Venminder, a leader in third-party risk management solutions, announced the launch of a new Dashboards module. This powerful tool is designed to revolutionize how organizations track key performance indicators (KPIs), manage third-party risks, and assess the effectiveness of their third-party risk management programs. The new innovative release will empower risk managers and leaders with enhanced capabilities for vendor oversight and strategic decision-making through custom visualizations and powerful reporting.
Venminder, a leader in third-party risk management solutions, announced the launch of a new Dashboards module. This powerful tool is designed to revolutionize how organizations track key performance indicators (KPIs), manage third-party risks, and assess the effectiveness of their third-party risk management programs. The new innovative release will empower risk managers and leaders with enhanced capabilities for vendor oversight and strategic decision-making through custom visualizations and powerful reporting.
In fast-paced business environment, custom dashboards and robust reporting capabilities are essential for measuring vendor performance and the effectiveness of a third-party risk management program. Venminder’s new dedicated Dashboards module allows customers to create highly personalized, data-driven views that can help them quickly pinpoint critical risk areas.
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As we continue through 2024 and beyond, it is imperative to closely assess and monitor vendor risk and performance due to increasing third-party risks, including sharing sensitive data and changing regulatory requirements
The dashboard module enhances inter-departmental collaboration and compliance by allowing users to easily share dashboards with other users or export them into formats like PowerPoint for Board and Management presentations. The sophisticated sharing and reporting tools ensure that enterprises can navigate complex vendor ecosystems with confidence, maintaining regulatory adherence and operational efficiency.
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“As we continue through 2024 and beyond, it is imperative to closely assess and monitor vendor risk and performance due to increasing third-party risks, including sharing sensitive data and changing regulatory requirements,” said James Hyde, CEO of Venminder. “It is also essential to have data that helps you determine if your third-party risk management program is operating effectively. This latest product release demonstrates our commitment to empowering customers with the tools they need to safeguard their operations against third-party risks and ensure long-term success.”
In addition to being fully customizable, customers will have access to pre-built dashboards with templates led by top third-party risk management experts. These templated dashboards provide ready-to-use, quick access for users who may not have the time or resources to configure their own dashboards. Customers can duplicate and modify visualizations from the pre-built templates, leveraging them as a starting point to tailor their risk management views to meet specific operational needs.