TrustRadius Insights
Precoro is a versatile tool that offers several key use cases for businesses of all sizes. Users can easily keep track of their purchasing …
Starting at $39 per month per user
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What is Precoro?
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…
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Pricing
Small, for ≤ 20 users
$39
Cloud
per month per user
Large, for 21+ users
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Cloud
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://precoro.com/pricing
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $39 per month per user
Product Demos
Precoro Oath Demo Google
YouTube
Precoro OAuth Demo Video
YouTube
Precoro Integration with Xero | Integration Demo
YouTube
Expense Module Overview | New Module Demo
YouTube
What is Precoro? | Procurement Software Demo
YouTube
Precoro Integration with NetSuite | Integration Demo
YouTube
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Precoro?
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, Precoro tracks discounts to avoid spending more than planned. It can increase cash flow transparency by monitoring corporate expenses (including reimbursements). And it provides analytics and reports to plan the procurement strategy more thoughtfully.
- Users can create, approve and track POs or transfer orders from Amazon Business via Punch-in. Manage suppliers, item catalogs, and inventory.
- Precoro connects with an ERP and other business tools using ready-made integrations (NetSuite, QuickBooks, Xero) or its API. This helps to avoid duplicated payments and manual document matching.
- Data is kept secure with SSO and 2-factor authentication.
Precoro's interface allows users to forget about complex onboarding and long-lasting training. Customers get advisory and support from a personal CSM anytime it is needed. Precoro grants access to all features and updates regularly. Precoro is available for a 14-day free trial, to experience its features firsthand.
Precoro states they pursue the following values:
Ease of Use. Precoro's interface helps to integrate all company's operations within 2 weeks.
A 14-day free trial. 2-week access to all features without providing credit card information to ensure Precoro is the perfect fit for the business.
User-based Pricing. No complicated pricing tiers. Customers pay for each user and get unlimited access to all features.
Simple Implementation. Precoro can be set up in a couple of hours with the help of a CSM and used for years. A guided switch from a currently procurement management method is offered.
Lifetime Support. Includes real-time procurement advisory and support from Precoro experts.
Flexibility. Precoro can be adjusted according to the company's needs, with an unlimited number of custom fields at no extra cost.
Precoro Screenshots
Precoro Video
Precoro Review: How Ridgeline Discovery Reduced Invoice Processing Time by 90% in a Month
Precoro Integrations
- QuickBooks Online
- Xero
- Enterprise Single Sign-On Manager
- NetSuite ERP
- Slack
- 2-factor authentication
- Amazon Business Punch-in
Precoro Competitors
Precoro Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | Australia, Canada, Europe, United Kingdom, United States, Asia |
| Supported Languages | English, Spanish, French, German |
Frequently Asked Questions
Precoro starts at $39.
The most common users of Precoro are from Mid-sized Companies (51-1,000 employees).
Precoro Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 20% |
| Mid-Size Companies (51-500 employees) | 60% |
| Enterprises (more than 500 employees) | 20% |
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Reviews and Ratings
(20)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Precoro is a versatile tool that offers several key use cases for businesses of all sizes. Users can easily keep track of their purchasing data in one centralized location, making it effortless to monitor purchase requests and manage payments. With features like budget control, spending analytics, and strategic cost optimization, the software provides complete control over purchasing operations from requisition to inventory control.
One of the standout features of Precoro is its highly customizable nature, allowing users to tailor processes according to their company's specific needs. This level of flexibility ensures that organizations can optimize their procurement workflow and streamline operations effectively. The software also enables visual analytics of expenditure by departments and incorporates three-way matching, enhancing transparency and accuracy in financial reporting.
Additionally, Precoro proves to be an invaluable asset for reducing costs and increasing staff productivity. By automating manual processes and eliminating duplicate invoices, companies can save valuable time and resources. The software also facilitates the creation of intuitive purchase requests and generates warehouse requests seamlessly from the inventory section.
Moreover, Precoro's cloud-based platform offers accessibility from any device with an internet connection, allowing users to speed up approval times and gain control over purchasing activities from anywhere at any time. This feature proves especially beneficial for remote teams or organizations with multiple locations.
The Expense module simplifies the management of reimbursements, ensuring a transparent process for both employees and finance departments. It also supports the creation of purchase orders, order tracking, and converting requests into orders while keeping tabs on their status.
With customizable reports available, businesses can analyze spending patterns, identify areas for improvement, and plan future budgets effectively. Whether it is licenses, hardware, or software procurement internally or externally within organizations, Precoro assists in managing all these aspects seamlessly.
Users have found Precoro to be a useful tool that fits well within any company looking to streamline their procurement process. It eliminates manual paperwork and provides transparency into the organization's budget while boosting productivity. The onboarding process is smooth, and customer service is highly responsive, ensuring a positive experience for users.
Overall, Precoro helps organizations simplify their procurement workflow, maintain proper records of purchases, and optimize expenses. Its user-friendly interface and afforda
Easy Onboarding Process: Several users have appreciated the easy onboarding process of the software, finding it simple to get started and quickly become familiar with its features.
3-Way Matching Process: Many reviewers have liked the 3-way matching process offered by the software. This feature allows them to easily match invoices, purchase orders, and receipts in one place, improving accuracy and efficiency in their financial management.
Fast Approval Process: The fast approval process has been highlighted as a valuable aspect of the software by multiple users. They have found that specific roles assigned to colleagues facilitate quick approvals, streamlining their workflow and saving time.
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Time-consuming setup: Several users have found it time-consuming to set up various settings and preferences for their team in Precoro. They mentioned that the initial configuration process can be lengthy and requires a significant amount of time and effort to customize the software according to their specific needs.
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Lack of integrations: Users have mentioned a lack of certain integrations, such as invoice scanning tools, which limits the functionality and integration capabilities of the software. Some users expressed a desire for more seamless integration with other third-party applications commonly used in their workflow, highlighting the need for Precoro to expand its range of integrations.
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Difficulty with printing purchase orders: Users have expressed frustration with the inability to print a batch of purchase orders or a range of purchase orders simultaneously. This limitation makes the printing process more tedious and time-consuming as users are required to print each individual purchase order separately. Users suggested adding an option to print multiple purchase orders at once, streamlining their workflow and saving valuable time.
Users find Precoro to be a flexible and efficient system that effectively manages documents. It is highly recommended for SMB companies, startups, and fast-growing businesses. Users express their satisfaction with working with Precoro, considering it a very good system. They suggest purchasing Precoro to enhance business scalability and improve efficiency. To avoid any issues with document organization and retrieval, users recommend implementing Precoro. Additionally, users advise consulting with the Precoro team to discuss specific feature requirements before making a purchase.
Attribute Ratings
Reviews
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February 22, 2023
Precoro - User Friendly Sytsem
Score 10 out of 10
Vetted Review
Verified User
MyBucks Banking Corporation uses Precoro for purchase order creation and delivery, visual analytics expenditure by departments, receiving, three-way matching. Precoro has managed to address many business problems including, real time tracking of expenditure by departments, Cost saving such as reducing printing cost, Increase staff productivity. Consequently, it has reduced duplication of invoices payable to suppliers.
- Budget tracking
- Visual Analytics
- Notification of duplicated invoices
- Sending Purchase Orders directly to suppliers
- Ability to download reports
- Option to print directly on Precoro
- Functionality to select different branches under one invoice when the invoice is applicable to branches more than one
- Notifications to alert the authorizer when the approval is taking so long to approve
December 01, 2022
Smiling Precoro!
Score 9 out of 10
Vetted Review
Verified User
Precoro is our procurement system in our organization and it replaces the current manual processing of our purchasing function. The system helps us to track items easily as compared to manual & increases our productivity. It is user friendly & price is reasonable where every small company like us can afford to buy & use it.
- It is cloud base & we can use it anywhere anytime as long as there is wifi.
- It is user friendly.
- Price is affordable.
- All notes & comments and documents submitted in PR were not flow thru to the PO so we need to attach the docs & type the notes & comments again
- Some field in PR can be omitted
Score 10 out of 10
Vetted Review
Verified User
The program is used to control the procurement cycle of the entire company by individual departments or locations. From office equipment to service subscriptions, tracking all statuses from requisition to payment.I use it at least weekly. Requests are created intuitively and in handy, as the catalog of the products I need is already here. I can also generate warehouse requests from the inventory section. The approvals are much faster because my manager is notified immediately and can confirm it from his phone. Thanks to the budgets, there is complete visibility of the current expenses and the number of remaining funds for a certain period.
- Procure-to-pay process covering
- Visualizing budget control
- Notification for faster approvals
- Distribution of processes by departments
June 30, 2022
Easy-to-use system for all employees
Score 9 out of 10
Vetted Review
Verified User
We use Precoro to efficiently procurement process management. Each employee can leave a purchase request in advance, comparing it with the budget. The tool is convenient and clear, so requests are created quickly and without errors. Attachments can be added to each request, and information can be clarified by tagging each other. In addition to being convenient, it allows us to view all the information in one place to avoid possible misunderstandings.Thanks to the optimized approval process, all stages are fast, and we can get the items on time.
- Purchase requisition creation with attachments and approval history
- Purchase Order Management
- Approval process optimization
- Vendor communication
- All works great, but the inventory module lacks functionality.
Score 9 out of 10
Vetted Review
Verified User
The tool allows me to manage all the purchase orders for each department and track expenses. All the procurement data needed, including vendor, items on orders, stock balances, and even the reason for the purchase, is kept in one place. The report generation feature is convenient. We can analyze each vendor, generate quarterly or annual expense reports and optimize plans for the following year.
- Tracking clear payment statuses for each document.
- Expense reports and spend analytics.
- Vendor management and communication.
- Transparent approval process.
- Requisition management.
- I'm satisfied with the way Precoro handles its task. There are a few things that could be automated. For example, editing multiple POs at once.
June 20, 2022
Happy Precoro customer
Score 10 out of 10
Vetted Review
Verified User
I use Precoro about 1-2 times a week mainly to register the necessary orders for specific projects. The tool is very flexible and allows me to add as many custom fields as I need. I can create customizable reports to analyze spending and plan future budgets. They can be in table form or with visualization.
- Scaling by locations, projects, and departments
- Purchase order tracking
- Purchase management
- Reports creation
- Spend Management and Spend analytics
- Mobile app development (for IOS/Android)
June 13, 2022
Good choice for our team!
Score 10 out of 10
Vetted Review
Verified User
It's simple to register necessary purchases and subscriptions, and get quick approval and reports to analyze expenses. "Custom fields" is a perfect match for us. We can set up an approval workflow and share responsibility between departments. Since all the data is in the catalogs, it takes a few minutes to create a purchase order, and all orders can be tracked at any time with clear statuses.
- 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
- For now, we're okay with the software. If there are some challenges, our Customer Success Manager helps us to handle them.
Score 10 out of 10
Vetted Review
Verified User
Precoro is a great place to keep all purchasing data. We can add all employees to leave purchase requests, and track them right for the payment stage. I use it for budget control, reports, spending analytics, and strategic cost optimization. The tool is very customizable, it allows us to set up processes according to our company's needs and our Support Manager helps us to do it in the best way.
- Customizable reports creation
- Spend control among projects
- Deep spend analytics and expense optimizing
- Ordering process
- Purchase requests management
- Ability to adjust to companies' work processes
- Inventory management can be too basic for some companies. Now, it fully covers our needs.
May 25, 2022
Powerful procurement software!
Score 10 out of 10
Vetted Review
Verified User
We gain complete control over all our purchasing operations, from purchase requisition (which can be easily created thanks to the item catalog) to inventory control. Precoro allows checking all order stages and payments, setting up and controlling budgets, and creating visual reports in real time.
- Vendor management with supplier portal and item catalog.
- Matching PO with Invoices. So we can eliminate double payments.
- Budgets with a progress bar for each project.
- Many custom fields for report creation to improve analytics.
- Customer support and advising.
- I would like to see a complete approval history for each order.
May 20, 2022
Easy onboarding and great value for money
Score 9 out of 10
Vetted Review
Verified User
I easily plan budgets for each project, promptly track spending, and create custom reports. Precoro allows doing this in 2 clicks. All suppliers and items are in one place, so purchase requests and orders are quickly created without errors. Precoro is a cloud-based tool, so I can use it from any device as long as I have internet. This greatly speeds up approval time and helps me keep everything under control no matter where I am. I want to highlight the new Expense module. It enables transparent management of the reimbursement process, if necessary.
- Intuitive
- Easy implementation
- Support
- Visibility
- Reports section
March 22, 2022
Automated 3-way matching process
Score 10 out of 10
Vetted Review
Verified User
The software is very useful and is designed very well. It was a great experience right from the start. Customer service guided us through the whole setup process, which was much easier than we thought. The onboarding process took less than 2 weeks. The team was there for us to answer any questions regarding the usage of the software.
- Easy onboarding
- 3-way matching process
- Fast approval process
March 16, 2021
Easiest Purchasing Software for any size company
We use Precoro for purchasing licenses, hardware, and software internally and externally throughout our entire organization. Before Precoro, our purchasing process was a mess and we could not keep proper record of our purchases due to the high volume of requests we dealt with. Now, we have a built in catalog of items we purchase frequently, and we have the freedom to add items as we see fit to orders. We know at all times where each request is in the process through their Approval Workflow, and we know exactly when and what was order in each PO. Notes and comments allow us to keep purchasing communications within the request itself and it provides great source of paper trail when needed.
- Purchase Tracking
- Approval Workflow
- Catalog of Items
- Comments & notes on a given request
- Email notifications when new requests are in
- 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
December 23, 2020
Made the purchasing process in our office clear and transparent
Score 10 out of 10
Vetted Review
Verified User
Precoro was used for the creation of POs and requests. Now it's super easy to convert requests into orders and track their status. I can send them directly to the supplier and they become email approval.
- Very flexible approval routes
- Fantastic custom reporting capabilities
- Easy to start working with
- Lack of deep dive into visual analytics
- It'll be great for the guys to have an app
December 19, 2020
Very cool solution
Score 10 out of 10
Vetted Review
Verified User
Precoro allowed us to organize and control our procurement workflow. We totally forgot about manual paperwork. New software helps us keep track of all our purchases and make the companies budget transparent. I am extremely happy with this tool because it helps us organize everything we need for continuous work.
- The simplest and most useful software, an easy way to track all items and keep them secure. Perfect customer team.
- Everything works perfect. Couldn't be happier with the software.
December 18, 2020
Precoro worth it!
Score 10 out of 10
Vetted Review
Verified User
Precoro helped us with our purchase requests and orders. Software makes it easier to track their current status. We didn't find such a great 3-way match capability as in Precoro.
- Having 3-way match in one place is very intuitive
- Automatic recurring invoice and orders for software subscriptions
- Custom fields for POs
- Don't have any major problems or concerns!
December 08, 2020
Excellent software for managing purchase requests
Score 9 out of 10
Vetted Review
Verified User
Precoro's platform is easy to use and fits well in all companies to manage their procurement process. Highly recommended if you are looking for an intuitive software to help your business grow up. This software allowed us to get away from the paper approval work and helped us manage procurement processes.
- Easy to use.
- User-friendly interface.
- No more manual work with papers.
- More languages should be added.