Compare Supplier and RiskRate - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - Supplier or RiskRate?

Supplier is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than Supplier (61/100). RiskRate offers users more features (2) than Supplier (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:

Intelex Technologies Vs. NAVEX Global

Intelex Technologies: Intelex has been developing, implementing and supporting software for Environmental, Health and Safety, and Quality management for over twenty years. Our worldwide client base of over 700 customers and 600,000 system users depend on our software to capture, track and report on essential corporate data.

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...

Who is more expensive? Supplier Management or RiskRate?

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 Supplier Management and RiskRate.

Supplier Management price starts at $45,000 per year , On a scale between 1 to 10 Supplier Management is rated 6, which is similar to the average cost of Vendor Management software. RiskRate price starts at $5,000 per year , When comparing RiskRate to its competitors, the software is rated 2 - much lower than the average Vendor Management software cost.

Bottom line: Supplier Management is more expensive than RiskRate.

Which software includes more/better features?

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

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

RiskRate: Customer Experience Management, Contact Management.

Target customer size

Supplier Management's typical customers include: Small, medium and large size businesses, and RiskRate's target customer size include: Small, medium and large size businesses.