Compare VectorVMS and RiskRate - May 2022

Shlomi Lavi

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Bottom Line: Which is Better - VectorVMS or RiskRate?

VectorVMS is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than VectorVMS (63/100). RiskRate offers users more features (2) than VectorVMS (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:

VectorVMS Vs. NAVEX Global

VectorVMS: Get end-to-end visibility and control over your contingent workforce with a flexible VMS that is quick to implement and easy to use. Automate and streamline your processes and get your critical workforce data out of email and spreadsheets.

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? VectorVMS 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 VectorVMS and RiskRate.

VectorVMS accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 VectorVMS is rated 6, which is similar to 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: VectorVMS is more expensive than RiskRate.

Which software includes more/better features?

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

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

RiskRate: Customer Experience Management, Contact Management.

Target customer size

VectorVMS's typical customers include: SMBs, and RiskRate's target customer size include: Small, medium and large size businesses.