Software Alternatives, Accelerators & Startups

Precoro VS MasterControl

Compare Precoro VS MasterControl and see what are their differences

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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!

MasterControl logo MasterControl

Life Changing Products, Flawlessly Manufactured.
  • 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

  • MasterControl Landing page
    Landing page //
    2024-05-30

1,100+ companies get safer products to market faster using MasterControl's connected QMS, MES, and EBR software. Improve manufacturing performance and quality assurance with software made for a modern world.

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

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.

MasterControl features and specs

  • Comprehensive Quality Management
    MasterControl offers a wide array of quality management tools that can help organizations meet compliance and regulatory requirements effectively.
  • User-Friendly Interface
    The software features a user-friendly interface that makes it easier for employees to adopt and utilize its various functions.
  • Scalability
    MasterControl is designed to scale with the growth of your organization, making it a flexible option for companies of all sizes.
  • Regulatory Compliance
    The platform helps businesses adhere to various regulatory standards, such as FDA, ISO, and other global guidelines.
  • Cloud-Based Solution
    Being a cloud-based platform, it eliminates the need for extensive IT infrastructure and enables remote access.
  • Robust Customer Support
    MasterControl offers excellent customer support, including training and consulting services, to ensure smooth implementation and usage.

Possible disadvantages of MasterControl

  • High Cost
    The pricing for MasterControl can be high, which might be a barrier for smaller companies or startups.
  • Complexity
    Due to its vast array of features, new users or smaller teams may find the software complex and overwhelming initially.
  • Customization Limitations
    While the software is robust, some users may find it difficult to customize certain features to meet very specific needs.
  • Integration Challenges
    Integrating MasterControl with existing systems and software can sometimes be a challenge and may require additional IT resources.
  • Learning Curve
    Despite a user-friendly interface, the extensive capabilities of the software can result in a steep learning curve for some users.
  • Periodic Downtime
    As a cloud-based platform, users may occasionally face downtime or performance issues, which can hinder the workflow.

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.

Analysis of MasterControl

Overall verdict

  • MasterControl is generally considered a reputable and effective Quality Management Software (QMS) solution, particularly for industries such as life sciences and pharmaceuticals.

Why this product is good

  • MasterControl offers a comprehensive suite of tools designed to streamline compliance and quality processes. It is known for its robust features, including document control, training management, audit management, and more. The platform is highly configurable, allowing it to meet specific regulatory requirements, which is crucial for companies in highly regulated industries. Additionally, users often praise its customer support and integration capabilities.

Recommended for

  • Life Sciences Companies
  • Pharmaceutical Companies
  • Medical Device Manufacturers
  • Biotechnology Firms
  • Food & Beverage Industries
  • Any industry requiring strict compliance and quality control

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.

MasterControl videos

MasterControl Quality Management System (QMS) Demo

Category Popularity

0-100% (relative to Precoro and MasterControl)
Procurement And Purchasing
Quality Management
0 0%
100% 100
Small Business
100 100%
0% 0
Governance, Risk And Compliance

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 MasterControl

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

MasterControl Reviews

Compare Valiqa to Kneat, ValGenesis, MasterControl, GoVal, and Validfor | Valiqa
Both are enterprise-grade platforms built for large pharma and life sciences quality organizations, so the answer depends on what you need. ValGenesis is a validation lifecycle platform (VLMS) focused on document assembly and execution. MasterControl is a broader QMS covering document control, CAPA, and change control alongside validation. Neither is self-serve, both are...
Source: valiqa.io

What are some alternatives?

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

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

Qualio - Qualio is a web based quality management platform that simplifies compliance for small to mid sized life sciences companies.

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

ComplianceQuest - CQ Comprehensive EQMS and HSEQ or QHSE Software is 100% cloud-based compliance software system & solution, built and run on the Salesforce platform.

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.

EtQ Reliance - QMS integrates data to reduce risk and ensure compliance.