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Precoro Review

Precoro
Our score: 8.7 User satisfaction: 100%

What is Precoro?

Precoro is a reliable procurement software that lets you stay in control of your procurement processes in a single, user-friendly interface. It is ideal for small to medium-sized businesses.

Its Procurement feature allows you to stay on top of your orders. The dashboard will show you everything you need to know about your orders. Through it, you can keep track of orders, invoices, and POs that are on its way to you.

It also has visual charts that give a breakdown of monthly spend. It also allows you to manage team requests, create POs, and match invoices to orders and receipts.

Meanwhile, Spend Control allows approval customization for each department. Budget management allows you to set a limit for each department to ensure that your company doesn’t go over budget. The analytics feature provides complete, real-time reports from suppliers, goods categories, and cost centers.

Lastly, Precoro is scalable. It allows you to disable some features you don’t need at the moment, and add them on later once the business expands. You can also expect lifetime updates as long as you are using Precoro for all your procurement needs.

To make workflow more streamlined, Precoro allows integration with other software like NetSuite, Quickbooks Xero, and Sage One. It also has a mobile app so you can take your work with you on the go.

Precoro currently has four plans available, starting at $19.

Overview of Precoro Benefits

Full-Fledged Procure-to-Pay Solution

Precoro streamlines nurturing and building relationships with suppliers. It automates catalog, inventory and contract management. Furthermore, users access a centralized platform for creating purchase orders, delivering POs to the suppliers, and accurately matching the POs and contracts to supplier invoices.

On-the-Go Spend Approval

Apart from its expense reporting capabilities, Precoro has a spend approval function. This allows you to see the expense requests of your employees while you on the go. Thus, you can let workflows move along by giving your consent as soon as you receive the requests.

Expense Management

While Precoro does not have built-in accounting tools, it can still assist you with your expense management. The software has expense reporting tools that show you how much of your business money went to items. This way, you do not have to investigate manually the spending activities of your employees. Moreover, you can produce the reports with a single click so you can get the data you need immediately.

Accounting Systems Integration

To help you with your finances further, Precoro can connect with your favorite accounting tool via API. With this, you can abstract the need to enter the same set of information in your accounting software. This can save you time but best of all, this can reduce errors.

Stringent Inventory Control

With Precoro, you can ensure that your inventory has a healthy stock of items and that you never have a surplus of any article. That is because it allows you to transfer goods between warehouses and it enables you to create a comprehensive list of supplies in hand as well.

Scalability Features

Precoro allows you to disable some features that you don’t need for your business. You can decide to activate these features at a later time, or once your business needs them. This makes it easier for you and the team to get on board.

Top-Notch Support

Precoro has a reliable customer support team. Regardless of the plan, you signed up for, you can expect premium support. You can ask the team any question ranging from automating a manual workflow or improving the automation of a work process. With a dedicated customer success team, you can transform your procurement procedure speedily.

Overview of Precoro Features

  • Suppliers Management
  • Inventory & Receipt Management
  • Accounting Integrations
  • Blanket PO
  • Spend Analytics
  • User Role Controls
  • Premium Support
  • Suppliers Portal
  • Vendor Management
  • Purchase Requisitions
  • Automated Custom Approval Routing
  • Request for Proposals
  • Order Management
  • Real-time Budget Tracking
  • Delivery Tracking
  • Invoice Management
  • 3-way Matching
  • Inventory Control
  • Spend Analysis
  • Custom Reporting
  • Enable/Disable Any Feature

What Problems Will Precoro Solve?

Problem #1: Manual work with papers, Google Docs, Slack messages, emails, etc. 

Managing Requisitions or POs in SpreadSheets and emails becomes messy and time-consuming. Precoro helps to organize this process and make it more standard which brings more transparency into the entire procurement process. You can configure your approval workflow based on the value of the purchase and make decisions through your mobile phone.

Features: Product catalog, purchase requisitions, purchase orders, email notification system, digital approval, mobile-friendly

Problem #2: Losing Money due to overbudgeting

Spend control is getting harder when you use numerous tools or spreadsheets. With Precoro the budget control is seamless and managed in one place. You can set up your Budgets to prevent maverick expenses and track the real-time progress bar with the Precoro control panel.

Features: Budget dashboard, cost allocation, approval workflow, purchase order statuses

Problem #3: Inefficient time spent due to human error

The paper-based process causes lots of human mistakes because of manual data replication. Precoro helps to manage everything digitally in the cloud, so you can easily create Order from the approved Requisitions or match Invoice against PO with no handwork.

Features: Purchase requisitions consolidation, modules synchronization, user controls

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Precoro Position In Our Categories

Since companies have specific business-related wants, it is reasonable that they avoid getting an all-in-one, ideal software product. Regardless, it is difficult to stumble on such application even among recognizable software solutions. The practical thing to do would be to list the varied key aspects which call for a consideration including major features, budget, technical skill competence of staff, company size, etc. Then, you must double down on the research to a full extent. Have a look at some of these Precoro analyses and scrutinize the other software solutions in your shortlist more closely. Such all-encompassing research makes sure you circumvent unsuitable applications and subscribe to the one that offers all the function you require business requires to achieve growth.

Position of Precoro in our main categories:

TOP 20

Precoro is one of the top 20 Procurement Software products

If you are considering Precoro it may also be beneficial to analyze other subcategories of Procurement Software gathered in our database of B2B software reviews.

Every enterprise is different, and may need a special Procurement Software solution that will be fit for their company size, type of clients and employees and even individual industry they deal with. You should not count on finding a perfect app that is going to be suitable for every business no matter what their history is. It may be a good idea to read a few Precoro Procurement Software reviews first and even then you should keep in mind what the service is supposed to do for your company and your staff. Do you need a simple and intuitive app with only basic functions? Will you actually make use of the complex tools required by experts and large enterprises? Are there any specific features that are especially practical for the industry you operate in? If you ask yourself these questions it will be much easier to find a trustworthy software that will fit your budget.

How Much Does Precoro Cost?

Precoro Pricing Plans:

Free Trial

Small (Up to 5 Users)

$29/user/month

Medium (6 to 20 Users)

$24/user/month

Large (21 to 50 Users)

$19/user/month

Enterprise (More than 50 Users)

Contact vendor

Precoro has four enterprise pricing offerings that give you access to all features, lifetime updates, and advisory & support. Note that each plan is billed annually.

Small – $29/user/month

  • Up to 5 Users

Medium – $24/user/month

  • 6 to 20 Users

Large – $19/user/month

  • 21 to 50 Users

Enterprise – by quote

  • More than 50 Users

User Satisfaction

Positive Social Media Mentions 2
Negative Social Media Mentions 0

We realize that when you make a decision to buy Procurement Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Precoro reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Precoro. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Screenshots

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted
  • Open API

Language Support

  • English

Pricing Model

  • Annual Subscription
  • Quote-based

Customer Types

  • Small Business
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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Precoro Comparisons

Precoro user reviews

Precoro has shown us the power of catalogs

Read full review >
Clarie Sims
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

4/5

Ease of Use

Published on: 27.10.2017 Company Size: 1-10 Employees Industry: Health, Wellness and Fitness

What are Precoro pricing details?

Precoro Pricing Plans:

Free Trial

Small (Up to 5 Users)

$29/user/month

Medium (6 to 20 Users)

$24/user/month

Large (21 to 50 Users)

$19/user/month

Enterprise (More than 50 Users)

Contact vendor

Precoro has four enterprise pricing offerings that give you access to all features, lifetime updates, and advisory & support. Note that each plan is billed annually.

Small – $29/user/month

  • Up to 5 Users

Medium – $24/user/month

  • 6 to 20 Users

Large – $19/user/month

  • 21 to 50 Users

Enterprise – by quote

  • More than 50 Users

What integrations are available for Precoro?

Precoro can connect with any accounting software via its API. The following are only a few examples:

  • QuickBooks Online
  • Xero
  • NetSuite
  • Sage One

Get maximum security with SSO and 2-factor authentication.

Precoro average rating:

Average score
5/5 (1 user reviews)
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Clarie Sims

PROS: With Precoro we have finally defined the purchasing process in our office, every stage now has a clearer view and transparency.

CONS: It was hard to import all supplier's goods first, but we have dedicated customer success manager that helped us to catalog those goods and import them to the system

Reviewed 2 years ago

Read full review >

The least favorable review

Clarie Sims

PROS: With Precoro we have finally defined the purchasing process in our office, every stage now has a clearer view and transparency.

CONS: It was hard to import all supplier's goods first, but we have dedicated customer success manager that helped us to catalog those goods and import them to the system

Reviewed 2 years ago

Read full review >

More reviews from 1 actual users:

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Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Precoro has shown us the power of catalogs

Read full review >
Clarie Sims
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

4/5

Ease of Use

Published on: 27.10.2017 Company Size: 1-10 Employees Industry: Health, Wellness and Fitness

PROS: With Precoro we have finally defined the purchasing process in our office, every stage now has a clearer view and transparency.

CONS: It was hard to import all supplier's goods first, but we have dedicated customer success manager that helped us to catalog those goods and import them to the system

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Reviewed By Louie Andre
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