Software Alternatives, Accelerators & Startups

Precoro VS ABBYY FineReader

Compare Precoro VS ABBYY FineReader and see what are their differences

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!

ABBYY FineReader logo ABBYY FineReader

ABBYY's latest PDF editor software, FineReader 16 you can easily convert files like PDF to Excel, PDF to Word, edit, share, collaborate & more with this PDF editor!
  • 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

  • ABBYY FineReader View, edit, and convert PDFs or compare different versions
    View, edit, and convert PDFs or compare different versions //
    2024-02-22
  • ABBYY FineReader Edit PDFs almost like a Word document and rewrite text paragraphs, edit the content in tables, or rearrange the layout.
    Edit PDFs almost like a Word document and rewrite text paragraphs, edit the content in tables, or rearrange the layout. //
    2024-02-22
  • ABBYY FineReader Convert paper documents or files in multiple formats into searchable PDFs (compliant with ISO specifications) or convert PDFs into Microsoft® Word, Excel®, and more than 15 other formats
    Convert paper documents or files in multiple formats into searchable PDFs (compliant with ISO specifications) or convert PDFs into Microsoft® Word, Excel®, and more than 15 other formats //
    2024-02-22
  • ABBYY FineReader Fill out fields in interactive PDF forms.
    Fill out fields in interactive PDF forms. //
    2024-02-22
  • ABBYY FineReader Share ideas, collect feedback from the team, and get documents approved.
    Share ideas, collect feedback from the team, and get documents approved. //
    2024-02-22

FineReader is an all-in-one OCR and PDF software application designed to increase business productivity. It provides easy-to-use tools to access and modify information locked in paper-based documents and PDFs.

ABBYY FineReader PDF 16 for Windows Digitize, retrieve, edit, protect, share, and collaborate on all kinds of documents in the same workflow. Edit digital and scanned PDFs with a newfound ease: correct whole sentences and paragraphs or even adjust the layout. Incorporate paper documents into a digital workplace with AI-based OCR technology to simplify daily work.

ABBYY FineReader PDF for Mac® Manage your documents more easily and perform all document tasks quicker in digital workflows. Convert PDFs, document images and scans with unmatched accuracy Achieve new levels of productivity when converting documents with the latest OCR technology and view and reuse content from PDFs of any kind with ease.

ABBYY FineReader PDF for iOS - The first smart AI-powered scanner that turns your mobile device into an all-purpose tool to quickly capture docs and books, create electronic copies in PDF and JPEG, and extract texts from scans for further editing and sharing.

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

ABBYY FineReader

Website
abbyy.com
$ Details
freemium $16.0 / Monthly (FineReader PDF Standard for Windows)
Platforms
Windows MacOS iOS
Release Date
-

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.

ABBYY FineReader features and specs

  • Edit and organize PDFs: FineReader PDF empowers professionals to maximize efficiency in the digital workplace. Featuring ABBYY’s latest AI-based OCR technology, FineReader PDF makes it easier to digitize, retrieve, edit, protect, share, and collaborate on all kinds of documents in the same workflow.
  • Collaborate on and approve PDFs: Share ideas, collect feedback from the team, and get documents approved. Use collaboration tools to discuss and make decisions directly in a PDF by marking up, commenting on, and drawing within the document.
  • Protect and sign PDFs: Mitigate security risks when sharing and storing PDFs. Apply and verify digital signatures, redact sensitive information, remove hidden data, and manage access to your PDF documents.
  • Create and convert PDFs: Convert paper documents or files in multiple formats into searchable PDFs (compliant with ISO specifications) or convert PDFs into Microsoft® Word, Excel®, and more than 15 other formats to obtain full flexibility when editing and reusing them.
  • Create fillable PDF forms: Create and edit your own interactive PDF forms to effectively collect information and standardize documents. Compose your forms from interactive fields of different types, set actions, edit existing PDF forms, or add form elements to a regular PDF.
  • Compare documents in different formats: Quickly and reliably identify differences between two versions of a document across different formats, including scans. Rest assured that you can quickly identify unauthorized changes, check to see if edits were implemented as agreed, or verify that the document has not been changed at all.
  • Digitize paper documents and scans with OCR: Leverage the digital workplace by digitizing paper and scanned documents for storage and quick, reliable retrieval or to instantly reuse and edit. Experience the unparalleled accuracy of a market-leading, AI-based optical character recognition (OCR) technology and see how it simplifies your paperwork.
  • Optimize digitization and conversion routines: Leverage FineReader PDF functions integrated with Microsoft Office. Take a digital-first approach: capitalize on the advantages of working with PDFs. Automate document conversion routines across document varieties and multiple formats: PDF, Microsoft®Word, Excel®, and more than 15 others.

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.

ABBYY FineReader videos

PDF Editor Software - ABBYY FineReader PDF for Windows (2022)

Category Popularity

0-100% (relative to Precoro and ABBYY FineReader)
Small Business
100 100%
0% 0
OCR
0 0%
100% 100
Procurement And Purchasing
PDF Tools
0 0%
100% 100

Questions and Answers

As answered by people managing Precoro and ABBYY FineReader.

What makes your product unique?

ABBYY FineReader's answer:

If you’ve been using ABBYY FineReader PDF for Windows for a while, you’re probably familiar with some of its most commonly used features, such as scanning, saving, viewing, and navigating PDF documents. What you may not know is that FineReader PDF is the “Swiss Army Knife” of digital document applications, jam-packed with smart features that let you master PDFs in a whole new way. ABBYY uses the latest in artificial intelligence (AI) technology to give you an unprecedented level of control over the documents that power your life—for your family, for school, for your home. To give you just a glimpse of the full power of FineReader PDF, let’s take a quick tour of some of its most advanced features.

Why should a person choose your product over its competitors?

ABBYY FineReader's answer:

Flexible pricing plans: Benefit from one-year or three-year subscription plans On premise – locally installed, even for remote offline use Includes ABBYY's renowned OCR with a standardized workflow for any type of PDF Easy-to-use interface License-sharing capability Progressive volume discounts to reach more users for less budget

Which are the primary technologies used for building your product?

ABBYY FineReader's answer:

FineReader PDF empowers professionals to maximize efficiency in the digital workplace. Featuring ABBYY’s latest AI-based OCR technology, FineReader PDF makes it easier to digitize, retrieve, edit, protect, share, and collaborate on all kinds of documents in the same workflow. Now, information workers can focus even more on their expertise and less on administrative tasks

User comments

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Reviews

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

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

ABBYY FineReader Reviews

7 Best OCR Software of 2022 (Free and PAID)
ABBYY FineReader PDF is the best OCR engine that can help you convert PDFs into editable text files with ease. This powerful tool leverages AI-based OCR technology that can recognize text in over 198 languages, making it perfect for converting PDFs from all over the world.
The best alternatives to Abbyy FineReader
Top five alternatives to Abbyy FineReader PDF1. Klippa DocHorizonPros of Klippa DocHorizonConsKlippa DocHorizon is used in industries such asKlippa DocHorizon offers you data extraction for multiple file types such asPricing2. VeryfiPros of VeryfiConsVeryfi is used in industries such asVeryfi’s OCR software offers data extraction for multiple file types such asPricing3....
Source: www.klippa.com
30 Best Adobe Acrobat Alternatives in 2020
ABBYY FineReader is an OCR and PDF software. It is easy to use PDF tool to increase business productivity with documents. You can access and make changes in the content locked in pdf files and paper-based documents.
Source: www.guru99.com

What are some alternatives?

When comparing Precoro and ABBYY FineReader, you can also consider the following products

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

Adobe Acrobat DC - Make your job easier with Adobe Acrobat DC, the trusted PDF creator. Use Acrobat to convert, edit and sign PDF files at your desk or on the go.

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

Tesseract - Tesseract is an optical character recognition engine for various operating systems

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

NAPS2 - NAPS2 is a document scanning application with a focus on simplicity and ease of use.