Precoro vs. U.S. Bank Spend Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
U.S. Bank Spend Management
Score 10.0 out of 10
Small Businesses (1-50 employees)
Replacing the former Bento for Business acquired in 2021, the U.S. Bank Spend Management solution provides employee expense cards with spend controls that allow business owners to control where, when and how much employees can spend.
$0
2 People or Cards (1 must be business owner)
Pricing
PrecoroU.S. Bank Spend Management
Editions & Modules
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
Free
$0
2 People or Cards (1 must be business owner)
Team
$29/month
Up to 10 People or Cards
Professional
$69/month
Up to 20 People or Cards
Enterprise
$149/month
More than 20 People or Cards
Offerings
Pricing Offerings
PrecoroU.S. Bank Spend Management
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
PrecoroU.S. Bank Spend Management
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User Ratings
PrecoroU.S. Bank Spend Management
Likelihood to Recommend
9.5
(18 ratings)
10.0
(4 ratings)
Usability
10.0
(3 ratings)
-
(0 ratings)
Support Rating
10.0
(2 ratings)
-
(0 ratings)
User Testimonials
PrecoroU.S. Bank Spend Management
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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U.S. Bank
Our organization runs a lot of short-term or one-off programs where the program staff need to buy supplies -- Bento is perfect for these scenarios. The staff who make the purchases are not staff who would typically have a company card, so we wanted a solution other than giving them a credit card. Bento was perfect because it makes the purchasing & bookkeeping processes for these programs easy and efficient for both the staff and the finance team
Read full review
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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U.S. Bank
  • Track expenses by employee
  • Restrict purchases based on amount and category
  • Import transactions directly into QuickBooks
Read full review
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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U.S. Bank
  • easier way for employees to access their statements without setting them up as admins
  • monthly statements generated by card
  • monthly fee needs to be added to one of the card statements
Read full review
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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U.S. Bank
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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U.S. Bank
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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U.S. Bank
If you are looking for prepaid business care or a business expense card, I highly do not recommend using Bento for Business. Do yourself and your business a favor and use a more customer service orientated services such as Pex, Wex, or Expensify. Bento for Business is bad business. Just don't do it.
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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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U.S. Bank
  • Saving time by eliminating reimbursements
  • Allowing many staff to have a card to make purchases without worrying about financial control/risk of too many people having a company card
  • Efficiently synchs with Quickbooks
Read full review
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

U.S. Bank Spend Management Screenshots

Screenshot of Create Employee cards or Utility cards with spend limits (e.g. $500/month)Screenshot of Dashboard provides a snapshot of spending activity across all cards.Screenshot of See transactions in real-time.  Add tags, notes and upload receipts.