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UpGuard Vendor Risk vs. Venminder

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    UpGuard Vendor Risk

    Score10 out of 10
    N/AUpguard automates third party risk assessment workflows, and sends instant notifications about vendors’ security in one centralized dashboard with UpGuard’s Vendor Risk.N/A

    Venminder

    Score6 out of 10
    N/AVenminder in Elizabethtown boasts online software technology that can guide and streamline third-party risk management programs through critical processes. The software offers in-app service ordering of document collection and due diligence reviews.N/A
    Pricing
    UpGuard Vendor RiskVenminder
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    UpGuard Vendor RiskVenminder
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    User Ratings
    UpGuard Vendor RiskVenminder
    Likelihood to Recommend
    10.0
    (1 ratings)
    -
    (0 ratings)
    Usability
    9.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    UpGuard Vendor RiskVenminder
    Likelihood to Recommend
    UpGuard
    UpGuard Vendor Risk is great when we need a quick view of a vendor’s external security posture, especially during fast-paced onboarding. It’s also very useful for continuous monitoring with visibility into changes at Vendor's side without repeatedly chasing vendors for updates. The only scenario it is not very helpful, is small vendors / start ups that dont have an external footprint, but in that case the questionnaire's can be used.
    Incentivized
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    Venminder
    No answers on this topic
    Pros
    UpGuard
    • Helped us automate our vendor risk questionnaires
    • Helps us continuously monitor our high-risk vendors
    • All vendor risk data is in one place, organized by risk level, criticality, and status
    Incentivized
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    Venminder
    No answers on this topic
    Cons
    UpGuard
    • Integration with GRC systems, ticketing platforms could be stronger
    • More configurable dashboards will be helpful
    Incentivized
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    Venminder
    No answers on this topic
    Usability
    UpGuard
    It gives overall risk visibility into our supply chain
    Incentivized
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    Venminder
    No answers on this topic
    Alternatives Considered
    UpGuard
    We’ve evaluated other third-party security rating platforms, including those which focus heavily on questionnaires, self-assessments, and point-in-time reviews.
    UpGuard's usp is continuous monitoring and external risk visibility, automated questionnaires, which reduced our reliance on manual follow-ups. That said, most tools in this space still need to be complemented with internal reviews and contract-level risk assessments, depending on the vendor and use case.
    Incentivized
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    Venminder
    No answers on this topic
    Return on Investment
    UpGuard
    • reduce the time and effort spent on vendor due diligence
    • it has improved our ability to identify higher-risk vendors early and focus remediation efforts where they matter most, rather than treating all vendors the same
    • more informed risk decisions
    Incentivized
    Read full review
    Venminder
    No answers on this topic
    ScreenShots