[ Precoro Reviews ](https://www.g2.com/products/precoro/reviews) [ Precoro Reviews ](https://www.g2.com/products/precoro/reviews) # Precoro Features ##### ## Expense Reports (5) Ease of Creating Expense Reports Creation of expense reports takes little time and is intuitive for new users Smart Categorization Automatically assigns categories/accounts based on past entries and credit card statements Digital Receipt Management Provides various methods to easily capture receipts digitally and can automatically parse receipts to create expenses report entries. Methods may include mobile photos, desktop drag and drop, etc. Employee Reimbursement Functionality to reimburse employees directly to their bank account or can easily integrate with payroll system Currency Conversions Enables easy entry of expenses in other currencies and converts to expense report currency Show More ##### ## Client Invoicing (3) Invoice Creation and Delivery Ability to create and send printable or electronic invoices. Includes standard invoice style library that can be customized/branded. Electronic Payments Accepts electronic payments from clients Project Accounting / Revenue Recognition Provides adequate reporting and/or can integrate to AP systems to recognize revenue appropriately Show More ##### ## Mobile (1) Receipt Capture Can easily capture receipts, parse receipts and convert/assign them to a report from mobile device Show More ##### ## Administration (5) Business Tool Integration Provides standard connectors for popular Finance, Payroll, HRMS and CRM systems Workflow Routes Timesheets, Invoices, Expense reports through approval process. Easy to maintain and administer Automated Reminders Sends automatic reminders to employees that have not completed expenses reports and/or timesheets Policy Compliance Management Enables administrators to create rules that enforce compliances of corporate time and expense policies User, Role, and Access Management Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. Show More ##### ## Platform (7) Reporting Access pre-built and custom reports and dashboards. APIs / Integration Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc. with other software applications. Internationalization Enables users to view and transact business with the same content in multiple languages and currencies. Performance and Reliability Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. Mobile User Support Allows software to be easily used on multiple mobile devices include phone and tablet devices. Embedded AI / Machine Learning Offers embedded AI/machine learning Complex Approval Workflow Provides workflow for complex approval structures Show More ##### ## Revenue Recognition (3) Usage Tracking Track usage per company, custom time period, or contract Deferred Revenue Track payments received for products that haven't be delivered yet Revenue Accrual Recognition rules to accrue revenue on a daily or monthly basis Show More ##### ## Setup (3) Data Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. Approvals Define rules and workflows that managers can use to approve different kinds of spending. Alignment Align spending across various departments such as procurement and accounting. Show More ##### ## Performance (4) KPIs Provide standard spend KPIs that can be customized by users. Benchmarks Use historical spend data to create benchmarks per company or department. Forecasting Provide forecasts on future trends that may impact spending performance. Savings Identify savings opportunities per activity, department, or at the company level. Show More ##### ## Planning (8) Processes Manage workflows and business processes for procurement. Contracts Provide standard procurement contracts that can be customized. Content Maintain a repository of content such as catalogs and other documents. Requisition Define requisition rules for various types of procurement. Processses Manage workflows and business processes for procurement. Contracts Provide standard procurement contracts that can be customized. Content Maintain a repository of content such as catalogs and other documents. Requisition Define requisition rules for various types of procurement Show More ##### ## Execution (6) Sourcing Identify and assess suppliers for different products and services. Purchasing Create and manage purchase orders for products and services. Invoicing Include features for procurement invoicing and e-invoicing. Sourcing Identify and assess suppliers for different products and services. Purchasing Electronically create and manage purchase orders for products and services. Invoicing Include features for procurement invoicing and e-invoicing. Show More ##### ## Analytics (12) Visibility Improve visibility into procurement activities across the company. Performance Monitor the performance of procurement operations. Spend Analyze procurement spending and identify future trends. Benchmarking Provide benchmarking options for comparison with peers KPIs Include standard spending KPIs that can be customized Compliance Deliver reports for compliance purposes Errors Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud Visibility Improve visibility into procurement activities across the company. Performance Monitor the performance of procurement operations Spend Analyze procurement spending and identify future trends. Due Dates Track invoices based on due dates to identify overdue payments KPIs Monitor KPIs such as time to process an invoice or erroneous payments Show More ##### ## Data Management (5) Consolidation Consolidate information from multiple sources or multiple entities Classification Classify information by category, supplier, or supplier External Sources Integrate with external sources for market intelligence Integration Integrates with ERP systems general ledgers for transfering of AP transaction data Cleaning Ability to cleanse and consolidate AP data Show More ##### ## RFP Generation (4) Templates Provide standard templates for different types of RFPs RFX Support other types of requests such as RFB/RFI/RFQ Versioning Track versions of RFP documents and related changes Questions Library Maintain a library of questions that can be reused Show More ##### ## RFP Distribution (3) Tracking Track submissions from multiple vendors and suppliers Analysis Compare submissions and score suppliers Selection Choose the best submission for an RFP Show More ##### ## Submissions (4) Collaboration Allow multiple users to collaborate on submissions Knowledge Base Maintain a repository or library of content and documents that can be reused Review RFPs can be reviewed by managers before submission Reporting Create real-time reports to compare data trends across processes, RFPs, vendors or profiles Show More ##### ## Management (4) Approval Use criteria to add or remove suppliers to/from approved lists. Communication Manage communications with suppliers on multiple channels such as phone or email. Documents Capture and maintain documents related to suppliers and their products or services. Receipt of Goods Compare goods received with purchase orders and document variations Show More ##### ## Invoice Management (3) Capture Provide features to capture and record invoices, such as import or scanning Supplier Portal Allow suppliers to submit invoices using an online portal Repository Deliver a central repository of AP documents, such as POs and invoices Show More ##### ## Supplier Management (3) Evaluation Allows users to evaluate supplier performance using standard and custom KPIs. Selection Provide features to compare suppliers and choose the best option for various activities. Risk Management Identify potential issues and how they may impact relationships with suppliers. Show More ##### ## Invoice Processing (3) Matching Ability to match AP invoices to POs, contracts, or payments Payments Identify incomplete or late supplier payments Workflows Include workflows for approvals and invoice processing Show More ##### ## Supplier Information (3) Profiles Create and manage supplier profiles that include contact and pricing information. Qualifications Identify the services and products provided by suppliers, as well as certifications. History Track history of all interactions and business transactions with suppliers. Show More ##### ## Integration (4) Accounting Provide integration with accounting and financial management software Payments Integrate with payment gateways and enterprise payments software ERP Deliver integrations with accounting modules of ERP systems Procurement Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management Show More ##### ## RFP Response (6) Project Management Tracks the progress of any RFP in real time and set milestones to improve efficiency Content Library Updates, organizes, and stores content of a project Access Assign users, roles, and manage access in order to set tasks and leave comments Automation Automate repetitive and manual tasks, such as auto-filling answers and auto-responses Export Export files or spreadsheets with the ability to format and accomidate images Import Upload files or spreadsheets from multiple sources Show More ##### ## Recovery (2) Historical payments Approve, reject, or query historical payment transactions to identify anomalies Overpayments Recover overpayments, duplicate payments, or unused credits from suppliers Show More ##### ## AP Data Processing (3) Workflows Constantly evaluate AP transactions to optimize workflows Transparency Improves management oversight by reconciling external data against internal transaction data Controls Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk Show More ##### ## Payment Cards (3) One-time Virtual Online credit card number that can be instantly sent to employees and used for secure, one-time purchases Recurring Virtual Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services Physical Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets Show More ##### ## Reporting (4) Real time Report on spend transactions as they happen in real time Multiple Views Reports that allow the user to sort and filter by vendor, team, GL, department, etc. Export The ability to export reports in various formats, such as excel, CSV, and Google Sheets Budgets Report on and track spending against budgets Show More ##### ## Payments (4) Vendor Pay vendors through a dashboard or portal and maintain vendor payment information Recurring Manage and execute recurring payments, such as subscriptions, services, utilities, etc. Employee Reimbursements Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment ACH Allows for the electronic transfer of funds between banks Show More ##### ## Fraud & Risk Management (3) Notifications Real-time notifications for fraudulant and/or duplicate spending Unique Cards Individual, unique cards for each vendor to help manage duplicate and overpayments Controls Control spend limits, expiration dates, and lock and unlock stolen or lost cards Show More ##### ## Supplier Marketplace (3) Library Provides a centralized library containing product data. Categorization Enables users to assign custom categories to products. Data Management Creates and manages product catalogs. Show More ##### ## Contract Management (3) Compliance Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. Revenue Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities Negotiations Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. Show More ##### ## Data Collection (3) Spend Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. Compliance Reports Identifies noncompliant spending, fraud, and other activity outside of company policy. Savings Analyzes spending patterns and identifies areas to reduce costs. Show More ##### ## Project Management (3) Dashboard Provides a dashboard for searching and reporting on contracts and projects. Repository Manages contracts in a single, online central repository. Lifecycle Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. Show More ##### ## Agentic AI - RFP (3) Autonomous Task Execution Capability to perform complex tasks without constant human input Multi-step Planning Ability to break down and plan multi-step processes Cross-system Integration Works across multiple software systems or databases Show More ##### ## Agentic AI - Spend Management (1) Proactive Assistance Anticipates needs and offers suggestions without prompting Show More ##### ## Agentic AI - Procure to Pay (1) Multi-step Planning Ability to break down and plan multi-step processes Show More ##### ## Agentic AI - Accounts Payable (AP) and Spend Analysis (1) Decision Making Makes informed choices based on available data and objectives Show More ##### ## Agentic AI - Purchasing (1) Proactive Assistance Anticipates needs and offers suggestions without prompting Show More ##### ## Agentic AI - Vendor Management (1) Decision Making Makes informed choices based on available data and objectives Show More ##### ## Agentic AI - Expense Management (2) Autonomous Task Execution Capability to perform complex tasks without constant human input Cross-system Integration Works across multiple software systems or databases Show More ##### ## Agentic AI - Strategic Sourcing (3) Multi-step Planning Ability to break down and plan multi-step processes Cross-system Integration Works across multiple software systems or databases Adaptive Learning Improves performance based on feedback and experience Show More ##### ## Generative AI - Expense Management (3) Image-to-Text Converts images into a textual description, identifying key elements. Text Generation Allows users to generate text based on a text prompt. Text Summarization Condenses long documents or text into a brief summary. Show More ## Top-Rated Alternatives [ ![Coupa](https://images.g2crowd.com/uploads/product/hd_favicon/50cb69ef8557af98812aefcdf08a77fb/coupa-software-coupa.svg "Coupa") Coupa 4.2/5 (555) ](https://www.g2.com/products/coupa-software-coupa/reviews) [ ![SAP Ariba](https://images.g2crowd.com/uploads/product/hd_favicon/d1325eced74c78f93322576ca6fe3007/sap-ariba.svg "SAP Ariba") SAP Ariba 4.1/5 (741) ](https://www.g2.com/products/sap-ariba/reviews) [ ![Procurify](https://images.g2crowd.com/uploads/product/hd_favicon/5ba508abd224c7460c133e225b34622b/procurify.svg "Procurify") Procurify 4.6/5 (374) ](https://www.g2.com/products/procurify/reviews) [ View All Alternatives ](https://www.g2.com/products/precoro/competitors/alternatives) ## Technology Glossary Features View full feature definition View definitions of the features and discover new technology terms. [View Glossary](/glossary) [Policy Compliance Management](/glossary/policy-compliance-management) Policy and compliance management is a process to centrally manage standards, policies, and internal control processes cross-mapped to external regulatory standards. Learn more about policy and compliance management best practices and the associated benefits. [Mileage Tracking](/glossary/mileage-tracking) Mileage tracking is the process of maintaining a mileage log for reimbursement or tax deduction. See why accurate mileage tracking is crucial for individuals and companies alike. 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