Fidesic vs. Precoro

My experience with Fidesic has been wonderful and it has helped to streamline our payables. We've been able to give our operations teams access in order for them to review their invoices instead of coming to the AP team to do the research.

Incentivized

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.

• OCR or Optical Character Recognition works better than anywhere else we have tried.
• Support is always available through chat or email and their support team is very responsive.
• Ease of access and use since the program is web-based.
• Easily integrates into our accounting software.
• Implementation was a dream and so easy.

Incentivized

• 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

• Would like to see ACH batches come across in the bank as separate transactions instead of one batch.
• Would like to be able to filter on multiple columns instead of just searching by one selection.
• Would like to be able to add our our ACH IDs vs having to submit them to be added.

Incentivized

• 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

Incentivized

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.

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.

PaperSave was a complete bust for us. Their OCR was terrible and never really worked. Their customer service was an abomination and we were hung up on by their trainer. GP just could not handle the volume of checks that we had and we were using a lot of MICR ink which became very expensive along with the amount of check stock we were using. Fidesic has streamlined all of that for us and allowed us to process bills and payments but not get bogged down in the stuffing of envelopes.

Incentivized

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.

Incentivized

• We have been able to implement ACH which cuts the costs of sending out checks
• We have been able to send checks through them instead of stuffing 10k+ envelopes a month.
• Questions to our staff have been cut in half.

Incentivized

• 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!