Compare Suppliersoft and RiskRate - Mar 2022

Shlomi LaviShlomi 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.

Suppliersoft

ITQlick rating
(3.5/5)

starts at $5 per month

SupplierSoft Procure-To-Pay is a web based supplier and procurement management solution for businesses of all sizes. Its capabilities include lead time management, invoicing, quote management, and others. The s...

Categories: Accounting & Finance, Core Accounting, Team Collaboration.

RiskRate

ITQlick rating
(2.8/5)

starts at $5,000 per year

RiskRate is a growing cloud-based Supply Chain software, it is designed to support small, medium and large size business. RiskRate received a rating of 2.5 from ITQlick team. The software cost is considered aff...

Categories: Audit Management, Customer Loyalty, Self-Service Portal, Vendor Managed Inventory, Supplier Management.

Compare specifications

Compare features

Suppliersoft: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

RiskRate: 2 Features

Customer Experience Management
Contact Management
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Supplier...
ITQlick rating
3.5/5
Score
58/100
Pricing
4.6/10
License pricing
$5 per month
Functionality
6
Compare
RiskRate
ITQlick rating
2.8/5
Score
77/100
Pricing
2/10
License pricing
$5,000 per year
Functionality
9
SimpleVMS
ITQlick rating
4.9/5
Score
82/100
Pricing
4/10
License pricing
Pricing not available
Functionality
15
Latitude...
ITQlick rating
4.8/5
Score
75/100
Pricing
6/10
License pricing
Pricing not available
Functionality
19
VendorInsight
ITQlick rating
4.5/5
Score
73/100
Pricing
6/10
License pricing
Pricing not available
Functionality
5

Auditor - Shlomi Lavi

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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.