OpenText RFx Center vs. Precoro

OpenText RFX is well suited with Smaller or midsize organizations where it can be used as standalone solution. For large organization with Custom procurement processes and integration requirements with other business products like SAP, there are better solutions are available which can be evaluated with OpenText RFX product. Custom development processes are limited in OpenText RFX and there are some solutions like SAP SRM and Ariba can be evaluated.

Incentivized

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.

Incentivized

• Monitor procurement spend.
• manage Supplier relationship.
• Integrate with ERPs like SAP.
• Analytics of procurement trends.

Incentivized

• 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

• Integration with ERP products like SAP.
• UX User experience.
• Custom procurement processes.
• Product support.

Incentivized

• 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.

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.

Solutions like SAP Ariba are better suited for large enterprises with Custom processes and integration requirements with other ERP software like SAP ERP or S/4HANA products which are been used most of the fortune 500 companies. OpenText RFX is good for small and medium organizations with limited customization and integration requirements.

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

• Efficient procurement process.
• Easy vendor/supplier management.
• Faster implementation.

Incentivized

• 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.