Compare RiskRate and Suppliersoft - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - RiskRate or Suppliersoft?

Suppliersoft is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than Suppliersoft (58/100). Suppliersoft offers users more features (3) 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. Suppliersoft

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...

Suppliersoft: SupplierSoft, a pioneer in cloud-computing based Supplier Relationship Management (SRM) solutions, helps companies automate any and all supplier-facing business processes. SupplierSoft solution suite includes Environmental Compliance (RoHS/REACH), Procure-To-Pay, Supplier Risk Management, Supplier Contract Management, Corrective and Preventive Acti...

Who is more expensive? RiskRate or Suppliersoft Procure-To-Pay?

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 Suppliersoft Procure-To-Pay.

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. Suppliersoft Procure-To-Pay price starts at $5 per month , When comparing Suppliersoft Procure-To-Pay to its competitors, the software is rated 4 - lower than the average Vendor Management software cost.

Bottom line: Suppliersoft Procure-To-Pay is more expensive than RiskRate.

Which software includes more/better features?

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

RiskRate: Customer Experience Management, Contact Management.

Suppliersoft Procure-To-Pay: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

RiskRate's typical customers include: Small, medium and large size businesses, Customers of the software include small and medium businesses as well as large enterprises.