For Immediate Release
August, 2024
Morristown, NJ – ISS Group (ISSG), a long-standing member of the QAD community recognized for delivering Procure to Pay (P2P) and Process Improvement Solutions via their Data-Driven Approval Routing and Workflow technology, is excited to announce a strategic partnership with Venminder, a leader in Third-Party Risk Management (TPRM) services.
This partnership will enhance the ISSG P2P Solution Suite providing a seamless blend of ISSG’s proven P2P solutions with Venminder’s expertise in Supplier Risk Assessments and Supplier Monitoring services, ensuring that Clients not only streamline their procurement processes but also maintain stringent risk management controls.
Venminder, trusted by over 1,200 organizations, excels in delivering thorough risk assessments on supplier controls. These assessments cover critical areas such as information security, SOC reports, contract compliance, financial stability, and business continuity/disaster recovery plans. Their ongoing supplier monitoring services provide continuous oversight, alerting customers to any changes that could potentially affect their business operations.
Andy Weinstein, CEO of ISSG, explains the strategic importance of this partnership:
“The collaboration between ISSG and Venminder creates a perfect synergy. Our solutions are designed to facilitate efficient supplier transactions, and by incorporating Venminder’s Supplier Risk Assessment and Monitoring services, we add a vital layer of security and compliance to our offerings.
In today’s security conscious business environment, the ability to manage and mitigate third-party risks is crucial. With Venminder’s advanced TPRM services, our clients can proactively address potential risks, ensuring smooth and secure supplier relationships.”
Adam Wyrick, Venminder Enterprise Sales Director states:
“Quickly in our first meeting it became obvious that ISS Group and Venminder share common DNA wanting the best experience and outcome for our customers. We are tremendously excited to see how our shared vision and complementary offerings can benefit the QAD community.”
Explore the New Third-Party Risk Management Section of our iDiscovery Library….!
For more information about ISS Group and Venminder, visit www.ISSGroup.com and www.Venminder.com.
