Basware AP Automation vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Basware AP Automation
Score 7.2 out of 10
N/A
Basware’s AI/ML-powered solution provides touchless invoice processing for organizations. Its artificial intelligence and machine learning functionality is available at every point in the process – from invoice receipt and routing to automated matching and coding – adding value by speeding up tasks and eliminating errors.N/A
Precoro
Score 9.5 out of 10
Mid-Size Companies (51-1,000 employees)
Precoro is a cloud-based solution for procurement process optimization. It aims to eliminate time-consuming manual procedures and human factor errors, and instead automates operations and centralizes purchasing processes. It enables users to: - Approve documents from any device using email or Slack notifications. Users can streamline approval workflow by adding as many steps as needed and assigning specific roles for colleagues. - To save money from the purchasing budget,…
$499
per month (billed annually)
Pricing
Basware AP AutomationPrecoro
Editions & Modules
No answers on this topic
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
Offerings
Pricing Offerings
Basware AP AutomationPrecoro
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Basware AP AutomationPrecoro
Considered Both Products
Basware AP Automation
Chose Basware AP Automation
The invoice recognition and automation is way better
Chose Basware AP Automation
I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years.
Chose Basware AP Automation
I like them both for different reasons.
Chose Basware AP Automation
I did not select Basware, so I do not know the alternatives.
Chose Basware AP Automation
I've used several other invoices processing systems and basware is by for the least complicated and easiest to use.
Chose Basware AP Automation
Basware was not my selection as I was not with the company at the time. It was easy to learn and we have maintained a good working relationship with Basware. It is a very good way to process the workflow of invoices from start to finish.
Precoro
Chose Precoro
Precoro is much easier to use and faster to implement than SAP Ariba, Coupa, or Oracle. It offers the right features without the complexity or high cost, helping us improve efficiency and control spend quickly.
Chose Precoro
To be honest, they were just more friendly
Chose Precoro
  • 14-day free trial.
  • The complete covering procurement cycle.
  • Handy spending visuals.
Chose Precoro
Best value for money, simple interface, custom fields, awesome sales and SCM team.
Chose Precoro
Cost-efficiency Intuitive for all employees Fast onboarding Unlimited custom fields Free trial Reliable Customer Support
Chose Precoro
Precoro is unique because it can be customizable from start to finish without needing to build in API. It is extremely easy to use and understand, so we did not need to give our employees extensive training as we did with Tradogram. Precoro also allowed us to communicate about …
Features
Basware AP AutomationPrecoro
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Basware AP Automation
8.2
Ratings
15% above category average
Precoro
-
Ratings
Automated Accounts Payable Processes8.20 Ratings00 Ratings
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Basware AP AutomationPrecoro
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User Ratings
Basware AP AutomationPrecoro
Likelihood to Recommend
8.2
(0 ratings)
9.5
(0 ratings)
Likelihood to Renew
5.4
(0 ratings)
-
(0 ratings)
Usability
8.6
(0 ratings)
10.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
Basware AP AutomationPrecoro
Likelihood to Recommend
Having the entire invoice life cycle in Basware is the optimal configuration. Currently, we have only ingestion and enrichment, and we rely on S4/Ariba for matching and approvals. There are certain vendors where their invoice format quality is less than optimal for Basware OCR, but Basware continues to work with those vendors to improve the capture rate and/or set them up as EDI.
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Budget tracking on expenditure by departments - Precoro assists with budget tracking on the total budget which is allocated to each department. If the budget has been exhausted an alert is made for exceptional approval to the budget.
Duplication of invoices. When a supplier bills us the same invoice twice, Precoro makes a notification that an invoice with the same number was already uploaded for payment.
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Pros
  • Basware is fast and reliable. Very rare down time during the time we've been using it.
  • Great support team. Our needs were addressed timely and efficiently.
  • Basware provides us with great customer service. We have had many modifications to our specific needs and Basware worked well with us for our customizations.
Read full review
  • Easy tracking of purchase orders with real-time status updates
  • 3-way matching of POs, invoices, and receipts to avoid errors
  • Built-in commenting to discuss requests and approvals right in the system
  • Responsive customer support with live chat — always helpful
  • Visual budgeting tools to track spending by department or project
  • Product catalog to standardize items across the company
  • Mobile-friendly approvals — approve requests from anywhere
  • Timely email and in-app notifications to avoid delays
  • Easy-to-use interface — no steep learning curve
  • Smooth onboarding and quick team adoption
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Cons
  • Once you cancel the document in "cancellation queue" it cannot be restored or viewed.
  • Sometimes but relatively rarely the program opens slowly.
  • In rare instances the program freezes and needs to be restarted.
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  • The "bundles" in Precoro are not actually bundles. I would like to connect 2 of our catalog items together so that when 1 is selected for purchasing, the other item is required
  • Sometimes the comments wont properly tag a person that we're trying to tag
  • More options to customize the approval workflow based on location
  • Ability to edit where we're buying an item from without having to deny the request
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Likelihood to Renew
We will continue using product and continue renewing as it is widely used product and it has been well adapted by users in our organization. The product is expensive but we will use it. Hopefully the product bugs will be fixed in future and they will provide more HA architecture feather for Basware.
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No answers on this topic
Usability
Because I now confidently use the parts of AP automation and can detect the improvement chances.
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At first glance it seemed to be rather difficult in use, but actually it turned out to be much easier [than] we thought. Thanks to the Precoro team we could go through the procurement workflow. Now with [the] right, user-friendly software partner, we are absolutely ready to meet all [our] company's needs.
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Support Rating
No answers on this topic
Precoro is a company, which makes great products for businesses. What is more, it is a team of professionals, who are always keep[ing] in touch with you. Thanks [to] Precoro, we easily go through procurement workflow and manage all of our POs in a couple of minutes. We had a great experience with the Precoro team which helped us with installation of the software.
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Alternatives Considered
I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years.
Read full review
Precoro is unique because it can be customizable from start to finish without needing to build in API. It is extremely easy to use and understand, so we did not need to give our employees extensive training as we did with Tradogram. Precoro also allowed us to communicate about orders right within the order itself, where the other software did not.
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Return on Investment
  • faster processing of invoices due to short step process
  • it's user friendly so not much training is needed to use the system
  • templates and favorites decreases time spent
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  • Our problem before implementing Precoro was a lot of manual tasks, from managing catalogs to creating reports. Now all related processes are in one place, and it's faster to create a purchase order, track it, and get products in time. Also, the overall visibility increased. We can see all purchases and their impacts on our budget. Reports is the most customizable module, so we can get the data we need. Thanks to our CSM for fast onboarding and help!
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ScreenShots

Precoro Screenshots

Screenshot of AI-powered OCRScreenshot of a Purchase Order: approval information, live budget information, and Supplier infoScreenshot of the configuration interfaceScreenshot of a view of the dashboardScreenshot of BudgetsScreenshot of the item catalog