Shlomi Lavi /
Apr 06, 2022
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Bottom Line: Which is Better - VendorRisk or VendorInsight?
VendorInsight is more expensive to implement (TCO) than VendorRisk, and VendorInsight is rated higher (73/100) than VendorRisk (58/100). VendorRisk 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:
SKEEY INTERACTIVE LLC Vs. Cost Management Performance Group
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.
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? VendorRisk 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 VendorRisk and VendorInsight.
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. VendorInsight accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 VendorRisk is rated 2, which is much lower than the average cost of Vendor Management software.
Bottom line: VendorInsight is more expensive than VendorRisk.
Which software includes more/better features?
We've compared VendorRisk Vs. VendorInsight based on some of the most important and required Vendor Management features.
VendorRisk: 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.