Software Alternatives, Accelerators & Startups

OpenStack VS Precoro

Compare OpenStack VS Precoro and see what are their differences

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OpenStack logo OpenStack

OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, managed through a dashboard or via the OpenStack API.

Precoro logo Precoro

Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics โ€” all in one easy-to-use platform!
  • OpenStack Landing page
    Landing page //
    2023-07-22
  • 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

OpenStack

Pricing URL
-
$ Details
Platforms
-
Release Date
-

Precoro

$ Details
paid Free Trial $499.0 / 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
100 - 249

OpenStack features and specs

  • Open Source
    OpenStack is open source, which means there is no licensing fee and a broad community of users and developers contributes to its development and support.
  • Flexibility
    It supports a wide variety of hardware and software, allowing organizations to customize their cloud infrastructure to meet specific needs.
  • Scalability
    OpenStack can scale horizontally, allowing organizations to add or remove resources as their needs change, effectively managing large pools of compute, storage, and networking resources.
  • Vendor Neutrality
    Being vendor-neutral, OpenStack offers flexibility to avoid vendor lock-in and choose from a wide range of compatible technologies and service providers.
  • Community Support
    A large and active community provides extensive documentation, forums, and support, which can be very helpful for troubleshooting and development.

Possible disadvantages of OpenStack

  • Complexity
    Setting up and managing OpenStack can be complex and requires a significant level of expertise, which may necessitate specialized training for staff.
  • Performance Overhead
    Being a feature-rich platform, it often involves more performance overhead compared to other simpler, more streamlined services.
  • Resource Intensive
    OpenStack can be resource-intensive in terms of CPU, memory, and storage, which might not be suitable for all organizations, especially smaller ones with limited resources.
  • Interoperability Issues
    Integrating OpenStack with existing systems and third-party tools can sometimes present challenges, especially when dealing with legacy infrastructure.
  • Evolving Platform
    The platform is constantly evolving, which can be both a pro and a con. Keeping up to date with the latest releases and changes can be time-consuming and may require ongoing maintenance.

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 โ€ฆ 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.

Analysis of OpenStack

Overall verdict

  • OpenStack can be an excellent choice for businesses and enterprises looking to deploy a cloud infrastructure, particularly if they value flexibility, scalability, and control over their environment. Being open-source, it also offers cost advantages compared to proprietary solutions, provided the organization has the necessary expertise to manage and maintain it. However, it may be challenging for smaller teams without dedicated IT resources due to its complexity and the steep learning curve associated with its deployment and management.

Why this product is good

  • OpenStack is a popular open-source cloud computing platform that enables users to build and manage both public and private clouds. It offers a flexible and scalable solution for organizations that need to handle large amounts of data and infrastructure. OpenStack is developed by a vast community of developers and organizations, ensuring continuous improvement and adaptation to new technologies. It supports a wide range of APIs, which allows for customization and integration with other services and tools.

Recommended for

    OpenStack is particularly recommended for large enterprises, organizations with skilled IT teams, academic institutions, and service providers that need a highly customizable and scalable cloud solution. It's also a great fit for entities with specific compliance requirements or those that need to run a private cloud with tailored configurations.

Analysis of Precoro

Overall verdict

  • Overall, Precoro is well-regarded as a reliable and efficient tool for businesses seeking to optimize their procurement processes and enhance spend management.

Why this product is good

  • Precoro is considered a good procurement and spend management solution because it offers features such as purchase order management, invoice processing, and budget tracking. It is designed to streamline procurement workflows, improve transparency, and control over spending. Users appreciate its user-friendly interface, real-time analytics, and customizable reporting features that enhance decision-making.

Recommended for

    Precoro is recommended for small to medium-sized businesses and organizations that need to automate their procurement processes, improve cost control, and enhance transparency in purchasing and spending. It is suitable for companies across various industries looking for a scalable solution to manage their procurement activities efficiently.

OpenStack videos

OpenStack Summit Primer, The Who, What, Why and How of OpenStack

More videos:

  • Review - Red Hat OpenStack Platform GPU use case
  • Review - Performance Analysis Review for Production OpenStack Private Cloud in SaaS

Precoro videos

What is Precoro?

More videos:

  • Demo - Streamlined approvals, smart budgeting and expense tracking, automated PR and PO processing โ€” 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 OpenStack and Precoro)
Cloud Computing
100 100%
0% 0
Procurement And Purchasing
VPS
100 100%
0% 0
Small Business
0 0%
100% 100

User comments

Share your experience with using OpenStack and Precoro. For example, how are they different and which one is better?
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Reviews

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

OpenStack Reviews

35+ Of The Best CI/CD Tools: Organized By Category
OpenStack is a cloud framework. It provides users and enterprises with horizontal scale infrastructure. Its tools allow you to compute, store and share data and resources. It also provides self-service administration that users can interact with directly.

Precoro Reviews

  1. Andrii
    ยท co-founder at Effy ยท
    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.

    ๐Ÿ Competitors: Procurify
    ๐Ÿ‘ Pros:    Reimbursement management|Purchase order management|Supplier management|Financial reporting|Handy dashboard|Ease of use
    ๐Ÿ‘Ž 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. dkulaksyz
    ยท PM at Stripo Inc ยท
    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.

    ๐Ÿ Competitors: Procurify
    ๐Ÿ‘ 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.
    ๐Ÿ‘Ž Cons:    Nothing, everything that becomes an issue is easily taken care of by their customer success team.
  3. Amy
    ยท Operations Manager at Expandi ยท
    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.

    ๐Ÿ Competitors: Procurify
    ๐Ÿ‘ 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
    ๐Ÿ‘Ž 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. ๐Ÿค–
Source: clickup.com

Social recommendations and mentions

Based on our record, OpenStack seems to be more popular. It has been mentiond 2 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.

OpenStack mentions (2)

  • Learn OpenStack by Example: Part 1 - Install DevStack
    In my first post, I looked into what is OpenStack and how, if done right, can be quite a powerful ally in our cloud deployment strategies. In this post, I want to start looking at how we can create an application to learn the basics and components of the system. - Source: dev.to / about 5 years ago
  • Learn OpenStack by examples: Part 0 - Summary and Goals
    While searching for solutions and documentation on the various problems I've come across, I would often see references to OpenStack and it got my curiosity going. What is OpenStack? What services does it offer and who owns it? How do I learn to use it? What are it's costs and limitations? - Source: dev.to / about 5 years ago

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 OpenStack and Precoro, you can also consider the following products

Linode - We make it simple to develop, deploy, and scale cloud infrastructure at the best price-to-performance ratio in the market.

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

DigitalOcean - Simplifying cloud hosting. Deploy an SSD cloud server in 55 seconds.

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

Microsoft Azure - Windows Azure and SQL Azure enable you to build, host and scale applications in Microsoft datacenters.

BuyerQuest - BuyerQuest is the cloud platform for buying at work. The only provider offering true one-stop shopping for goods and services for everyone in your organization. Join the procurement revolution.