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Risk Ledger

Risk Ledger provides the tools to run and respond to cyber security-led, third-party risk management programmes at scale and at speed using our innovative network model.

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How much does Risk Ledger cost?

When negotiating with Risk Ledger, focus on the company's unique selling points, such as their innovative network model for cybersecurity and third-party risk management. They position themselves as a leader in the space with a strong emphasis on real-time insights and supplier collaboration, which can significantly enhance your security posture. Highlighting your need for these features may help in justifying your budget and negotiating a favorable deal.Additionally, consider discussing potential savings based on their proposed price of 67,646.85 and the average contract value of about 33,823.43. Since you have already engaged with them through two transactions totaling 67,646.85, you might leverage this existing relationship to negotiate a better rate or additional features at no extra cost. Be prepared to discuss your previous experiences and how they could enhance your future engagements.Lastly, keep in mind that understanding their fiscal year end and purchase cycles can provide leverage during negotiations. Targeting the best months to buy, typically the end of their fiscal quarter or year, may yield better pricing or discounts.
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How does Risk Ledger price and package their products?
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Standard
Not AvailablePricing ModelSubscriptionBillingMonthly/YearlyTerm LengthAnnualPopular FeaturesNetwork Model for Supplier Collaboration

Negotiating with Risk Ledger

Negotiation Tips

Leveraging offers from alternative suppliers can significantly improve your negotiating position. In this situation, you can highlight lower quotes or better terms from competitors while maintaining that your preference is for Risk Ledger's solution, contingent on matching those price points. This will pressure them to offer you a competitive deal or reaffirm the unique value they bring.
During the contract negotiations, push for the removal of any proposed price uplift. Given that organizations are typically sensitive to budget impacts, emphasize that you were not expecting an uplift based on previous agreements or market standards. If you maintain a steady or even reduced usage profile, this tactic is likely to yield positive results.
Express the necessity for removing auto-renewal clauses as a standard requirement from your finance or legal teams. This adds flexibility to your contract management and prevents potential issues with unplanned renewals. Highlight that removing auto-renewal is essential for transparency in financial planning and control.
Offering to partake in a case study or provide a testimonial can serve as a valuable trade-off for a reduced price. Suppliers value such endorsements, and this could lead to negotiations for a more favorable agreement based on their need for social proof in the industry.
In the context of potential scope increases, emphasize your organization's growth trajectory and the associated requirement for a pricing structure that accounts for higher user numbers. By negotiating better unit economics based on user growth, you can secure more favorable pricing agreements.

Considerations when buying Risk Ledger

OwnershipRisk Ledger is a private company.
Fiscal year endDecember 31
Best months to buyDecember, January
Payment TermsNet 30, Net 60
Upgrades/downgradesRisk Ledger only offers upgrades for its services.
Redline thresholdRedline threshold estimate is $50k.

Additional Info

What is Risk Ledger?

Risk Ledger provides the tools to run and respond to cyber security-led, third-party risk management programmes at scale and at speed using our innovative network model.
Risk Ledger's 1 Product
Risk Ledger
Risk Ledger provides the tools to run and respond to cyber security-led, third-party risk management programmes at scale and at speed using our innovative network model.

Security and compliance

DPA available
SOC2 attestation
Annual penetration tests

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