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Procol has proven to be a valuable tool for users, delivering significant savings and improved work transparency. One of the key use cases …
Overview
What is Procol?
Procol is building an all-in-one digital procurement platform as a single place for live auctions, collaboration, and intelligent insights.
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What is Procol?
Procol is building an all-in-one digital procurement platform as a single place for live auctions, collaboration, and intelligent insights.
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- No setup fee
For the latest information on pricing, visithttp://www.procol.in
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Product Demos
Gary Brooker The Demo That Got the Deal (tm) for Procol Harum, Interview by Joe Viglione
YouTube
Procol Harum Demo
YouTube
Pioneer PL-115D Vintage Turntable Demo Playing Procol Harum - A Salty Dog
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Product Details
- About
- Competitors
- Tech Details
What is Procol?
Procol is building an all-in-one digital procurement platform — a single place for live auctions, collaboration, and intelligent insights.
Procol is a procurement service provider, covering all aspects of procurement from source to pay - from strategic sourcing to managing indirect spends. The vendor states that Procol enables companies to get better commodity prices through competitive bidding, digitize, streamline and automate their procurement processes, directly connect with suppliers, and maintain complete transparency and visibility, helping them make efficient and effective buying decisions.
Procol is a procurement service provider, covering all aspects of procurement from source to pay - from strategic sourcing to managing indirect spends. The vendor states that Procol enables companies to get better commodity prices through competitive bidding, digitize, streamline and automate their procurement processes, directly connect with suppliers, and maintain complete transparency and visibility, helping them make efficient and effective buying decisions.
Procol provides fast-track reporting with custom reports along with vendor performance analytics and the ability to move sourcing activities out of the inbox and into a centralized structure. Also, seamless bid management help in creating RFPs, RFQs, and RFIs in one place.
Procol Features
- Supported: Transparency
- Supported: Traceability
- Supported: Centralisation
- Supported: Spend Analysis
- Supported: In-built MIS Report Generation
- Supported: Price Discovery
- Supported: PO Processing
- Supported: Audit Trails
- Supported: Purchase Risk Analysis
- Supported: Customisable Dashboard
- Supported: Mobile Access for stakeholders
- Supported: Single Place Purchase Data Repository
- Supported: Top Down Management Control
- Supported: Auctions
- Supported: RFQs
- Supported: Contract Management
- Supported: Purchase History with Negotiation Trail
- Supported: Order Tracking
Procol Screenshots
Procol Videos
Client Success Story
Client Success Story
Procol Competitors
Procol Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Android |
| Supported Languages | English, Hindi |
Procol Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 10% |
| Mid-Size Companies (51-500 employees) | 10% |
| Enterprises (more than 500 employees) | 80% |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Procol has proven to be a valuable tool for users, delivering significant savings and improved work transparency. One of the key use cases of Procol is conducting online auctions for various categories, including indirect, Capex, and services. Users have reported experiencing friendly competition and no noticeable differences when working with the same sellers. This has allowed them to achieve the best possible rates for their purchases. With Procol's automation process, users have saved a significant amount of time, around 25 man-days. Additionally, Procol has brought transparency to vendor selection and increased negotiating power for users. The software facilitates sourcing and management of events on a daily basis, streamlining processes such as faster PR to PO, quick order creations, negotiations, and audit purposes. Procol also supports cost optimization through RFQ and reverse auctioning on its app, allowing users to benefit from cost savings and efficiency. Overall, Procol's key features, including sourcing automation, cost reporting, consolidation of spends, and the discovery of new vendors, have made it a valuable resource in improving business process outcomes, ensuring spend compliance, and automating sourcing activities.
Smooth Bidding Process: Multiple users have mentioned that the bidding management in the mobile app is incredibly easy, with a simple click of a button. They have expressed that bidding has never been so convenient before.
Highly User-Friendly: The auction software has been praised by several users for its flexibility and user-friendly interface. Customers appreciate how easily they can navigate through the software and adapt it to their specific needs.
Efficient Supplier Management: Users appreciate having all sellers under one roof, making it easier to find and purchase products efficiently. This centralized system saves time and provides convenience for buyers. Overall, these positive reviews highlight the smooth bidding process, user-friendly interface, and efficient supplier management as key strengths of Procol's auction software.
Flexibility in Bidding Offers: Several users have expressed the need for more flexibility in bidding offers and have been disappointed when they were not qualified due to minor differences. They feel that the current system restricts their ability to customize bids according to their specific requirements.
Frontal Look and Feel of Software: The frontal look and feel of the software has received criticism from some users. They suggest making small changes to the UI, improving colors, and dashboards to enhance the overall user experience.
Difficulty Approving Rates on App: Many users have reported difficulties in approving rates on the app. They would like the option to approve rate changes on the web instead, as it would provide them with greater convenience and ease of use.
Users have made several recommendations based on their experience with Procol. The most common recommendations include the following:
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Procol is a great starting point for organizing sourcing, especially for companies that scale fast or have multiple locations with a high number of SKUs. Users find that Procol effectively helps them manage their procurement processes in complex environments.
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Many users praise Procol's pricing, stating that it is well-priced and provides better ROI results compared to other procurement software options. This cost-effectiveness is seen as an advantage, especially for medium to large enterprises looking for a solution that offers significant savings.
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Users appreciate the ease of use and navigation in Procol. They find the platform intuitive and user-friendly, allowing them to quickly adapt to the system and efficiently carry out their procurement tasks. Additionally, the excellent support provided by Procol is highlighted as a valuable aspect by many users.
Overall, these recommendations suggest that Procol is a valuable tool for companies in need of efficient and transparent procurement processes, particularly those dealing with complex sourcing requirements or looking to achieve significant cost savings.