Compare PostRFP and RiskRate - Nov 2022

Shlomi Lavi

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Bottom Line: Which is Better - PostRFP or RiskRate?

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:

SupplierSelect Vs. NAVEX Global

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...

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? PostRFP 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 PostRFP and RiskRate.

PostRFP price starts at $500 per license , On a scale between 1 to 10 SupplierSelect is rated 2, which is much lower than 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: PostRFP cost is around the same cost of RiskRate.

Which software includes more/better features?

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

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

RiskRate: Customer Experience Management, Contact Management.

Target customer size

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