Compare Suppliersoft and VendorInsight - Apr 2022

Shlomi LaviShlomi Lavi / Apr 06, 2022

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Bottom Line: Which is Better - Suppliersoft or VendorInsight?

VendorInsight is more expensive to implement (TCO) than Suppliersoft, and VendorInsight is rated higher (73/100) than Suppliersoft (58/100). Suppliersoft offers users more features (3) than VendorInsight (0).

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. Cost Management Performance Group

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...

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? Suppliersoft 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 Suppliersoft and VendorInsight.

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. VendorInsight accurate pricing info is available upon request (they don't share it publicly), however , 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.

Bottom line: VendorInsight is more expensive than Suppliersoft.

Which software includes more/better features?

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

Suppliersoft: Data Import/Export, Basic Reports, Online Customer Support.

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

Target customer size

Customers of the software include small and medium businesses as well as large enterprises. and VendorInsight'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.

VendorInsight

ITQlick rating
(4.5/5)

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.

Categories: Audit Management, Business performance management, Self-Service Portal, Vendor Managed Inventory, Strategic Sourcing.

Compare specifications

Compare features

Suppliersoft: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

VendorInsight: 0 Features

We are working to collect the information
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
VendorInsight
ITQlick rating
4.5/5
Score
73/100
Pricing
6/10
License pricing
Pricing not available
Functionality
5
SimpleVMS
ITQlick rating
4.9/5
Score
82/100
Pricing
4/10
License pricing
Pricing not available
Functionality
15
RiskRate
ITQlick rating
2.8/5
Score
77/100
Pricing
2/10
License pricing
$5,000 per year
Functionality
9
Latitude...
ITQlick rating
4.8/5
Score
75/100
Pricing
6/10
License pricing
Pricing not available
Functionality
19

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.