Compare RiskRate and VendorInsight - Apr 2022
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Bottom Line: Which is Better - RiskRate or VendorInsight?
VendorInsight is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than VendorInsight (73/100). RiskRate offers users more features (2) than VendorInsight (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. Cost Management Performance Group
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...
Cost Management Performance Group: Contract management, monitoring and alerting ensure you never miss critical contract dates. Risk assessment templates give you proven, reliable and accurate vendor risk assessments every time. Automatic vendor performance reviews and included vendor monitoring for important things like news, regulatory actions, lawsuits, social media, and custom...
Who is more expensive? RiskRate or VendorInsight?
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 VendorInsight.
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. VendorInsight accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 RiskRate is rated 2, which is much lower than the average cost of Vendor Management software.
Bottom line: VendorInsight is more expensive than RiskRate.
Which software includes more/better features?
We've compared RiskRate Vs. VendorInsight based on some of the most important and required Vendor Management features.
RiskRate: Customer Experience Management, Contact Management.
VendorInsight: We are still working to collect the list of features for VendorInsight.
Target customer size
RiskRate's typical customers include: Small, medium and large size businesses, and VendorInsight's target customer size include: Small, medium and large size businesses.
VendorInsight
VendorInsight is a supply chain management software designed in a web-based format primarily to assist banks, financial firms, and credit unions with risk assessment as well as contract management.
PriceDemoCompare specifications
RiskRate Specifications
ITQlick Score: | 77/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Vendor Management -> RiskRate review |
Company: | NAVEX Global |
Pricing: | starts at $5,000 per year |
Typical customers: | Small, medium and large size businesses |
Platforms: | Desktop, Mobile, Cloud |
Links: | RiskRate review, RiskRate pricing, RiskRate alternatives |
VendorInsight Specifications
ITQlick Score: | 73/100 |
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ITQlick Rating: |
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Pricing: | 6/10 - average cost |
Category: | Vendor Management -> VendorInsight review |
Company: | Cost Management Performance Group |
Typical customers: | Small, medium and large size businesses |
Platforms: | Cloud |
Links: | VendorInsight review, VendorInsight pricing, VendorInsight alternatives |
Compare features
RiskRate: 2 Features
VendorInsight: 0 Features
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.