Vendor Management Software
Venminder: features, pricing and who it fits
Venminder serves banks and credit unions facing examiners. Software handles onboarding questionnaires, contracts and monitoring, while outsourced experts assess vendor controls and read SOC reports. Pricing is quote only, and companies outside finance may find it more than they need.
Who Venminder is for
Best for
- Banks and credit unions needing examiner-ready vendor due diligence
- Teams short on staff who want experts to review vendor SOC reports and controls
Look elsewhere if
- Buyers wanting published prices
- Non-financial companies seeking a lightweight vendor register
Fit by company size
| Category | 1-10 people | 11-50 people | 51-500 people | 500+ people |
|---|---|---|---|---|
| Vendor Management Software | No data | No data | No data | No data |
| Vendor Risk Management Software | No data | No data | No data | No data |
Strong fitWorkablePoor fitNo data from the vendor
Venminder features
- Vendor repository
- Vendor lifecycle from onboarding to offboarding in software platform
- Onboarding and documents
- Questionnaires and onboarding workflow in platform
- Contract linkage
- Contract management in platform
- Risk assessment
- Risk assessment tools plus Vendiligence and Venmonitor
- Integrations
- Developer API listed
- Pricing
- Quote only
- Questionnaires / assessments
- Questionnaires plus Vendiligence outsourced control assessments; over 30,000 risk-rated assessments a year (vendor claim)
- Continuous monitoring
- Venmonitor: cyber, business health, financial viability, privacy, ESG
- Evidence review (AI)
- Experts review vendor documents and give risk ratings (Vendiligence)
- Remediation workflow
- Vendor lifecycle workflow
- Pricing / add-on
- Quote only
Pros and cons
What users like
- Excellent customer support
- Expert assessments save internal workload
Common complaints
- not confirmed by the vendor
Worth knowing before you buy
- Acquired by Ncontracts on 4 September 2024 in an Hg buyout, taking Ncontracts past 5,000 customers
- Over 1,200 customers, mostly banks and credit unions
- Outsourced Vendiligence assessments are a service layered on the software, separate from the platform
- Vendor cites a 4.6 rating from 163 Gartner Peer Insights reviews (January 2024)
- G2 rates support quality about 9.7, its strongest category
