Precoro Reviews & Product Details

Precoro is a cloud-based solution for procurement centralization & automation. It unifies your procurement operations, eliminates manual work, prevents maverick spend and drives savings — faster than you think. Save 5% of every dollar spent by centralizing procurement data, identifying cost-saving opportunities, and eliminating duplicated payments. Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees. Gain full visibility into spending, manage POs, orchestrate approval routings, and collaborate with suppliers in one tool. - AP Automation: Save time at each stage of invoice processing with AP inbox, AI-powered OCR, approval workflow, 3-way matching, reporting, integrations, and budget control. - Spend Management: Seamlessly navigates budgets across locations and departments, manages expenses, and generates reports for insightful analysis. Monitor budget usage to leverage data-driven insights that enhance business profitability. - Supplier Management: Automate vendor onboarding and approval to mitigate possible risks. Utilize a supplier portal for efficient communication and manage supplier information in a centralized repository. - Connect Precoro with ERP systems and business tools like NetSuite, QuickBooks, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling. Precoro’s intuitive interface ensures painless onboarding without IT involvement. Customize, scale, and manage operations with ongoing support from your dedicated Customer Success Manager (CSM). Keep all your data secure with SSO and reliable 2-factor authentication. Our privacy compliance program aligns with the General Data Protection Regulation and the California Consumer Privacy Act. Moreover, Precoro is SOC 2 Type II compliant, ensuring the utmost protection for all your sensitive data.

Product Website

Seller

Precoro

Discussions

Precoro Community

Languages Supported

German, English, French, Spanish

Product Description

Precoro is a Spend management solution that help companies control their spendings and generate savings it empowers businesses to manage direct and indirect company spending and streamline the purchasing process.

Overview by

Marina Marochko

Pricing

Pricing provided by Precoro.

Core

Starting at $499.00

Per Month

View More Pricing Information

Precoro Integrations

(13)

Verified by Precoro

Precoro Media

Monitor your spending progress and see what is left to do with the informative dashboard.

Precoro Demo - Purchase Order/Request Approval

Digitize and organize documents in one collaborative space. Track all purchasing activities across multiple projects and collaborate on the same documents from any device.

Set up budgets for each location, department, or project. Get full visibility over corporate spending. Visualize the overall spending status with progress bars and pie charts for future decisions.

Get insights into your business operations through visual analytics and detailed real-time reports.

Store suppliers' information in one place and collaborate with them directly via Precoro. Monitor the most profitable offers using an item catalog and never miss the best deals.

Choose any module combination you want to work with. Customize approval workflow, budgets, reports, and more. Make changes as you see fit.

Official Downloads

(3)

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How Tymit Increased Spend Visibility and Significantly Shortened the Month-End Close

How a Venture Capital Fund Manages Procurement for 11 Companies

How Capital City Eliminated Duplicate Payments with Precoro

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Silver R.

Procurement & Logistics Manager

Mid-Market (51-1000 emp.)

4/21/2022

"Procurement Process Automated!"

4.5/5

What do you like best about Precoro?

- Automates the procurement process making it easy to track orders and save time and is also very user-friendly.

- Customer service care is very reliable and always handles issues as soon as possible. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

Ok with the software for now since most of the challenges have been taken care of by the PRECORO Team. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Thank you a lot for sharing this!

Saving you time and energy so you can devote more attention to developing your business is what we're here for. We're always working toward making our software even better.

Verified User in Information Technology and Services

Mid-Market (51-1000 emp.)

6/9/2022

"From sales to customer service I found the Precoro team a pleasure to deal with."

5/5

What do you like best about Precoro?

The Precoro team is always on hand to help out with any issue you may have. I loved their little personalised how to videos for support showing how/where you need to be to resolve your issue. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

Some features are still in the making - I'm sure as the product matures these will be on hand, however as it stands the team are willing to address any feature you may want or is expected. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Hi! Thank you so much for leaving us a 5-star review.

We're delighted to hear you have had a positive experience using our system.

Our Support team works hard to answer your questions quickly and loves hearing this kind of feedback.

Thank you for being with us!

Dennis M.

Financial Accountant -Head of Accounts Payable Unit

Enterprise (> 1000 emp.)

5/17/2022

"Precoro Client-User feedback"

5/5

What do you like best about Precoro?

Full time uptime

Real time support from su[por and development teams

Remote accessibility even on mobile phone

Ease of use and constant enhancements Review collected by and hosted on G2.com.

What do you dislike about Precoro?

Has met user requirements to a large extent and nearly on enhancements requests have been actioned with no additional cost to user Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Hi Dennis! Thanks for taking the time to write such a detailed review.

We're glad to see that you are happy with Precoro.

As you well know, we're here for you 24/7 whenever you need any help or guidance!

Verified User in Renewables & Environment

Mid-Market (51-1000 emp.)

6/1/2022

"Easy to use, Fast to set up"

4.5/5

What do you like best about Precoro?

Ease of use, speed to be set up. The platform is very customisable, so easy to set the workflow to work with us. We integrate directly with Quickbooks which is useful. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

The platform has very basic inventory management, which is ok for now but it would benefit from some additional functionality in this area. Otherwise it does exactly what we expected. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Hello, many thanks for such an amazing review.

Thanks for being such a loyal member of the Precoro community.

We appreciate all the kind words you had to say about our product!

Verified User in Hospital & Health Care

Mid-Market (51-1000 emp.)

5/12/2022

"Precoro is simple and easy to manage."

4/5

What do you like best about Precoro?

I like that I can export/import items from excel. It makes editing the catalog data very easy. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

The layout of the purchase orders has led to some shipping issues among our vendors. The Bill-to is in a more prominent place than the Ship-to and it creates confusion. I have reached out to the Precoro team and was advised that they will try to correct it as soon as they are able. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Hello, many thanks for your great review!

Precoro strives to develop an intuitive, user-friendly solution that meets every customer’s needs.

We’re taking all your points into consideration for future upgrades.

Stay tuned for more updates coming your way!

Verified User in Venture Capital & Private Equity

Small-Business (50 or fewer emp.)

9/29/2022

"Intuitively designed to be easy to use"

5/5

What do you like best about Precoro?

The ease at working in. The worskpace is simple and spartan, its not cluttered with unnecessary information or options. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

When receiving you can't receive over the amount ordered on a PO. In my experience, most production quantities are either over or under, very few meet the exact order quantity. There should be a tolerance to allow a certain overage or shortage when receiving. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Thank you for leaving us a 5-star review!

We genuinely appreciate your loyalty and are thrilled to hear that you've enjoyed using Precoro.

Mohammed B.

Supply Chain Director

Mid-Market (51-1000 emp.)

4/29/2022

"Simple, easy and great value for money"

4/5

What do you like best about Precoro?

Ease of use, speed, inclusiveness of help page

Easy report customization Review collected by and hosted on G2.com.

What do you dislike about Precoro?

No active roles materix, or segregation of duties between roles.

No collective inventory reporting

No standard cost calculation Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Hi Mohammed, thanks for the detailed review.

You're absolutely right regarding these features. We continuously aim to offer our users the best possible sourcing and procurement functionality. Therefore, we passed on your review to our product team. Glad to have you on board with us!

Adolf F.

Procurement Officer

Mid-Market (51-1000 emp.)

12/12/2021

"Very handy spending visuals"

4.5/5

What do you like best about Precoro?

My favourite part about using Precoro was that it offered a lot of transparency in the organisation spendings through detailed visual representation. I like that to provide transparency it bundles together all the information about purchases orders made, the person who approved it, visual analytics on departmental spendings, amounts among other information and all the detailed information is found in one place.

I liked using Precoro also because it reduced a lot of my workload through the acceleration of purchase order workflow and this meant POs could easily be made and transferred to suppliers swiftly.

Another feature that made me like Precoro was the tools that it has that assisted me in controlling staff orders and setting up limits according to the budget at that moment. More so this feature was helpful because it took away all the manual labour involved in constantly monitoring spendings and I always have to rely on notifications if the staff spendings exceed the limit. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

In my workflow, I use RFP documents a lot and I also include them in my reports for my management but Precoro does not have a way to download these documents which is very inconvenient because I end up using third-party programs to achieve this. Review collected by and hosted on G2.com.

Recommendations to others considering Precoro:

I recommend a trial version first before purchasing to see if the features meet the expectations. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Our problem without the use of Precoro was mostly to do with a lot of manual tasks involving monitoring departmental spending, creating reports among others. However, Precoro helped us to automate these tasks which helped my department to be more productive since we were able to focus on other tasks and the workload was reduced. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Adolf, we’re happy to see that Precoro works well for your company!

As today's market constantly evolves, so does our software, and we continuously work to pack it with more integrations and features.

So stay tuned for more updates coming your way!

Thank you so much for your kind and thorough feedback!

Verified User in Health, Wellness and Fitness

Mid-Market (51-1000 emp.)

6/12/2022

"Easy to use but there is room for improvement"

3.5/5

What do you like best about Precoro?

Interface is user friendly and easy to understand Review collected by and hosted on G2.com.

What do you dislike about Precoro?

It is not linked with our inventory system so we have to consolidate manually in our ledger Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Thank you for sharing these details with us!

Rest assured that our team works hard every day to further improve the software and complement it with new integrations and plugins to truly meet every need out there.

Keep staying with us!

Daphna S.

Head of FP&A

Mid-Market (51-1000 emp.)

4/25/2022

"Precoro is an intuitive, easy to use and friendly purchasing tool. The support team is excellent!"

5/5

What do you like best about Precoro?

Easy to implement, easy to administrate, friendly and self intuitive tool, meets most of the requirements of our company Review collected by and hosted on G2.com.

What do you dislike about Precoro?

In our company, it is not connected to the ERP system yet. Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

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Daphna, thank you very much for your kind review!

This information is beneficial for our future users. Our team is happy to help and to know that Precoro suits your business needs.