Precoro Reviews and Details

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Features & Specs

1. Purchase Requests

   All the requests in one place. Clear statuses. Streamlined approval workflow. Ecommerce experience with a product catalog. Request analytics.

2. Purchase Orders

   Automatic Purchase Order creation. Instant conversion of Requests into Orders. Automatic supplier sending. File attachments, PO export. Internal comments.

3. 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.

4. 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.

5. 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.

6. 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.

7. Inventory Tracking

   Warehouse management. Stock tracking. Good receipts for the warehouse. Stock requests and approvals. Stock transfers.

8. 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.

9. Supplier Management

   Suppliers Portal. Infinite product catalog. Contract Management Reports on supplier performance. Suppliers list and contact storage.

10. 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.

11. Reimbursement management

    The Expenses module allows you to cover requests for reimbursement of spent money and corporate expenses.

12. 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.

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Reviews

1. 

   Andrii

   · co-founder at Effy · over 3 years ago
    

   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. 

   dkulaksyz

   · PM at Stripo Inc · over 3 years ago
    

   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. 

   Amy

   · Operations Manager at Expandi · over 3 years ago
    

   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.

4. 

   Olha Kondratenko

   · Facebook ads expert at Apiway · over 3 years ago
    

   Easy-to-use, powerful, and very helpful!

   The system is very convenient for managing the purchasing process in several locations, projects, or departments. Requests, purchase orders, invoices, stock control, vendor data, and catalogs in one place. It’s pretty simple to manage spends. We can set up budgets in a few clicks and track them through the progress bar in real-time. Reports are very customizable, so we can create a quarterly or annual report with all data we need without manual work.

   🏁 Competitors: Procurify

   👍 Pros:    Centralizing all purchasing data|Streamlining the approval cycle and speeding up the ordering process|Spend analysis and budget control|Flexible and customizable workflow for each department or project

   👎 Cons:    So far, everything has worked excellently for our company.

5. 

   Vira

   · Operations Manager at Netpeak Software · over 3 years ago
    

   Happy Precoro customer

   This is a handy program for fast-growing companies. We started our way with a small number of orders monthly. Some of them could be in emails, messengers, or spreadsheets. Over time they became too many. They could get lost or paid twice. Since the new departments were added, the number of requests grew. We needed to structure all the information in one place and get more visibility into our spending. Precoro does a great job of that and allows us to track orders, spend, create reports, and coordinate vendors. Most of these processes now go automatically.

   🏁 Competitors: TRADOGRAM

   👍 Pros:    Automatic 3 way matching to eliminate double payments|Product catalogs to compare prices and create pos easily|Reports for every vendor, project, department with all data you need|Budget tracking

   👎 Cons:    Mobile app development (for ios/android)

6. 

   Alisa

   · Manager at WeSoftYou · over 3 years ago
    

   Good choice for our team!

   It's simple to register necessary purchases and subscriptions, streamline the approval cycle, and get reports to analyze expenses. "Custom fields" is a perfect match for us. We can set up an approval workflow and share responsibility between departments.

   🏁 Competitors: Procurify

   👍 Pros:    Editing the catalog data is very easy.|Comparing prices to make the right decisions.|Fast approvals with specific roles for colleagues.|Visual analytics and budget control for each department.|Ability to add as many custom fields as we need to cover all processes.|Real-time stock control and warehouse request creation right from the inventory module.

7. 

   Taras Talman

   · Growth Marketing Manager at Approval Studio · over 3 years ago
    

   Good choice for procurement and spend management

   It is much more convenient than storing data in tables, emails, or instant messenger conversations. Manual work that used to take a lot of time is completely reduced. All purchasing data in one place so that we can speed up the ordering process, track requests and purchase orders, and gain complete control of overall spending. The reports module is highly customizable, so we can take the data we need in real-time.

   🏁 Competitors: Kissflow Procurement Cloud

   👍 Pros:    Intuitive and mobile-friendly interface|Easy to implement|Visible approval workflow|Purchase requisition management|Customizable reports|Budget section for locations, departments, or projects.

   👎 Cons:    Inventory management can be too basic for some companies. now, it fully covers our needs.

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