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Precoro VS FirsTech

Compare Precoro VS FirsTech and see what are their differences

Precoro

Precoro is an Agentic Procurement & AP Centralization Platform. Automated purchasing, simple sourcing, and spend analytics, all in one easy-to-use platform!

Rating
5.0 · 7 reviews
Pricing
Paid Free trial $499 / Monthly (for "Core" package)
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FirsTech

Firstech provides seamlessly process image cash letters and NACHA formatted ACH File. We also offer BAI and EDI format reporting to our clients, which others dont.

Rating
0 reviews
Pricing
Paid $1,000 / Monthly (per report)
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meetergo
GDPR-compliant meeting scheduling hosted in Germany. Booking pages, built-in video calls, lead routing, CRM and payments in one tool, with all data stored in Frankfurt and a data processing agreement (DPA/AVV) included. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Base details

Website, pricing, platforms and company facts side by side.

Precoro
FirsTech
Website precoro.com firstechpayments.com
Pricing
Paid Free trial $499 / Monthly (for "Core" package) Official pricing
Paid $1,000 / Monthly (per report)
Platforms
Web Browser Windows Android iOS Google Chrome Mac OSX Firefox Linux Safari Cloud Chrome OS Opera +10
Browser
Company Startup from the United States · 100 - 249 employees · 2015 1984
Listed in
Small Business Accounting Procurement And Purchasing Enterprises Procurement Software Purchasing Procurement Management Supply Chain Management Vendor Management +6
Banking Online Payments Merchant Solutions

About Precoro and FirsTech

In their own words, as submitted to SaaSHub.

Precoro
FirsTech

With Precoro's Purchasing Crew, 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 with the Spend Intelligence...

Read more about Precoro

As a subsidiary of a financial institution, FirsTech provides unique opportunities for you that differentiate us from the competition. We can seamlessly provide you with the ability to process image cash letters and NACHA formatted ACH files, as well as provide specific reporting—such as BAI and...

Read more about FirsTech

Features and specs

What each product offers, as listed by its team.

Precoro 12 features
FirsTech 4 features
  • 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.
  • Comprehensive Payment Solutions
    FirsTech offers a wide range of payment processing services including ACH, credit card processing, and online payments, making it a versatile option for businesses.
  • Customer Support
    They provide robust customer support options, ensuring that clients can get help when they need it.
  • Security
    FirsTech implements strong security measures to protect sensitive financial data, which is crucial for businesses handling payment transactions.
  • Integration
    The platform offers numerous integration options with other business software, which can streamline operations and improve efficiency.

Possible disadvantages

  • Pricing Transparency
    There may be a lack of transparent pricing on their website, which can make it difficult for potential customers to evaluate cost-effectiveness.
  • Complexity for Small Businesses
    The range of services might be overwhelming for small businesses that don’t require such comprehensive solutions.
  • Learning Curve
    The platform could have a learning curve for new users, especially those not familiar with payment processing systems.
  • Customization Needs
    Although it offers many features, some businesses may find they require custom solutions that FirsTech does not readily offer.

Analysis

An editorial look at what each product does well and who it suits.

Precoro
FirsTech

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.

Overall verdict

  • FirsTech appears to be a legitimate B2B payment processing and bill payment technology provider, primarily serving utilities, municipalities, and billing organizations rather than individual consumers. It seems to be a niche, established player in the bill payment space rather than a consumer-facing fintech app, so its 'goodness' depends heavily on whether you're a business looking for payment infrastructure or an individual searching for a payment app.

Why this product is good

  • Specializes in bill payment processing for utilities and service providers, suggesting industry-specific expertise
  • Offers multiple payment channel integrations (online, phone, mail, in-person) which is valuable for organizations with diverse customer bases
  • Likely provides compliance and security features necessary for handling recurring bill payments
  • Appears to focus on B2B enterprise solutions rather than spreading thin across many market segments

Recommended for

  • Utility companies and municipalities needing bill payment processing infrastructure
  • Billing organizations looking for multi-channel payment collection tools
  • Businesses seeking to outsource complex payment reconciliation and processing
  • Enterprises requiring a specialized, industry-focused payment partner rather than a general-purpose processor

Videos

Walkthroughs and reviews on video.

Precoro 2 videos + Add
FirsTech 1 video + Add

What is Precoro?

More videos

  • - 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.

FirsTech: History & Heritage

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Precoro
FirsTech
100% 100%
Procurement And Purchasing
0% 0%
0% 0%
Online Payments
100% 100%
100% 100%
Accounting
0% 0%
0% 0%
Merchant Solutions
100% 100%

User comments

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Precoro 5.0 · 7 reviews
FirsTech no reviews yet
  • Top 9 Procurement Tools for SMBs (2024)
    geekflare.com · Jan 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...

  • 10 Best Procurement Management Software Tools in 2023
    clickup.com · Sep 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. 🤖

  • PRs, POs, invoices, vendor catalog - all in one system
    SaaSHub review
    · Jun 2022

    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...

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We have no reviews of FirsTech yet. Be the first one to post

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