Precoro Features

Creation of expense reports takes little time and is intuitive for new users 21 reviewers of Precoro have provided feedback on this feature.

Based on 20 Precoro reviews. Automatically assigns categories/accounts based on past entries and credit card statements

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. This feature was mentioned in 20 Precoro reviews.

Functionality to reimburse employees directly to their bank account or can easily integrate with payroll system 21 reviewers of Precoro have provided feedback on this feature.

Enables easy entry of expenses in other currencies and converts to expense report currency This feature was mentioned in 20 Precoro reviews.

Ability to create and send printable or electronic invoices. Includes standard invoice style library that can be customized/branded. This feature was mentioned in 20 Precoro reviews.

Accepts electronic payments from clients

Provides adequate reporting and/or can integrate to AP systems to recognize revenue appropriately 20 reviewers of Precoro have provided feedback on this feature.

Based on 21 Precoro reviews. Can easily capture receipts, parse receipts and convert/assign them to a report from mobile device

Provides standard connectors for popular Finance, Payroll, HRMS and CRM systems This feature was mentioned in 19 Precoro reviews.

Based on 20 Precoro reviews. Routes Timesheets, Invoices, Expense reports through approval process. Easy to maintain and administer

As reported in 20 Precoro reviews. Sends automatic reminders to employees that have not completed expenses reports and/or timesheets

Enables administrators to create rules that enforce compliances of corporate time and expense policies This feature was mentioned in 19 Precoro reviews.

Based on 20 Precoro reviews. Grant access to select data, features, objects, etc. based on the users, user role, groups, etc.

Access pre-built and custom reports and dashboards. 20 reviewers of Precoro have provided feedback on this feature.

As reported in 19 Precoro reviews. 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.

Enables users to view and transact business with the same content in multiple languages and currencies. This feature was mentioned in 18 Precoro reviews.

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. This feature was mentioned in 20 Precoro reviews.

Allows software to be easily used on multiple mobile devices include phone and tablet devices. 21 reviewers of Precoro have provided feedback on this feature.

Offers embedded AI/machine learning This feature was mentioned in 11 Precoro reviews.

Based on 20 Precoro reviews. Provides workflow for complex approval structures

Track usage per company, custom time period, or contract This feature was mentioned in 25 Precoro reviews.

Based on 23 Precoro reviews. Track payments received for products that haven't be delivered yet

Recognition rules to accrue revenue on a daily or monthly basis 23 reviewers of Precoro have provided feedback on this feature.

As reported in 44 Precoro reviews. Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

As reported in 49 Precoro reviews. Define rules and workflows that managers can use to approve different kinds of spending.

Align spending across various departments such as procurement and accounting. 48 reviewers of Precoro have provided feedback on this feature.

Provide standard spend KPIs that can be customized by users.

Based on 42 Precoro reviews. Use historical spend data to create benchmarks per company or department.

Provide forecasts on future trends that may impact spending performance. This feature was mentioned in 36 Precoro reviews.

Based on 20 Precoro reviews. Identify savings opportunities per activity, department, or at the company level.

Manage workflows and business processes for procurement. This feature was mentioned in 53 Precoro reviews.

Provide standard procurement contracts that can be customized. This feature was mentioned in 48 Precoro reviews.

Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 51 Precoro reviews.

Based on 51 Precoro reviews. Define requisition rules for various types of procurement.

Based on 59 Precoro reviews. Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized. 55 reviewers of Precoro have provided feedback on this feature.

Maintain a repository of content such as catalogs and other documents. 58 reviewers of Precoro have provided feedback on this feature.

As reported in 61 Precoro reviews. Define requisition rules for various types of procurement

Identify and assess suppliers for different products and services. This feature was mentioned in 48 Precoro reviews.

Create and manage purchase orders for products and services. 54 reviewers of Precoro have provided feedback on this feature.

Based on 52 Precoro reviews. Include features for procurement invoicing and e-invoicing.

As reported in 52 Precoro reviews. Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services. 63 reviewers of Precoro have provided feedback on this feature.

Include features for procurement invoicing and e-invoicing. This feature was mentioned in 60 Precoro reviews.

Improve visibility into procurement activities across the company. 53 reviewers of Precoro have provided feedback on this feature.

Based on 51 Precoro reviews. Monitor the performance of procurement operations.

Analyze procurement spending and identify future trends. This feature was mentioned in 52 Precoro reviews.

Provide benchmarking options for comparison with peers This feature was mentioned in 23 Precoro reviews.

As reported in 22 Precoro reviews. Include standard spending KPIs that can be customized

As reported in 22 Precoro reviews. Deliver reports for compliance purposes

Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud This feature was mentioned in 21 Precoro reviews.

Based on 62 Precoro reviews. Improve visibility into procurement activities across the company.

As reported in 58 Precoro reviews. Monitor the performance of procurement operations

Analyze procurement spending and identify future trends. 59 reviewers of Precoro have provided feedback on this feature.

Based on 58 Precoro reviews. Track invoices based on due dates to identify overdue payments

As reported in 53 Precoro reviews. Monitor KPIs such as time to process an invoice or erroneous payments

Consolidate information from multiple sources or multiple entities This feature was mentioned in 25 Precoro reviews.

Based on 26 Precoro reviews. Classify information by category, supplier, or supplier

Integrate with external sources for market intelligence 23 reviewers of Precoro have provided feedback on this feature.

Based on 23 Precoro reviews. Integrates with ERP systems general ledgers for transfering of AP transaction data

As reported in 21 Precoro reviews. Ability to cleanse and consolidate AP data

Provide standard templates for different types of RFPs This feature was mentioned in 14 Precoro reviews.

As reported in 13 Precoro reviews. Support other types of requests such as RFB/RFI/RFQ

Track versions of RFP documents and related changes This feature was mentioned in 13 Precoro reviews.

As reported in 11 Precoro reviews. Maintain a library of questions that can be reused

Based on 14 Precoro reviews. Track submissions from multiple vendors and suppliers

As reported in 13 Precoro reviews. Compare submissions and score suppliers

As reported in 13 Precoro reviews. Choose the best submission for an RFP

Based on 11 Precoro reviews. Allow multiple users to collaborate on submissions

Maintain a repository or library of content and documents that can be reused 11 reviewers of Precoro have provided feedback on this feature.

As reported in 11 Precoro reviews. RFPs can be reviewed by managers before submission

Create real-time reports to compare data trends across processes, RFPs, vendors or profiles

As reported in 68 Precoro reviews. Use criteria to add or remove suppliers to/from approved lists.

Based on 65 Precoro reviews. Manage communications with suppliers on multiple channels such as phone or email.

As reported in 65 Precoro reviews. Capture and maintain documents related to suppliers and their products or services.

Compare goods received with purchase orders and document variations 63 reviewers of Precoro have provided feedback on this feature.

Provide features to capture and record invoices, such as import or scanning This feature was mentioned in 52 Precoro reviews.

Allow suppliers to submit invoices using an online portal 56 reviewers of Precoro have provided feedback on this feature.

As reported in 54 Precoro reviews. Deliver a central repository of AP documents, such as POs and invoices

Allows users to evaluate supplier performance using standard and custom KPIs. This feature was mentioned in 42 Precoro reviews.

As reported in 58 Precoro reviews. Provide features to compare suppliers and choose the best option for various activities.

As reported in 48 Precoro reviews. Identify potential issues and how they may impact relationships with suppliers.

As reported in 60 Precoro reviews. Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments This feature was mentioned in 57 Precoro reviews.

As reported in 57 Precoro reviews. Include workflows for approvals and invoice processing

Based on 58 Precoro reviews. Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications. This feature was mentioned in 58 Precoro reviews.

As reported in 61 Precoro reviews. Track history of all interactions and business transactions with suppliers.

Based on 50 Precoro reviews. Provide integration with accounting and financial management software

Based on 46 Precoro reviews. Integrate with payment gateways and enterprise payments software

Based on 42 Precoro reviews. Deliver integrations with accounting modules of ERP systems

Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management This feature was mentioned in 53 Precoro reviews.

Based on 11 Precoro reviews. Tracks the progress of any RFP in real time and set milestones to improve efficiency

As reported in 11 Precoro reviews. Updates, organizes, and stores content of a project

Assign users, roles, and manage access in order to set tasks and leave comments 12 reviewers of Precoro have provided feedback on this feature.

Automate repetitive and manual tasks, such as auto-filling answers and auto-responses

Export files or spreadsheets with the ability to format and accomidate images

Upload files or spreadsheets from multiple sources

Based on 20 Precoro reviews. Approve, reject, or query historical payment transactions to identify anomalies

As reported in 20 Precoro reviews. Recover overpayments, duplicate payments, or unused credits from suppliers

Constantly evaluate AP transactions to optimize workflows This feature was mentioned in 22 Precoro reviews.

Based on 22 Precoro reviews. Improves management oversight by reconciling external data against internal transaction data

Based on 22 Precoro reviews. Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk

Based on 19 Precoro reviews. Online credit card number that can be instantly sent to employees and used for secure, one-time purchases

As reported in 18 Precoro reviews. Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services

Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets 18 reviewers of Precoro have provided feedback on this feature.

Based on 21 Precoro reviews. Report on spend transactions as they happen in real time

Reports that allow the user to sort and filter by vendor, team, GL, department, etc. 19 reviewers of Precoro have provided feedback on this feature.

As reported in 21 Precoro reviews. The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets 19 reviewers of Precoro have provided feedback on this feature.

Based on 20 Precoro reviews. Pay vendors through a dashboard or portal and maintain vendor payment information

Manage and execute recurring payments, such as subscriptions, services, utilities, etc. 19 reviewers of Precoro have provided feedback on this feature.

Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment 19 reviewers of Precoro have provided feedback on this feature.

Allows for the electronic transfer of funds between banks This feature was mentioned in 18 Precoro reviews.

Real-time notifications for fraudulant and/or duplicate spending 20 reviewers of Precoro have provided feedback on this feature.

Individual, unique cards for each vendor to help manage duplicate and overpayments 17 reviewers of Precoro have provided feedback on this feature.

As reported in 18 Precoro reviews. Control spend limits, expiration dates, and lock and unlock stolen or lost cards

Provides a centralized library containing product data.

Enables users to assign custom categories to products.

Creates and manages product catalogs.

Assists with maintaining compliance with controlled processes, automated tracking, and audit trails.

Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities

Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management.

Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.

Identifies noncompliant spending, fraud, and other activity outside of company policy.

Analyzes spending patterns and identifies areas to reduce costs.

Provides a dashboard for searching and reporting on contracts and projects.

Manages contracts in a single, online central repository.

Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives.

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience