Shlomi Lavi /
Mar 03, 2022
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Bottom Line: Which is Better - VendorRisk or RiskRate?
VendorRisk is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than VendorRisk (58/100). VendorRisk 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:
SKEEY INTERACTIVE LLC Vs. NAVEX Global
SKEEY INTERACTIVE LLC: Founded in 1999, Skeey Interactive has designed & developed websites and web applications for some of the best known companies & brands in the world.In late 2009, we launched our first product — VendorRisk. VendorRisk is web-based software that helps companies organize their vendor-related information.
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? VendorRisk 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 VendorRisk and RiskRate.
VendorRisk price starts at $1,500 per user/year , On a scale between 1 to 10 VendorRisk 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: VendorRisk cost is around the same cost of RiskRate.
Which software includes more/better features?
We've compared VendorRisk Vs. RiskRate based on some of the most important and required Vendor Management features.
VendorRisk: 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.