Software Alternatives & Reviews

Precoro VS ArbiMed Inventory

Compare Precoro VS ArbiMed Inventory 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!

ArbiMed Inventory logo ArbiMed Inventory

Cloud-based supply management application for medical and pharmaceutical inventories. Clinical supply inventory management solution designed for small-to-medium-sized medical, dental, infusion, surgical, veterinary, and retina practices.
  • Precoro Landing page
    Landing page //
    2023-09-22

  • 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.

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. Sign up for a 14-days free trial to feel all benefits firsthand.

Sincerely yours, Precoro team

  • ArbiMed Inventory Landing page
    Landing page //
    2023-10-05

Our medical inventory management software helps you track valuable medical/pharmaceutical inventories and assets. With ArbiMed Inventory, medical professionals and administrators can easily track valuable medical assets from the time of purchase to consumption, manage stock levels with par levels settings, and increase profit by analyzing meaningful data from inventory transactions.

ArbiMed Inventory integrates with supplier systems via EDI technology, which helps streamline purchasing workflows, making it easier for medical purchasers to keep track of all orders and make better purchasing decisions. It also enables creating, tracking, and receiving purchase orders, tagging critical info when removing supplies, and transferring drugs between locations. As an independent software company, ArbiMed gives medical practices the freedom to buy from any drug distributor and protects the buying power.

The system is also seamlessly integrated with leading PMS, EHR, and finance software to optimize operational workflows. It enhances the efficiency of medical practices' daily operation, standardizes operation workflow to avoid loss of productivity, missed claims, security, and more.

ArbiMed Inventory provides cutting-edge barcode technology that allows for easy scan in and out instead of manually logging in. It can capture the lot number and expiration date information with one scan so that medical assistants and doctors can track expiring medication easily in the system.

Precoro

$ Details
paid Free Trial $39.0 / Monthly (per user)
Platforms
Web Browser Windows Android iOS Google Chrome Mac OSX Firefox Linux Safari Cloud Chrome OS Opera
Release Date
2015 January

ArbiMed Inventory

$ Details
paid $250.0 / Monthly (Affordable! Free Demo Available! )
Platforms
Firefox Windows iOS Browser Web Android Mac OSX Google Chrome
Release Date
2010 June

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.

ArbiMed Inventory features and specs

  • Integrations: Integrated with Suppliers, Practice Management & EHR Software, Financial Software and more
  • Free Demo: Yes
  • Inventory Managment: Inventory Optimization, Multi-Channel Management, Reorder Management, Par Level, Forecasting, Reporting/Analytics, Supplier Management, and more
  • Barcoding: Barcode Generation, Barcoding/RFID, Scanning, Receiving Labels, Shipping Labels, Custom Labels, Label Templates, Serial Number Tracking
  • Inventory Control: Cost Tracking, Item Management, SKU/UPC Codes,
  • Medical Practice Management Integrations: HIPAA Compliant, EMR / EHR, Patients Records, Multi-Office,
  • Protect Your Buying Power: Be free to negotiate and purchase from any distributor that best fits your needs
  • Streamline Your Clinics Workflow: Yes
  • Accurately Document Each Transaction: Yes
  • Drug Expiration Dates Tracking: Yes
  • One Scan Captures Lot Number & Expiration Dates: Yes
  • Payment & Error Reports Monitoring: Yes
  • Improve Claims Reimbursement: Yes
  • Customer Support: Yes

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.

ArbiMed Inventory videos

Get a Better View of Your Medical Inventory

More videos:

  • Review - Introducing ArbiMed Inventory

Category Popularity

0-100% (relative to Precoro and ArbiMed Inventory)
Small Business
100 100%
0% 0
Inventory Management
0 0%
100% 100
Procurement And Purchasing
Medical Practice Management

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 ArbiMed Inventory

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

ArbiMed Inventory Reviews

15 Best Order Management Software for Inventory Management in 2022
ArbiMed offers 24/7 live and online support as well as in-person training, online training, and webinars.

What are some alternatives?

When comparing Precoro and ArbiMed Inventory, you can also consider the following products

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

SurgiCare Inventory - Learn about SurgiCare Medical Inventory. Read SurgiCare Medical Inventory reviews from real users, and view pricing and features of the Medical Inventory software.

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

Onward Vet - Onward Vet is an easy-to-use cloud-based electronic health records system to enable veterinarians to track their patient data and manage the practice of practitioners.

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

Envi - Scalable medical inventory management solution