Software Alternatives, Accelerators & Startups

Team Procure VS Precoro

Compare Team Procure VS Precoro and see what are their differences

Team Procure logo Team Procure

Team Procure is a flexible solution for all of your procurement needs. Manage strategic sourcing, purchasing, inventory, and spend analysis in one place.

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!
  • Team Procure Create POs
    Create POs //
    2024-01-11
  • Team Procure Track deliveries
    Track deliveries //
    2024-01-11
  • Team Procure Manage suppliers
    Manage suppliers //
    2024-01-11
  • Team Procure Send RFQs and conduct E-Auctions
    Send RFQs and conduct E-Auctions //
    2024-01-11
  • Team Procure Manage inventory
    Manage inventory //
    2024-01-11

Team Procure is a cloud-based procurement suite that empowers businesses to manage their purchasing approvals, purchase orders, suppliers, and inventory.

Conduct RFQ and E-Auction negotiations to secure the best deals with your suppliers. Generate custom reports based on department, project, or category and make data-driven decisions for your procurement strategy.

Team Procure platform caters to both SMBs and Enterprise organizations with the ability to customize our system using powerful software modules:

  • Request Management Module
  • Procurement Management Module
  • RFQ & E-Auction Module
  • Warehouse Inventory Management Module
  • Approval Workflow Module
  • Supplier Management Module

Experience the Team Procure advantage with a 14-day trial period – no credit card required.

  • 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.

Sincerely yours, Precoro team

Team Procure

$ Details
paid Free Trial $250.0 / Monthly (includes 3 users)
Platforms
Web Browser Cloud
Release Date
2016 January

Precoro

$ Details
paid Free Trial $490.0 / 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

Team Procure features and specs

  • Purchase Requisitions: Yes
  • Purchase Oders: Yes
  • Approval Workflows: Yes
  • Supplier Management: Yes
  • RFQ & eAuctions: Yes
  • Budgeting & Spend Analysis: Yes
  • Warehouse Management: Yes
  • Accounting Integrations: Yes

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.

Team Procure videos

Stop Using Emails

More videos:

  • Review - Team Procure Overview

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.

Category Popularity

0-100% (relative to Team Procure and Precoro)
Procurement And Purchasing
Small Business
0 0%
100% 100
Procurement Management
11 11%
89% 89
Expense Management And Reporting

Questions and Answers

As answered by people managing Team Procure and Precoro.

What makes your product unique?

Team Procure's answer

  • Free Trial Account
  • Free Onboarding Support
  • No Long-Term Contracts

User comments

Share your experience with using Team Procure and Precoro. For example, how are they different and which one is better?
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Reviews

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

Team Procure Reviews

Top 9 Procurement Tools for SMBs (2024)
Team Procure also offers a pricing matrix feature, using which companies can manage the bids made by multiple suppliers purchased from the lowest bidder. Since different organizations have varying needs, it allows organizations to create custom approval workflows.
Source: geekflare.com
10 Best Procurement Management Software Tools in 2023
Team Procure handles all approval workflows, purchase orders, and inventory management in one place. We like that this procurement management tool offers custom approval workflows, so you have the freedom to tweak it however you see fit.
Source: clickup.com

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

What are some alternatives?

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

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

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

Coupa - Coupa is a cloud-based suite of financial applications providing spend management solutions to companies.

Kissflow - Kissflow is a workflow tool & business process workflow management software to automate your workflow process. Rated #1 cloud workflow software in Google Apps Marketplace.

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

Order.co - We simplify buying for businesses.