Precoro vs. Webexpenses

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
Webexpenses
Score 8.7 out of 10
N/A
Webexpenses is a global provider of spend management solutions, combining integrated Expense Cards with cloud-based software for businesses of all sizes across 70+ countries. Serving industries such as retail, finance, technology, construction, and not-for-profit, Webexpenses gives businesses control over company spending by automating processes, proactively enforcing policies, and controlling costs. Features The Webexpenses…
$54
per month (up to 15 users on the small business plan)
Pricing
PrecoroWebexpenses
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
PrecoroWebexpenses
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup fee$250 undefined
Additional Details
More Pricing Information
Community Pulse
PrecoroWebexpenses
Features
PrecoroWebexpenses
Expense Management
Comparison of Expense Management features of Product A and Product B
Precoro
-
Ratings
Webexpenses
8.4
133 Ratings
2% above category average
Employee Expense Reporting00 Ratings8.6133 Ratings
Corporate Card Reconciliation00 Ratings8.364 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Precoro
-
Ratings
Webexpenses
8.5
127 Ratings
6% above category average
Customizable Approval Policies00 Ratings8.394 Ratings
Financial Document Management00 Ratings8.237 Ratings
Payment Status Tracking00 Ratings8.8119 Ratings
Payment Audit Trail00 Ratings8.894 Ratings
Duplicate Bill Detection00 Ratings8.538 Ratings
Advanced OCR00 Ratings7.825 Ratings
Electronic Funds Transfer00 Ratings9.068 Ratings
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PrecoroWebexpenses
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Score 8.9 out of 10
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Score 9.6 out of 10
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Esker
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Score 8.1 out of 10
Precoro
Precoro
Score 9.3 out of 10
Enterprises
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SAP S/4HANA Cloud
Score 8.5 out of 10
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Score 8.0 out of 10
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User Ratings
PrecoroWebexpenses
Likelihood to Recommend
9.5
(18 ratings)
8.6
(795 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(50 ratings)
Usability
10.0
(3 ratings)
8.6
(795 ratings)
Availability
-
(0 ratings)
9.6
(11 ratings)
Performance
-
(0 ratings)
9.7
(10 ratings)
Support Rating
10.0
(2 ratings)
8.4
(370 ratings)
In-Person Training
-
(0 ratings)
9.0
(5 ratings)
Online Training
-
(0 ratings)
9.5
(6 ratings)
Implementation Rating
-
(0 ratings)
8.2
(20 ratings)
Configurability
-
(0 ratings)
6.8
(9 ratings)
Ease of integration
-
(0 ratings)
7.3
(3 ratings)
Product Scalability
-
(0 ratings)
9.6
(11 ratings)
Vendor post-sale
-
(0 ratings)
8.7
(4 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(4 ratings)
User Testimonials
PrecoroWebexpenses
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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Webexpenses
It's great that it is very easy to add documents, such as receipts, in different document formats, including PDF and Word. I use the system throughout the month, and add the expense line into the claim when it happens, rather than doing it all at the same time at the end of the month - this helps me to keep track of expenses owed and miles driven throughout the month. It would be great if I were able to save regular locations when adding mileage.
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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
Read full review
Webexpenses
  • imports credit card transactions from our corporate card program without issue
  • allows for easy set up of new users
  • is a very intuitive, easy to learn tool
  • has a very responsive support and customer service team
  • Set up and configuration was thorough, and they were able to work through our unique issues, such as custom segments in NetSuite.
  • It is a very inexpensive product. Well worth the cost.
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.
Read full review
Webexpenses
  • Would be nice if claims could be organised into certain chronological orders i.e. ordered by date so I don't have to copy and delete claims when adding a claim in that has an earlier date
  • Would be ideal to have an option to save full routes rather than just addresses maybe?
Read full review
Likelihood to Renew
Precoro
No answers on this topic
Webexpenses
There doesn't seem to be anything in the market at the same price point that is better, however if there is an interrupter in the market that provides better value, then we would heavily assess the cost of change to see if we should move on to the alternative offering.
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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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Webexpenses
It is simple to use. Things are intuitive even for a first time user. UI can be improved to make it have a more modern feel. But the current UI is simple and elegant. Different sections for claims, reports and receipts make it easy to get things sorted and quickly access them when needed.
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Reliability and Availability
Precoro
No answers on this topic
Webexpenses
The soft ware is reliable. The phone app works well and allows you to upload evidence, receipts, log mileage and log expenses. It works well and is rarely locked or there are very few times the app is down. The laptop based software is easy to access and again is always available
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Performance
Precoro
No answers on this topic
Webexpenses
The phone based app and the laptop based app always load quickly. It is easy to access. It is quick to use. It easy and quick to upload information and evidence. It is easy to log details. The information goes off to accounting and payroll quickly resulting in prompt payments for staff
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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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Webexpenses
The support for the initial setup was great, but since then we have only had to contact support once when we had problems uploading credit card files. The help we received at this time was not good and we ended up trying various things until we resolved the problem ourselves. The online support tutorials are good, but searching for a specific issue is difficult.
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In-Person Training
Precoro
No answers on this topic
Webexpenses
All went well.
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Online Training
Precoro
No answers on this topic
Webexpenses
It was difficult to train multiple people via video, as they learned at different speeds, and most of the user champions were not as capable with systems and finance processes as our dept.
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Implementation Rating
Precoro
No answers on this topic
Webexpenses
As long as you have people that are fully aware of the setup steps to get users into the software then I would see no issues arising for any company.
Read full review
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.
Read full review
Webexpenses
I would have to say that Webexpenses does not stack up well in comparison to Expensify. If given a choice, I would choose Expensify for the best user experience and mobile / desktop being more seamless. It accomplishes the same thing but has a more modern, minimal, and streamlined feel to it.
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Scalability
Precoro
No answers on this topic
Webexpenses
Every department in my organization uses webexpenses. My role and the role of others involves travel, expenses and mileage. Everyone uses the app to log details, upload receipts and to claim allowable expenses. having spoken to everyone within my team and wider directorate, i do not know of anyone who has had issues with the app
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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.
Read full review
Webexpenses
  • Easy integration with your existing finance / accounting software.
  • Lot of time is being saved in maintaining records and now going completely online.
  • Love the option of Scan receipts with Google-vision-powered optical character. This also resulted in less use of paper in our office.
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

Webexpenses Screenshots

Screenshot of the Webexpenses mobile app, that captures receipts instantly.Screenshot of Webexpenses, accessed through a desktop, iOS, Android or Windows device.Screenshot of mileage tracking with Webexpenses.Screenshot of a display of expense-related spend, reported and tracked with customisable reports.Screenshot of the mobile app, where users' expenses can be built, submitted and approved.Screenshot of Webexpenses payments and expense reimbursements.