Software Alternatives, Accelerators & Startups

Fulcrum Pro VS Precoro

Compare Fulcrum Pro VS Precoro and see what are their differences

Fulcrum Pro logo Fulcrum Pro

We make software. For manufacturers. Really awesome software. That works well, and is pretty. Why? Faster rockets. Better cars. Cheaper production. What would happen if everything could be made 30% faster, better, stronger? Let's create that future

Precoro logo Precoro

Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics — all in one easy-to-use platform!
  • Fulcrum Pro Landing page
    Landing page //
    2023-10-10

Fulcrum, a product by Atlas Solutions, is a SaaS enterprise ERP, MRP, and MES platform allowing small and mid-sized manufacturers to improve efficiency through workflow optimization and automated data collection. Fulcrum delivers value through a fully digital, paperless workflow leveraging machine learning, automation, predictive analytics, and advanced heuristics to drive throughput and profitability.

Software doesn't have to be complicated. The software you use in your personal life (Facebook, Uber, Amazon, etc.) is intuitive and you don't need training to understand how it works. Why should your business software be any different? We're helping manufacturers transition to cutting edge, future-proof software that lowers the stress of everyday operations, get more out of good employees that are difficult to hire, automate tedious tasks, and operate more efficiently than competitors.

Manufacturing is changing. Are you still using flip phone technology in an iPhone world?

  • Precoro Mobile App (IOS & Android)
    Mobile App (IOS & Android) //
    2024-05-30
  • Precoro Dashboard
    Dashboard //
    2024-05-30
  • Precoro Purchasing documents
    Purchasing documents //
    2024-05-30
  • Precoro Approval workflow
    Approval workflow //
    2024-05-30
  • Precoro Budgeting
    Budgeting //
    2024-05-30

  • Approve documents 2,5x faster from any device using email or Slack notifications. Streamline approval workflow by adding as many steps as you need and assigning specific roles for colleagues.

  • Save up to 19% of your purchasing budget. Track discounts and never spend more than planned. Increase cash flow transparency by monitoring corporate expenses (including reimbursements). Get clear analytics and insightful reports to plan your procurement strategy more thoughtfully.

  • Reduce manual data entry. Create, approve and track POs just in a few clicks or transfer your orders from Amazon Business via Punch-in. Manage suppliers, item catalogs, inventory, and more within one platform.

  • Connect Precoro with your ERP and other business tools using ready-made integrations (NetSuite, QuickBooks, Xero) or a free API. Forget about duplicated payments and manual document matching.

  • Keep all your data secure with SSO and reliable 2-factor authentication.

  • Available for both iOS and Android devices, the Precoro mobile app brings key aspects of your procurement workflow into the palm of your hand.

Precoro's user-friendly interface lets you forget about complex onboarding and long-lasting training. You'll get advisory and support from your CSM anytime you need it. Precoro grants you access to all features and updates regularly.

Sincerely yours, Precoro team

Fulcrum Pro

$ Details
paid $500.0 / Monthly
Platforms
Google Chrome Browser Windows Android iOS Web Mac OSX REST API
Release Date
-

Precoro

$ Details
paid Free Trial $249.0 / Monthly (for "Core" package)
Platforms
Web Browser Windows Android iOS Google Chrome Mac OSX Firefox Linux Safari Cloud Chrome OS Opera
Release Date
2015 January
Startup details
Country
United States
State
New York
City
Brooklyn
Founder(s)
Andrew Zhyvolovych
Employees
50 - 99

Fulcrum Pro features and specs

  • Easy to Set-up and use: Yes
  • Clean UI: Yes
  • Integrations: Yes
  • Analytics and Reporting: Yes
  • Automated workflow: Yes
  • Real time collaboration: Yes
  • Unlimited User Seats: Yes

Precoro features and specs

  • Purchase Requests: All the requests in one place. Clear statuses. Streamlined approval workflow. Ecommerce experience with a product catalog. Request analytics.
  • Purchase Orders: Automatic Purchase Order creation. Instant conversion of Requests into Orders. Automatic supplier sending. File attachments, PO export. Internal comments.
  • Approval Workflow: Customisable approval workflow. Approvals on locations, departments, custom fields. Smart notifications. Thresholds and policies for a precise routing. Mobile on-the-go approvals.
  • Budget management: Budget for locations, departments, custom fields. Automatic budget limits Insightful reports. Real-time budget control with a progress bar. Bulk upload and management.
  • Reporting: Three types of report: visual, standard and custom. 20 filters for precise reports. 2-click access to the real-time data. 120+ customizable fields for custom reports. Export into your accounting software.
  • Integrations: No more manual data entry for accounting teams. Two types of integration: automatic and flat-file Integrate with QuickBooks Online, Xero, NetSuite, etc. Purchase Orders, Invoices, Suppliers and Statuses matched. Automatic field matching for flat-file integration.
  • Inventory Tracking: Warehouse management. Stock tracking. Good receipts for the warehouse. Stock requests and approvals. Stock transfers.
  • 3-way matching: Purchase Order <-> Receipt <-> Invoice … all matched in real time. Discrepancy tracking. Supplier's invoices tolerance rates. Customisable exceptions and additional workflows. Order revision.
  • Supplier Management: Suppliers Portal. Infinite product catalog. Contract Management Reports on supplier performance. Suppliers list and contact storage.
  • User Management: User access restrictions. Multiple countries, various currencies, and all your offices in one account. Single Sign-On with PingOne, Azure AD, OKTA, Keycloak. 2-factor authentication. No training required.
  • Reimbursement management: The Expenses module allows you to cover requests for reimbursement of spent money and corporate expenses.
  • Mobile App: Available for both iOS and Android devices, the Precoro mobile app brings key aspects of your procurement workflow into the palm of your hand.

Fulcrum Pro videos

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Precoro videos

What is Precoro?

More videos:

  • Demo - Streamlined approvals, smart budgeting and expense tracking, automated PR and PO processing — all in one procurement software. Precoro is simple to use, fast to implement. Enjoy a broad range of features, including integrations with NetSuite and Quickbooks, and free API. Get total security with SSO and reliable 2-factor authentication, and gain transparency of the procurement process through automated reporting. All features are available in all plans. There are no hidden fees or complicated pricing tiers.

Category Popularity

0-100% (relative to Fulcrum Pro and Precoro)
ERP
100 100%
0% 0
Small Business
0 0%
100% 100
Manufacturing ERP
100 100%
0% 0
Procurement And Purchasing

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Fulcrum Pro and Precoro

Fulcrum Pro Reviews

  1. Has the potential to become the key driver of growth in your manufacturing company
    What do you like best?

    We have been implementing and using Fulcrum at our manufacturing firm in New Zealand since December 2020. Our company has a headcount of 25, half spread across sales, marketing, engineering and admin, and the remainder as production team members working on the shop floor. We’ve doubled our headcount in the last 12 months, and are looking for tools to help us scale more rapidly. We believe that looking back in 5 years from now, Fulcrum may well be the tool that had the biggest effect on our growth.

    The launch team that we were paired with from day one of our implementation were instrumental in our successful launch. We had weekly video calls with them to help us understand the basics, they answered our myriad of questions and they helped us with preparing the data we needed to get Fulcrum live, but it’s also fair to say the implementation did take us a lot longer than first anticipated. A lot of these delays came down to the data set that we had. Our BOM’s were lacking clarity, and the process of getting the data into Fulcrum was not very streamlined. More details about this are in the section below.

    We rolled out a staged launch of Fulcrum in our business, with key components being switched over from the outgoing systems over the course of around 6 months. First Inventory management, then Jobs, and then lastly the Job Tracking component that is utilised on the shop floor by our production team members. We also had to complete a full stocktake on the day Job Tracking went live, to ensure the system had all the right information for scheduling.

    We are still getting our team completely up and running on Fulcrum’s automated schedule, but once we do, we believe that the superhuman knowledge of the Scheduler understanding every product, sub-component, machine, operation, staff member, inventory level, lead time and many more data points will allow us to scale our manufacturing at a rate not possible via anything else we’ve seen in the market.

    What do you dislike?

    We have a good relationship with the key staff at Fulcrum. From their implementation team, right through to their CEO. This is because their company is young, the product is still maturing, and they are experiencing the same growing pains that we are - and so with that, we have a lot of communication with them regarding the product, and the resolution of the problems or questions that we raise.

    We believe the core of the product is sound. The Scheduler is the magic sauce, and it works. But the user experience within the product from onboarding right through to day-to-day usage of the system by our team has room for improvement. It is also accurate to say that they are improving it. The product has been refined incrementally over the 10 months we have been using it and we hear that the pace of improvement will only increase into the future as they scale up their engineering team.

    Regarding the setup process. We have less than 2000 unique item numbers in our company, spread across 10 or so core products. Unfortunately, our previous inventory system kept these as flat BOM’s, so adding the data to tree those products for Fulcrum to understand took us a lot of time. Being based in New Zealand also didn’t help, as we needed a US-based Fulcrum team member to upload our data set each time we had another version to test. Due to the timezone differences, this was usually just a once per day operation whereas if the upload was possible via a user-facing page, we believe we could have been testing uploads multiple times per day. I wouldn’t be surprised if Fulcrum launch their own upload tool in the future just to take that load off their launch teams.

    There are a lot of other unique “Fulcrum characteristics” in the platform, that we’re not used to experiencing in other more mature SAAS platforms, but thankfully these are decreasing weekly, and we look forward to the system eventually being simple, clear and robust enough for all our staff to understand and use without too much oversight.

    Finally, the lack of quality user documentation due to the rapidly evolving platform also hindered our onboarding timeline as most information was learnt during our weekly meeting. While the meetings were good and I understand the reason behind the lack of docs so far, I was pleased to recently hear that user documentation is high on their priority list.

    What problems are you solving with Fulcrum PRO? What benefits have you realized?

    Our end goal for implementing Fulcrum at our company is to help enable rapid, scalable growth. More product out the door, faster and easier than before. We expect we will see that in the future, but because we’re only a few months into what we believe will be a multi-year journey, we’re not yet able to conclude whether this was made possible with Fulcrum.

    In the meantime, the process of preparing our data for entry into Fulcrum immediately gave us better quality BOMs. The flow-on effects from that mean better purchasing and inventory management. We also have greater visibility around what the team are completing each day and the real cost of manufacture.

    However, the key thing we’re still waiting to see the results from is the Scheduler. Once our production team members start to trust the Scheduler and work on what it asks them to work on, we believe that is when we will start to see efficiencies previously not imagined possible.

    🏁 Competitors: Vtelebyte

Precoro Reviews

  1. PRs, POs, invoices, vendor catalog - all in one system

    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.

    🏁 Competitors: Procurify
    👍 Pros:    Reimbursement management|Purchase order management|Supplier management|Financial reporting|Handy dashboard|Ease of use
    👎 Cons:    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
  2. Easy onboarding and great value for money

    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.

    🏁 Competitors: Procurify
    👍 Pros:    We'll never go back to excel spreadsheets again. one solution meets all our needs and even more. visible approval workflow, budget section for each department, custom reporting fields, and item catalog make purchasing very easily manageable.
    👎 Cons:    Nothing, everything that becomes an issue is easily taken care of by their customer success team.
  3. Very helpful software, easy to use!

    Each employee has access to Precoro at least for purchase requisition creation. This is very convenient because the budgets of each department are visible to their employees. Attachments and comments can be added to the requisitions, and items are added directly from the loaded catalog. All subsequent docs (from purchase order to receipt) are created automatically, significantly saving time. All statuses can be tracked in real-time and are always correct. The approval process is customizable; creating 1 or more stages to comply with the company's rules is possible.

    🏁 Competitors: Procurify
    👍 Pros:    High level of adaptation to the specific processes of each company or department|Customer support team to help set up processes, conduct employee training, and solve all related issues.|Saving time for all employees by automating and speeding up the ordering process|Precise cost analytics for efficient planning and budget management|Improved communication with the finance department
    👎 Cons:    We didn't have the option to add attachments when creating a vendor, but precoro fixed that in the last update.

Top 9 Procurement Tools for SMBs (2024)
Moreover, Precoro improves your purchasing system by improving your approval workflow. Workflow stages such as request process, purchase orders, approval, billing, and invoice management can be done electronically with this tool.
Source: geekflare.com
10 Best Procurement Management Software Tools in 2023
Precoro comes with a lot of features for requesting, approving, ordering, contract management, and controlling procurement. Precoro is totally customizable and you have the freedom to automate just about anything. 🤖
Source: clickup.com

Social recommendations and mentions

Based on our record, Fulcrum Pro seems to be more popular. It has been mentiond 7 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Fulcrum Pro mentions (7)

  • Ask HN: Who is hiring? (February 2024)
    The market tells us we’re on the right track and we're growing. Currently seventeen developers. (Many from HN!). Series A-2: https://fulcrumpro.com/ignite We’re serious about doing great work and we empower people to make it happen. Our favorite tools include C#, Angular, Vue, and serverless TypeScript. We’re primarily interested in finding intensely smart people with talent at their fingertips, regardless of what... - Source: Hacker News / 4 months ago
  • Where do manufacturers (especially smaller ones) get their news and info?
    While we have some initial customers in a wide range of industries, we've focused more and more on sheet metal and CNC shops that are roughly 8 - 80 employees with a stronger desire for more modern software (typically at a generational change, or a younger company). Would love your thoughts (fulcrumpro.com) even if you don't think it's a great fit. Source: over 1 year ago
  • Where do CNC folks get their news and content?
    Would love your thoughts even if it's not a great fit: fulcrumpro.com. Source: over 1 year ago
  • Looking for a Production Planning software
    Give a look at fulcrumpro.com — some great functionality in there for scheduling and job costing. Source: over 1 year ago
  • Ask HN: Who is hiring? (September 2022)
    Fulcrum | Full Stack Developer | MSP, NYC | $110k - 250k+, benefits, and equity | Full-time, REMOTE-US AND ONSITE | https://fulcrumpro.com // Apply: https://fulcrumpro.com/job-listing?jobID=b3d9da4c-6ed7-4f6d-a264-2be76745c351 What we’re doing: We’re building the manufacturing operating system of the future based on modern software architecture and design principles, engineered to create network effects as we... - Source: Hacker News / over 1 year ago
View more

Precoro mentions (0)

We have not tracked any mentions of Precoro yet. Tracking of Precoro recommendations started around Mar 2021.

What are some alternatives?

When comparing Fulcrum Pro and Precoro, you can also consider the following products

MRPEasy - Cloud-based ERP Software for Small Manufacturers (10 - 200 employees)

Ariba - Ariba is a software and information technology services platform providing companies with collaborative business commerce solutions.

Katana MRP - Katana Cloud Inventory gives you a live look at all the moving parts of your business — sales, inventory, and beyond. Combining a visual interface and smart real-time master planner, Katana makes managing inventory and manufacturing intuitive.

Procurify - Reinvent the way organizations spend to make the purchasing process more accessible, manageable and convenient.

Smoothops - Smooth production with smoothops manufacturing software.

ProcurementExpress - ProcurementExpress.com is a powerful, user-friendly online purchase order management system. End Your Wasted Spend. Simple. Fast & Effective.