efficient use of time for just about everyone concerned.
Great platform to house Vendor Information.
What do you like best about the product?
I like that all documentation for a vendor is located in one place.
What do you dislike about the product?
I must look in several different areas to find the information I need.
What problems is the product solving and how is that benefiting you?
We have a central location now to house our Vendor contracts and leases.
Venminder is a great platform
What do you like best about the product?
Comprehensive and user friendly platform
What do you dislike about the product?
I have not discovered material downsides
What problems is the product solving and how is that benefiting you?
It is our third party risk management tool. We run an end-to-end vendor management program with it. It has helped us save time and perform work more efficiently.
Recommendations to others considering the product:
It's a great product.
Professional Service
What do you like best about the product?
Venminder provides various services that are often a daunting chore. They provide value and really are an extension of our vendor management team.
What do you dislike about the product?
While vendminder does provide quality updates to their portal, the net effect is sometimes adding additional work for existing vendors. A new filed may be added or a new oversight task is now needed and there is not an easy way to retroactively adjust the new functions for already established vendors.
What problems is the product solving and how is that benefiting you?
We are now doing quality ongoing vendor reviews. It isn't a rubber stamp anymore. We benefit from the various analysis services they offer.
Venminder Review 2.0
What do you like best about the product?
Very easy to manage and update profiles when needed.
What do you dislike about the product?
It does not always do what we want it to do.
What problems is the product solving and how is that benefiting you?
Document collection and housing everything in one platform instead of multiple ones.
Venminder TPRM
What do you like best about the product?
When reviewing a Venminder report the high level of detail provided and references that can be obtained to know what I am looking at is well thought out and thoroughly documented.
What do you dislike about the product?
So far I have not had any issues that Venminder has not been able to quickly address and remedy.
What problems is the product solving and how is that benefiting you?
Venminder has allowed me to outsource a large portion of our vendor management onboarding program so we can focus on other areas while having confidence that the work we receive is of the highest quality.
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