Venminder Introduces New MIS 2022 in Third Party Risk Management Platform
Venminder, a recognized industry leader in third-party risk management solutions, today announced the addition of the new SIG Lite 2022 and SIG Core 2022 to their platform. GIS 2022 has been updated by Shared Assessments to align with the changing regulatory environment and threats.
ELIZABETHTOWN, Ky., September 29, 2021 / PRNewswire-PRWeb / – Venminder, a recognized industry leader in third-party risk management solutions, today announced the addition of the new SIG Lite 2022 and SIG Core 2022 to their platform. GIS 2022 has been updated by Shared Assessments to align with the changing regulatory environment and threats. Built on verified questions mapped to controls and regulatory guidance, MIS provides standardized efficiency in performing third-party risk assessments.
“We are committed to streamlining the questionnaire process for third party risk professionals and the vendors who fill them out,” said James hyde, CEO of Venminder. “Our clients are able to automate the questionnaire process, quickly access status metrics and increase risk accuracy with extensive scoring customization options. Additionally, providers in turn are able to proactively pre-fill questionnaires and are essentially ready to do due diligence. “
The Venminder platform is used to distribute thousands of questionnaires to vendors each month with the goal of gathering the information they need to assess and manage risk. A Supplier Risk Questionnaire can often be the go-to resource to initiate the supplier risk assessment process and in turn determine the level of oversight required for each supplier relationship.
“Quick to standardize on GIS 2022, Venminder has proven to be a leader in providing standardized insurance to its customers. We are happy to partner with vendors like Venminder who are committed to streamlining reviews without compromising security, ”said Catherine A. Allen, President, Shared Evaluations.
According to the shared assessments, over 80% of the GIS has been improved for 2022, making it an important and important update. Shared Assessments keeps abreast of regulations, guidelines and standards for a wide range of industries and has integrated 1,600 checkpoints into the 2022 Toolkit from new guidelines, regulations and frameworks, including:
NIST 800-53 (Rev.5) Security and privacy controls for information systems and organizations
MJ june 2020 Guidance on Evaluating Corporate Compliance Programs for U.S. Listed Companies
Consensus Assessment Initiative (CAIQ) Questionnaire v3.1 (april 2020)
CSA Cloud Controls Matrix (CCM) Version 4
EC-62443 Industrial Automation and Control Systems Guide (2018)
GDPR guidelines on standard contractual clauses (CCP) June 2021
State privacy laws (CA, CO, Virginia)
Environment, social, governance (ESG): Third-party risk management programs must increasingly assess the ESG compliance of critical suppliers and vendors. In response, new features in Toolkit 2022 include ESG updates across all TPRM shared assessment tools.
Venminder offers a world-class SaaS platform that guides and streamlines third-party risk management. Venminder’s platform helps users collaborate on everything related to suppliers and guides them through critical processes such as monitoring management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, supplier integration, etc. Robust and configurable reports can be generated from the tool to give clear visibility into the management and ongoing monitoring of third parties. Comprehensive vendor risk assessments can be found in Venminder Exchange and include in-depth vendor information security assessments, SOC reports, contracts, financial data, business continuity / disaster recovery , etc. Venminder also powers Third Party ThinkTank, a free online community dedicated to third party risk professionals. For more information, visit http://www.venminder.com. Follow Venminder on LinkedIn, Twitter and Facebook.
About shared reviews
As the only organization that has uniquely positioned and developed standardized resources to bring efficiencies to the market for over a decade, Shared Assessments has become the trusted source for third party risk insurance. . Shared assessments provide members with the opportunity to address global challenges in risk management through committees, advocacy groups, interest groups and special projects. For more information, visit https://sharedassessments.org/
Jessica carbin, Venminder, +1 (888) 836-6463, [email protected]
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