Compare RiskRate and FinancialForce HCM - Mar 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - RiskRate or FinancialForce HCM?

FinancialForce HCM is more expensive to implement (TCO) than RiskRate, and FinancialForce HCM is rated higher (92/100) than RiskRate (77/100). FinancialForce HCM offers users more features (5) than RiskRate (2).

Looking for the right Vendor Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

NAVEX Global Vs. Financial Force

NAVEX Global: We believe that people deserve to have a meaningful experience at work both in terms of the work they do and how they feel valued as a person. NAVEX Global believes what we do is important and while we are proud of the difference we make for our clients, we are even more proud of the priority we place on people and the culture we are building toget...

Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...

Who is more expensive? RiskRate or FinancialForce HCM?

The real total cost of ownership (TCO) of Vendor Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for RiskRate and FinancialForce HCM.

RiskRate price starts at $5,000 per year , On a scale between 1 to 10 RiskRate is rated 2, which is much lower than the average cost of Vendor Management software. FinancialForce HCM price starts at $9,000 per year , When comparing FinancialForce HCM to its competitors, the software is rated 2 - much lower than the average Vendor Management software cost.

Bottom line: RiskRate cost is around the same cost of FinancialForce HCM.

Which software includes more/better features?

We've compared RiskRate Vs. FinancialForce HCM based on some of the most important and required Vendor Management features.

RiskRate: Customer Experience Management, Contact Management.

FinancialForce HCM: HR Management, Payroll, Performance Record, Recruiting, Timesheet.

Target customer size

RiskRate's typical customers include: Small, medium and large size businesses, FinancialForce HCM is best for SMBs engages in several industries, including pharmaceuticals, accounting, legal, advertising, insurance, automotive, hospitality, banking, healthcare, broadcasting, engineering, business process outsourcing, e-commerce, and engineering.