Precoro vs. Yooz

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Precoro
Score 9.5 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,…
$499
per month (billed annually)
Yooz
Score 8.8 out of 10
Small Businesses (1-50 employees)
Yooz delivers intelligent financial operations automation that aims to reduce waste, mitigate risk, prevent fraud, and eliminate errors from the AP process. Yooz provides Lean Financial Operations™ for companies of all sizes, offering clarity and control in the most complex environments. The Yooz platform combines a workflow engine, real-time applied AI, and transparency, with advanced fraud detection. Boasting over 7,000 customers worldwide and processing more than 300 million…N/A
Pricing
PrecoroYooz
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
PrecoroYooz
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsSubscription price based on the volume of documents processed. Unlimited number of users. 4 hours of complimentary service to start.
More Pricing Information
Community Pulse
PrecoroYooz
Considered Both Products
Precoro
Chose Precoro
Precoro is much easier to use and faster to implement than SAP Ariba, Coupa, or Oracle. It offers the right features without the complexity or high cost, helping us improve efficiency and control spend quickly.
Chose Precoro
To be honest, they were just more friendly
Chose Precoro
  • 14-day free trial.
  • The complete covering procurement cycle.
  • Handy spending visuals.
Chose Precoro
Best value for money, simple interface, custom fields, awesome sales and SCM team.
Chose Precoro
Cost-efficiency Intuitive for all employees Fast onboarding Unlimited custom fields Free trial Reliable Customer Support
Chose 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 …
Yooz
Chose Yooz
We looked at a couple of different products, and Yooz came out the winner based on overall interface and cost. Our bank also pitched a solution, but it was not as robust as Yooz.
Chose Yooz
Selected Yooz because of the dynamic workflow ability.
Chose Yooz
Deltek Maconomy, Citrix Endpoint Management and KlearStack
Chose Yooz
PDF is too much slow in OCR reading, comparing to Yooz. you can't compare it even.
Chose Yooz
Chrome River is slow and full of inconsistencies. Capturing invoices is confusing, as you have to assign approvers and coding at that time. No time to save it and research those details. It has multiple screens labeled inbox but are for different stages in the approval process …
Chose Yooz
it better with uploading invoice and easier to use and very assessable and easy to learn and has a lot of verification so errors on payments are avoided and also used to know which invoice is late and needs to be paid and coded
Chose Yooz
I did not choose yooz myself as it was a company decision
Chose Yooz
They are all different for each other. In our scenario, since we do not use QuickBooks as our software system, Yooz works better with integration to Sage Intacct
Chose Yooz
Yooz is much more user friendly and provides more features
Chose Yooz
We looked at other products when we chose Yooz and all were comparable, the key focus was that Yooz integrated with our ERP
Chose Yooz
Yooz has better accuracy and it is more automated to do tasks itself.
Chose Yooz
We used POs or excel sheets you had to manually enter and scan in invoices so it was definitely a pain and super time consuming.
Chose Yooz
We liked Yooz better and it was competitive on the monthly payment basis
Chose Yooz
Our corporate team chose the switch - I see why the change and it is beneficial, however, not very time saving!
Chose Yooz
Have not used other products in the past. This one is great! Don't plan on changing !
Chose Yooz
Yooz is more simple to use but doesn't have as many features.
Chose Yooz
Yooz comes close to Coupa, but Coupa is much more robust and can handle much larger batches of information.

Yooz performed well against Bank of America's Checkbook product, because it was more efficient.
Features
PrecoroYooz
Payment Management
Comparison of Payment Management features of Product A and Product B
Precoro
-
Ratings
Yooz
8.7
Ratings
15% above category average
Customizable Approval Policies00 Ratings8.90 Ratings
Financial Document Management00 Ratings8.20 Ratings
Payment Status Tracking00 Ratings8.70 Ratings
Payment Audit Trail00 Ratings8.90 Ratings
Duplicate Bill Detection00 Ratings8.70 Ratings
Advanced OCR00 Ratings8.80 Ratings
Electronic Funds Transfer00 Ratings8.70 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Precoro
-
Ratings
Yooz
8.5
Ratings
19% above category average
Automated Accounts Payable Processes00 Ratings9.00 Ratings
Vendor Management00 Ratings8.10 Ratings
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PrecoroYooz
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Webexpenses
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User Ratings
PrecoroYooz
Likelihood to Recommend
9.5
(0 ratings)
8.6
(0 ratings)
Likelihood to Renew
-
(0 ratings)
8.6
(0 ratings)
Usability
10.0
(0 ratings)
8.8
(0 ratings)
Support Rating
10.0
(0 ratings)
-
(0 ratings)
User Testimonials
PrecoroYooz
Likelihood to Recommend
Budget tracking on expenditure by departments - Precoro assists with budget tracking on the total budget which is allocated to each department. If the budget has been exhausted an alert is made for exceptional approval to the budget.
Duplication of invoices. When a supplier bills us the same invoice twice, Precoro makes a notification that an invoice with the same number was already uploaded for payment.
Read full review
when you have put the amount in, and the amount does not match the invoice yooz sends an alert to indicate that there is a missing amount that you have not added, and it also helps to let you know when some invoice amounts are more than the usual get for that vendor so you can take note
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Pros
  • Easy tracking of purchase orders with real-time status updates
  • 3-way matching of POs, invoices, and receipts to avoid errors
  • Built-in commenting to discuss requests and approvals right in the system
  • Responsive customer support with live chat — always helpful
  • Visual budgeting tools to track spending by department or project
  • Product catalog to standardize items across the company
  • Mobile-friendly approvals — approve requests from anywhere
  • Timely email and in-app notifications to avoid delays
  • Easy-to-use interface — no steep learning curve
  • Smooth onboarding and quick team adoption
Read full review
  • Strong integtation with Intacct (our GL)
  • Strong OCR capabilities that capture the key information of an invoice with accuracy
  • Very responsive Support Team if we encounter a problem or have a question.
  • In depth documentation for users (pdf's videos) to learn the product
Read full review
Cons
  • 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
Read full review
  • when exporting we have to change the total column's to numbers or it will export with the incorrect totals.
  • Yooz needs to not allow itself to add a line to the total and change what you are posting. instead it needs to freeze you from moving on.
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Likelihood to Renew
No answers on this topic
ALSOME PROGRAM MAKE EVERYDAY SO MUCH EASIER
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Usability
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.
Read full review
Usability of Yooz is close to 10, solves the issue that many companies have and serve to its purpose. The platform is simple, but well design and it is always improving. Since we started using it almost 8 months ago, the invoicing process of our company enhanced sharply. But there is also room for improvement that is why a 9/10
Read full review
Support Rating
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.
Read full review
No answers on this topic
Alternatives Considered
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
Chrome River is slow and full of inconsistencies. Capturing invoices is confusing, as you have to assign approvers and coding at that time. No time to save it and research those details. It has multiple screens labeled inbox but are for different stages in the approval process that aren't specified unless you go into the invoice and review. When you go to exit the invoice, it takes you back to the main menu instead of the inbox you were currently working in. It is live, but the updates are every 10-15 minutes as opposed to immediately.
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Return on Investment
  • Our problem before implementing Precoro was a lot of manual tasks, from managing catalogs to creating reports. Now all related processes are in one place, and it's faster to create a purchase order, track it, and get products in time. Also, the overall visibility increased. We can see all purchases and their impacts on our budget. Reports is the most customizable module, so we can get the data we need. Thanks to our CSM for fast onboarding and help!
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  • Yooz helped us process thousands of invoices in a more efficient manner than our previous process called Checkbook with Bank of America.
  • Yooz allowed for a more efficient invoice approval process than the previous systems that were used. If the invoices were three way matched, they would be processed quicker.
  • Yooz made the integration of the invoice and credit memo process into NetSuite more efficient than the previous software, however, there some limitations with Yooz because it did allow for duplicate invoices to be processed, and that was a big issue.
Read full review
ScreenShots

Precoro Screenshots

Screenshot of AI-powered OCRScreenshot of a 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

Yooz Screenshots

Screenshot of how Yooz works - The solution provides artificial intelligence (AI) and machine learning technologies to help AP teams with invoice automation.Screenshot of Purchase: Automates PR/PO and approvals using workflows. Additionally users can create purchase requests, automate approval workflows, automatically generate purchase orders, manage deliveries and monitor the budget.Screenshot of Capture: AI based data extraction to extract invoices. Works for almost any format (PDF, Factur-X, UBL, CII, EDIFACT, etc.)Screenshot of No touch: Intelligent workflows to automate approvals and paymentsScreenshot of Pay: A Digital Invoice Payment Workflow. Invoices can be paid individually or as a batch,  and vendors receive payment through Virtual Card, ACH, eCheck, or Paper Check.Screenshot of Export: Invoice capture and automation that integrates with accounting software, or with more than 200 ERPs worldwide.