GEP Quantum Intelligence vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
GEP Quantum Intelligence
Score 9.0 out of 10
Enterprise companies (1,001+ employees)
GEP Quantum Intelligence (Qi) is a procurement orchestration platform that utilizes a multi-agent system to automate and manage end-to-end procurement and supply chain workflows across disparate enterprise resource planning (ERP) environments.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
GEP Quantum IntelligencePrecoro
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
GEP Quantum IntelligencePrecoro
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
GEP Quantum IntelligencePrecoro
Considered Both Products
GEP Quantum Intelligence
Chose GEP Quantum Intelligence
We've not came across any other products like GEP SMART
Chose GEP Quantum Intelligence
No comments.I didn't make the purchasing decision.
Chose GEP Quantum Intelligence
We have used or evaluated Coupa and SAP Ariba primarily.
Chose GEP Quantum Intelligence
We have competitively bid to select GEP and based on the evaluation criteria and pricing proposed, we felt that GEP had the most potential and willingness to work with us. In terms of functionality, I personally think Ariba and Jaggaer have more mature products, but many of …
Chose GEP Quantum Intelligence
We explored and assessed a few other supply management operating systems, and GEP SMART provided the best value for us.
Chose GEP Quantum Intelligence
We selected GEP SMART for its ability to offer a full end-to-end integrated source-to-pay solution, pricing, and ease of use. There was an implementation series offered by GEP, as well as flexibility, customization, account management team dedication, and the overall service …
Chose GEP Quantum Intelligence
At the time of selection, about 4 years ago, GEP offered the best balance of usability, functionality, cost, and partnering for our needs. Since then we have re-evaluated the market and there are now other vendors that offer a better mix, together with a superior innovation …
Chose GEP Quantum Intelligence
When we have evaluated other spending solutions providers, we always select GEP in the end due to the excellent customer service and support that we get from the Technical Team.
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 …
Best Alternatives
GEP Quantum IntelligencePrecoro
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.5 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Enterprises
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
GEP Quantum IntelligencePrecoro
Likelihood to Recommend
7.3
(0 ratings)
9.5
(0 ratings)
Likelihood to Renew
7.3
(0 ratings)
-
(0 ratings)
Usability
7.3
(0 ratings)
10.0
(0 ratings)
Performance
6.8
(0 ratings)
-
(0 ratings)
Support Rating
8.0
(0 ratings)
10.0
(0 ratings)
Implementation Rating
7.3
(0 ratings)
-
(0 ratings)
User Testimonials
GEP Quantum IntelligencePrecoro
Likelihood to Recommend
GEP SMART is well suited to equip procurement professionals to manage multiple RFx's at one point in time and help provide structure to the process. If an organization has an existing ERP and they want to acquire GEP SMART as a bolt-on, then integration is key. If there is any customization then it is more difficult to take advantage of the latest upgrades.
Read full review
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.
Read full review
Pros
  • The customer service level is incomparable to any other software providers I work with. The GEP Technical Team is very supportive and flexible.
  • The GEP Team takes enhancement requests seriously and always tries to further develop/enhance the tool, especially with small requests from users.
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
Read full review
Cons
  • Our organization has yet to take advantage of upgrading to the latest version of GEP SMART. The version that we are on does not make use of the full screen for the different internal windows and pop-up windows. I find it cumbersome to scroll left-right and up-down on the smaller windows when there is much real-estate on the screen that could optimize the user interface.
  • GEP SMART provides technical support but our vendors seem to have some difficulty logging in to their profiles and updating their information. Occasionally, the salesperson delegates to another internal member so we'll have to set up the new member with their log in.
  • The digital signature process requires that the signers of the agreement be defined before the agreement is routed for approval. Sometimes our vendors have a pool of signers that could sign the agreements and it can become a small challenge to change the signers after it has already been defined in GEP SMART.
Read full review
  • 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
Read full review
Likelihood to Renew
The tool is fantastic, but we are investigating a broader spend management solution at the moment which may mean we look in a different direction for this capability, most likely internally developed.
Read full review
No answers on this topic
Usability
The application is highly usable, but there are some parts of the design that could be improved such as the layout and scaling on the pages, the amount of unused white space within the interface, and the consistency of the interface between modules.
Read full review
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.
Read full review
Performance
The performance of the GEP SMART platform overall has been excellent. We do not hear complaints about system performance and have not experienced any slowdowns in adjacent systems due to the GEP implementation. Of all the (largely self-inflicted) change management challenges we've dealt with, system performance and platform reliability have not been on the list of concerns.
Read full review
No answers on this topic
Support Rating
The support team is responsive, smart, and knowledgeable about their product and about our business needs. They are also flexible to respond to questions and find solutions to our requirements.
Read full review
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.
Read full review
Implementation Rating
Although we had encountered many bugs, GEP was able to address them quickly, and sent a technical person to sit in our hands-on training sessions to address bugs efficiently
Read full review
No answers on this topic
Alternatives Considered
We selected GEP SMART for its ability to offer a full end-to-end integrated source-to-pay solution, pricing, and ease of use. There was an implementation series offered by GEP, as well as flexibility, customization, account management team dedication, and the overall service and support.
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.
Read full review
Return on Investment
  • GEP SMART has improved our spend analytics speed by allowing analysis to be completed in minutes compared to days when we previously used Excel spreadsheets.
  • The SMART Sourcing (RFX) solution has greatly improved the consistency of our supplier quoting and information gathering process.
Read full review
  • 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!
Read full review
ScreenShots

GEP Quantum Intelligence Screenshots

Screenshot of Landing PageScreenshot of Create Tasks and DocumentsScreenshot of Manage TasksScreenshot of Analytical ReportsScreenshot of Savings Projects - Tracking ResultsScreenshot of Spend Dashboard

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