Software Alternatives & Reviews

Precoro VS WFX PLM

Compare Precoro VS WFX PLM 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!

WFX PLM logo WFX PLM

WFX is a Cloud based Apparel PLM software for fashion business managing complete product life cycle and used by over 30,000 users across 30 countries.
  • 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

  • WFX PLM Landing page
    Landing page //
    2023-05-29

WFX PLM is a cloud-based software that can digitize the entire product lifecycle—from design development, sampling, production, quality control to costing and shipment. It centralizes all product information and makes collaboration easier by connecting teams across geographical regions and time zones on a single platform.

WFX PLM can help you achieve faster time to market, reduce costs, improve product quality, make fewer errors, and produce less waste. It will also save your design time by automating manual work and reducing data entry. Use WFX PLM to convert production data and other information into actionable insights with in-built business intelligence reports and visual dashboards that are easy to understand.

Tailored to meet the unique challenges of apparel and fashion businesses, it's a one-stop solution that can be integrated with Adobe Illustrator, NetSuite ERP, AIMS360 ERP, GT Nexus, Fast React, Shopify, SAP, Microsoft Dynamic or any custom build application you may have.

WFX has a 20-year track record of helping some of the world's fastest-growing fashion brands and manufacturers. They've digitally transformed the supply chain, production processes and design workflows of 600+ customers (with 35,000+ active users) in 50+ countries, including Skims, Gorjana, Everlane, Forever New, ELK, Belstaff, OKA, Showpo, Benetton India and SPELL.

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

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.

WFX PLM features and specs

  • Line Planning : Yes
  • Buying Plan: Yes
  • Design Inspiration: Yes
  • Adobe Connector : Yes
  • Artwork: Yes
  • Product & Material Library: Yes
  • Tech Pack: Yes
  • RFQs: Yes
  • Costing: Yes
  • Sample & Feedback: Yes
  • Vendor Compliance: Yes
  • Purchase Order & Production : Yes
  • Final Inspections: Yes
  • Shipments: Yes
  • Vendor Portal : 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.

WFX PLM videos

OAK + FORT Success Story (WFX PLM)

Category Popularity

0-100% (relative to Precoro and WFX PLM)
Small Business
100 100%
0% 0
Fashion Design And Development
Procurement And Purchasing
Digital Transformation Platform

User comments

Share your experience with using Precoro and WFX PLM. For example, how are they different and which one is better?
Log in or Post with

Reviews

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

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

WFX PLM Reviews

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

What are some alternatives?

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

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

TexAMS ERP - ERP for textiles industries is software solution for testiles industries.

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

Zedonk.co.uk - F2iT - provides affordable online software, Zedonk, to help with production and wholesale for small and medium sized apparel/fashion businesses.

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

i.LEVEL - Clothing & Fashion Management Software from i.level. Call one of our clothing industry experts today. Our software is designed for clothing, fashion & jewellery supply chain.