Shlomi Lavi /
Mar 03, 2022
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Bottom Line: Which is Better - Suppliersoft or RiskRate?
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:
Suppliersoft Vs. NAVEX Global
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...
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? Suppliersoft 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 Suppliersoft and RiskRate.
Suppliersoft price starts at $5 per month , On a scale between 1 to 10 Suppliersoft Procure-To-Pay is rated 4, which is 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: Suppliersoft is more expensive than RiskRate.
Which software includes more/better features?
We've compared Suppliersoft Vs. RiskRate based on some of the most important and required Vendor Management features.
Suppliersoft: Data Import/Export, Basic Reports, Online Customer Support.
RiskRate: Customer Experience Management, Contact Management.
Target customer size
Customers of the software include small and medium businesses as well as large enterprises. and RiskRate's target customer size include: Small, medium and large size businesses.