Precoro vs. Visa Spend Clarity

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Precoro
Score 6.7 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,…
$2,988
per year
Visa Spend Clarity
Score 8.5 out of 10
N/A
Visa Spend Clarity offers a suite of end-to-end spend management solutions to empower businesses of all sizes and levels of complexity to control spend, maximize visibility, and optimize cashflow. it is designed so that with it, financial institutions can deliver payment and spend management technology to help to increase card spend, improve customer retention, and differentiate their service.N/A
Pricing
PrecoroVisa Spend Clarity
Editions & Modules
Core
$249
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
No answers on this topic
Offerings
Pricing Offerings
PrecoroVisa Spend Clarity
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
PrecoroVisa Spend Clarity
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Best Alternatives
PrecoroVisa Spend Clarity
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Score 8.7 out of 10
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Enterprises
Oracle Fusion Cloud ERP
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Score 7.7 out of 10
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Score 8.8 out of 10
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User Ratings
PrecoroVisa Spend Clarity
Likelihood to Recommend
9.6
(16 ratings)
8.7
(3 ratings)
Usability
7.3
(1 ratings)
-
(0 ratings)
Support Rating
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
PrecoroVisa Spend Clarity
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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Visa
It is well suited and, I guess, is a primary role for remote or distributed teams - especially when you know a person not well to trust him in managing local costs was agreed to pay. If you work with contractors with irregular payments, it will suit you as well cause of immediate card transfer, but it may be limited by your local KYC policy. It is not typical to pay payroll costs with it because it is focused mostly on operations with virtual card balances, so it is less appropriate for it. So it works best for remote teams.
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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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Visa
  • Visa Spend Clarity provides clear and concise spending reports that make it easy to track and monitor spending.
  • The reports can be customized to show specific spending categories, merchant types, and time periods.
  • Visa Spend Clarity also offers a variety of tools and resources to help cardholders manage their spending and avoid overspending.
  • Helping users track their spending in real-time
  • Providing budgeting tools to help users stay on track
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Cons
Precoro
  • 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
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Visa
  • More users
  • More brand awareness
  • More partners needed
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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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Visa
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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Visa
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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Visa
It is mostly focused on virtual visa operations. In general, all cash flow controlling suits easily can start from Excel or Google Colab integrations and evolve even to Sungard or WSS. It depends. Visa Spend Clarity is about your flexibility "to have your own bank in a pocket" - open sub-accounts, set limits, and reconcile costs actually made by your contractors or employees. We should see it wider and include Uber, Booking, Airbnb, and Flow interactions to make it a really fast process for your contractor from your "Yes" to contractor "Done". The Visa Spend Clarity is not exactly about your money (costs). It is more about your ability to start acting faster even if all details of cooperation with a person are not agreed upon, but as soon as possible, discuss critical details or add maneuver to your decision-making while limiting financial risk with reasonable limits.
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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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Visa
  • Some possible positive impacts of Visa Spend Clarity include increased transparency of spending habits, more effective budgeting and money management, and improved overall financial health. Additionally, Visa Spend Clarity may also lead to more strategic and informed decision-making when it comes to using credit.
  • On the other hand, some possible negative impacts of Visa Spend Clarity include feelings of anxiety or guilt associated with credit card spending, as well as the potential for overspending if users are not careful.
  • Additionally, Visa Spend Clarity may also lead to financial arguments or conflict if users are not on the same page about their spending habits.
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ScreenShots

Precoro Screenshots

Screenshot of Purchase RequisitionScreenshot of Purchase Order ManagementScreenshot of The view of the Purchase Order: approval information, live budget information, and Supplier infoScreenshot of ConfigurationScreenshot of DashboardScreenshot of Budgets