VendorRisk Review - why 4.2 stars?

VendorRisk Review
ITQlick Score: 58/100
ITQlick Rating:
Pricing: 3/10 - low cost
Category: Vendor Management -> VendorRisk review
Ranking:Ranked 10 out of 12 Vendor Management systems
Company: SKEEY INTERACTIVE LLC
Pricing: starts at $1,500 per user/year
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Cloud
Links: VendorRisk pricing, VendorRisk alternatives
Shlomi LaviShlomi Lavi / updated: Oct 30, 2019

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What is VendorRisk?

VendorRisk is a web based IT asset and vendor management solution for businesses of all sizes. It also offers contract management, risk management, incident tracking, and other capabilities. The software was designed and launched by Skeey Interactive LLC headquartered in Massachusetts, United States.

Who is it best for?

Customers of the software include small and medium businesses as well as large enterprises. Major industries where it can be deployed include retail and wholesale, automation and manufacturing, transport and delivery services, financial services, and others. Some notable clients of the software include New American Funding, Bayview Loan Servicing, and others.

Main features and functionalities

The software maintains a comprehensive vendor database with status and address info for all vendors. Unlimited contacts can be maintained per vendor and 3rd party and insurance documents can be uploaded when required. The software also offers compliance management capabilities of contract management, renewal alerts, and software monitoring.

VendorRisk keeps track of contract termination dates and generates multiple reminders before termination. It also offers vendor incident tracking and determines if the incident breaches the contract’s SLA. Other important capabilities include vendor selection management, service and IT management, supplier qualification, supplier risk management, customizable reporting, and others.

What is the actual cost?

The cost of license starts at $1,500 per user/year. ITQlick pricing score is 3 out of 10 (10 is most expensive). Access ITQlick pricing guide for VendorRisk.

How it stacks up?

Access a head to head analysis of VendorRisk vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
VendorRisk
ITQlick rating
4.2/5
Score
58/100
Pricing
3/10
License pricing
$1,500 per user/year
Functionality
6
Compare
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
VendorInsight
ITQlick rating
4.5/5
Score
73/100
Pricing
6/10
License pricing
Pricing not available
Functionality
5

Frequently Asked Questions (FAQs)

Is it the best Vendor Management system?

VendorRisk is ranked 10 out of 12 software in their category (Vendor Management systems).

How they are rated on ITQlick?

The rating of VendorRisk is 4.2 stars out of 5 and the total score is 58 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, VendorRisk makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently VendorRisk can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between VendorRisk and alternatives?

The most popular alternatives to VendorRisk in 2024: SimpleVMS, RiskRate, Latitude WMS, VendorInsight, PostRFP. Access the complete competitors analysis here - VendorRisk VS Vendor Management Software alternatives.

List of categories

Contract Management
Document Management
IT Asset Management

List of features

Data Import/Export
Basic Reports
Online Customer Support

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.