Shlomi Lavi /
Mar 03, 2022
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Bottom Line: Which is Better - Tradeshift or RiskRate?
Tradeshift is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than Tradeshift (59/100). Tradeshift 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:
Tradeshift Vs. NAVEX Global
Tradeshift: Modern business is broken. On one hand, growing companies who want to focus on doing what they love are plagued by user-unfriendly and time-consuming solutions for essential tasks like invoicing and payments. On the other, enterprises striving for a more efficient digital future find themselves compromising when partners aren’t ready, willing or ab...
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? Tradeshift 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 Tradeshift and RiskRate.
Tradeshift price starts at $499 per license , On a scale between 1 to 10 Tradeshift 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: Tradeshift cost is around the same cost of RiskRate.
Which software includes more/better features?
We've compared Tradeshift Vs. RiskRate based on some of the most important and required Vendor Management features.
Tradeshift: Data Import/Export, Basic Reports, Online Customer Support.
RiskRate: Customer Experience Management, Contact Management.
Target customer size
The software is a viable product for business of all sizes, with more than 50,000 companies using it worldwide. and RiskRate's target customer size include: Small, medium and large size businesses.