Compare RiskRate and PostRFP - Nov 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 PostRFP?

PostRFP is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than PostRFP (70/100). RiskRate offers users more features (2) than PostRFP (0). There is a clear winner in this case and it is RiskRate!

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. SupplierSelect

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...

SupplierSelect : Established in 2006 to address the need for more structured RFP processes in the banking sector, SupplierSelect has subsequently grown to cover a wide range of industries & purchase categories around the world. SupplierSelect is used in Government, Healthcare, Hospitality, Aerospace and Financial Services sectors for procurement, vendor evaluat...

Who is more expensive? RiskRate or SupplierSelect?

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 SupplierSelect.

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. SupplierSelect price starts at $500 per license , When comparing SupplierSelect 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 SupplierSelect.

Which software includes more/better features?

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

RiskRate: Customer Experience Management, Contact Management.

SupplierSelect: We are still working to collect the list of features for SupplierSelect.

Target customer size

RiskRate's typical customers include: Small, medium and large size businesses, Customers of the software include businesses of all sizes.