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,…
$5,988
per year
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
YesNo
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
Features
PrecoroYooz
Payment Management
Comparison of Payment Management features of Product A and Product B
Precoro
-
Ratings
Yooz
8.7
41 Ratings
14% above category average
Customizable Approval Policies00 Ratings8.931 Ratings
Financial Document Management00 Ratings8.130 Ratings
Payment Status Tracking00 Ratings8.619 Ratings
Payment Audit Trail00 Ratings8.821 Ratings
Duplicate Bill Detection00 Ratings8.739 Ratings
Advanced OCR00 Ratings8.830 Ratings
Electronic Funds Transfer00 Ratings8.711 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Precoro
-
Ratings
Yooz
8.5
42 Ratings
19% above category average
Automated Accounts Payable Processes00 Ratings9.042 Ratings
Vendor Management00 Ratings8.135 Ratings
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PrecoroYooz
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Webexpenses
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User Ratings
PrecoroYooz
Likelihood to Recommend
9.5
(18 ratings)
8.6
(44 ratings)
Likelihood to Renew
-
(0 ratings)
8.7
(3 ratings)
Usability
10.0
(3 ratings)
8.7
(18 ratings)
Support Rating
10.0
(2 ratings)
-
(0 ratings)
User Testimonials
PrecoroYooz
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.
Read full review
Yooz
Yooz is perfect for reoccurring invoices, such as utilities, as you can search by account# to show a list of entries allowing consistency across the board. Color coding can be used to differentiate between utilities or responsibilities. This also helps when exporting specific items. I can select one by one or by group.
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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
Yooz
  • Yooz allowed for the uploading of purchase orders and the matching of purchase orders to invoices for smooth processing of invoices.
  • Yooz performed three way matching in a stream lined manner.
  • Yooz was a user friendly software that integrated well with Oracle NetSuite.
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
Yooz
  • 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.
Read full review
Likelihood to Renew
Precoro
No answers on this topic
Yooz
I love Yooz and everything it has brought to our organization!
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.
Read full review
Yooz
It has helped me with invoices and able to see if i have a duplicate and to see how many times vendor has been processed in the system and also to see who is late if it has been in yooz and it needs to get paid soon and also how many coding i have used
Read full review
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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Yooz
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.
Read full review
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 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
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
Yooz
  • Yooz has delivered a positive ROI for our AP function by reducing invoice processing time and cost, accelerating approvals, and improving control over duplicate/exception handling.
  • Cost per invoice down through automation like less paper/postage.
  • Easy to find the invoice by using invoice number.
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

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.