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 Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

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 Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

$5000.00/year
Free Version Not Supported
Free Trial Supported

Pricing

$149 per month
Free Version Supported
Free Trial Not Supported

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 4.3 / 5
features 3.3 / 5
design 4.7 / 5
support 4.0 / 5

Pros & Cons from Real Users

Pros

  • Vendorapp is an excellent tool. no need for questionnaires. The whole assessment is completed in seconds.Just upgraded from the free to the startup plan.
  • 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

  • Honestly, nothing. I wish I had found Vendorapp sooner.
  • 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 Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

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

Riskpro

Riskpro

Riskpro India
Vendor360

Vendor360

CENTRL
Aravo

Aravo

Aravo Solutions

Categories

Categories

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory Not Supported
Vendor Performance Rating Supported
Vendor Qualification Tracking Supported

Integrations

Moody's Analytics Supported
NAVEX One Supported
Rayven Supported

Integrations

Moody's Analytics Not Supported
NAVEX One Not Supported
Rayven Not Supported
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