MileIQ vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MileIQ
Score 9.6 out of 10
N/A
MileIQ provides automatic mileage tracking for deductions and expenses. It can be used by self-employed workers looking for a mileage deduction or large companies that want to get a handle on mileage expenses reports, and is presented as automatic, easy and accurate, by the company of the same name in San Francisco.
$50
per year per driver
Precoro
Score 9.4 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,…
$5,988
per year
Pricing
MileIQPrecoro
Editions & Modules
Teams Lite
$50
per year per driver
MileIQ
$59.99
per year for individual use
Teams Pro
$100
per year per driver
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
Offerings
Pricing Offerings
MileIQPrecoro
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MileIQPrecoro
Features
MileIQPrecoro
Expense Management
Comparison of Expense Management features of Product A and Product B
MileIQ
9.9
2 Ratings
18% above category average
Precoro
-
Ratings
Employee Expense Reporting9.92 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
MileIQ
9.3
1 Ratings
15% above category average
Precoro
-
Ratings
Customizable Approval Policies9.01 Ratings00 Ratings
Financial Document Management9.01 Ratings00 Ratings
Payment Audit Trail10.01 Ratings00 Ratings
Advanced OCR9.01 Ratings00 Ratings
Best Alternatives
MileIQPrecoro
Small Businesses
Dext
Dext
Score 9.7 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 9.0 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.4 out of 10
Esker
Esker
Score 8.0 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 7.8 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MileIQPrecoro
Likelihood to Recommend
9.9
(2 ratings)
9.5
(18 ratings)
Usability
10.0
(1 ratings)
10.0
(3 ratings)
Support Rating
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
MileIQPrecoro
Likelihood to Recommend
MileIQ
MileIQ is a great tool for users that need to track their own business mileage to claim on expense reports. The phone app is easy to set up and use when classifying drives. it will occasionally ask you if you want to auto-classify frequent drives to further minimize the manual tasks of tracking mileage.
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Precoro
Precoro is great if you need to keep your organization aware of where in the purchasing process an order is, and if you need a place to communicate about orders & keep a record of those communications. It does not work too well for a variety of purchasing requests - the process lacks complexity.
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Pros
MileIQ
  • track mileage very accurately
  • easily categorize business versus personal trips
  • reports are quite simple to generate and forward to DEXT
  • settings are easy to set-up for proper government approved mileage rates
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Precoro
  • Editing the catalog data is very easy. We can export/import it from Excel
  • Comparing prices to make the right decisions
  • Fast approvals with specific roles for colleagues
  • Visual analytics and budget control for each department
  • Ability to add as many custom fields as we need to cover all processes
  • Real-time stock control and warehouse request creation right from the inventory module
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Cons
MileIQ
  • Integrate the paid version's admin console into the phone app for easier management.
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Precoro
  • For companies with more complex inventory needs, additional features in that area could be helpful.
  • The mobile app is great for approvals, but it could support more features from the desktop version.
  • Occasionally, loading reports with a large amount of data takes a few extra seconds.
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Usability
MileIQ
MileIQ is extremely easy to use. The phone app has a great flow. Drive classification can be as easy as swiping left and right. Users can access their reports in 2-3 steps. The admin console is easy to navigate and makes it simple to invite new users and remove old ones.
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Precoro
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
MileIQ
No answers on this topic
Precoro
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
MileIQ
No answers on this topic
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 orders right within the order itself, where the other software did not.
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Return on Investment
MileIQ
  • Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
  • Easily integrates with our Expense Management System and Accounting packages
  • No manual intervention at all required by employees - no tracking required on their part.
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Precoro
  • We can track each purchase order, who created it, and why. They are no longer lost, and we can always see the history. The dashboard allows us to monitor information about all essential documents and at what stage they are now and keep track of which invoices have not yet been paid or partially paid.
  • By setting up budgets for each department, we can effectively plan the allocation and prevent overspending.
  • The system is very flexible and convenient. I can't imagine my work without it.
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ScreenShots

Precoro Screenshots

Screenshot of AI-powered OCRScreenshot of the view of the 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