Precoro vs. Teampay

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Precoro
Score 9.3 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
Teampay
Score 7.0 out of 10
N/A
Teampay (Team Labs, Inc) headquartered in New York provides their distributed spend management platform, designed to give users total control and visibility over spending, and employees purchasing power.N/A
Pricing
PrecoroTeampay
Editions & Modules
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
No answers on this topic
Offerings
Pricing Offerings
PrecoroTeampay
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
PrecoroTeampay
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PrecoroTeampay
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Score 9.0 out of 10
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Score 8.4 out of 10
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User Ratings
PrecoroTeampay
Likelihood to Recommend
9.5
(18 ratings)
7.0
(1 ratings)
Usability
10.0
(3 ratings)
-
(0 ratings)
Support Rating
10.0
(2 ratings)
-
(0 ratings)
User Testimonials
PrecoroTeampay
Likelihood to Recommend
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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Teampay (Team Labs, Inc)
Well suited for simple payroll needs. Not a great option for large companies looking for more detailed reports. We have always been able to get employees paid on time and easily.
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Pros
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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Teampay (Team Labs, Inc)
  • Simple to use
  • User friendly
  • Effective
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Cons
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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Teampay (Team Labs, Inc)
  • Generating Reports
  • Employee Profile Information
  • Password Reset Function to Reset for Employees
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Usability
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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Teampay (Team Labs, Inc)
No answers on this topic
Support Rating
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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Teampay (Team Labs, Inc)
No answers on this topic
Alternatives Considered
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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Teampay (Team Labs, Inc)
Teampay was simplified and great for smaller businesses. ADP Workforce Now has many add-on features, while Teampay feels more basic but effective.
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Return on Investment
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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Teampay (Team Labs, Inc)
  • Teampay helps us effectively process payroll for our employees
  • S. and Canada ADP don't communicate, operated as a completely separate company
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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