RiskRate

RiskRate

NAVEX
+
+

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About

Effectively reduce risks with RiskRate by NAVEX, third-party risk management and compliance solution. RiskRate, a part of the NAVEX One platform, enables users to monitor vendor due diligence to avoid and reduce high risks. With RiskRate, users are able to conduct third-party background checks. RiskRate also provides users with a risk management program with centralized onboarding, screening, and third-party monitoring features.

About

Vendorapp is a powerful, fully automated vendor and supplier risk management platform that unifies vendor discovery, continuous risk assessment, contract lifecycle management, compliance onboarding, and strategic reporting into a single, intuitive interface. With one-click vendor assessments, Vendorapp Intelligence conducts real-time checks for sanctions, blacklists, ESG criteria, security posture, exposure risks, contract access, and more, powered by the largest global screening lists and a 22 million-vendor asset repository. Users can instantly search by name or URL, add preferred vendors, and receive smart alerts for upcoming expiries, cancellations, or breaches through a dynamic contract calendar. Automated smart assessments balance risk mitigation with operational efficiency, while smart contract management extracts key terms, type, value, renewal, and cancellation deadlines from uploaded agreements.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Caters to a wide range of organization sizes and verticals that include government, retail, healthcare, pharmaceutical, life sciences, energy, banking, finance, and manufacturing.

Audience

Procurement, vendor risk, and supply-chain teams wanting a solution to automate vendor discovery, risk assessments, contract management, and compliance reporting

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

$5000.00/year
Free Version
Free Trial

Pricing

$149 per month
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 5.0 / 5
ease 4.5 / 5
features 3.0 / 5
design 4.5 / 5
support 4.0 / 5

Pros & Cons from Real Users

Pros

  • Clean interface that actually makes sense from day one. Centralises all your vendor contracts, renewal dates and risk flags in one place — no more spreadsheets held together by hope. Saves real time when you're prepping for SOC2 or an audit and need to show you actually know who your vendors are and what access they have.
  • Understand a vendors inherent risk in 10 seconds. Beautiful user experience and ease of use. Includes sanction screening in the assessment. Contract management is also automated and can read contracts and pull the required information.

Cons

  • Still early-stage so some features are maturing. If you're a large enterprise expecting deep legacy integrations on day one, give it a few months.
  • It is newly launched new features are still being released.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

NAVEX
Founded: 2004
United States
www.navex.com/en-us/products/navex-ethics-compliance/riskrate-third-party-screening-monitoring/

Company Information

Vendorapp
Founded: 2024
United Kingdom
www.vendorapp.co

Alternatives

1Exiger

1Exiger

Exiger

Alternatives

Vendor360

Vendor360

CENTRL
Riskpro

Riskpro

Riskpro India
Aravo

Aravo

Aravo Solutions

Categories

Categories

Vendor Management Features

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Integrations

Moody's Analytics
NAVEX One
Rayven

Integrations

Moody's Analytics
NAVEX One
Rayven
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