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All-In-One Procurement Software For SMBs and Enterprises
Functionality
4.5
/5
160
Total features
92
9 categories
Precoro features
Common features of Procurement software
Sergei K.
Verified reviewer
Computer Software, 51-200 employees
Used daily for 1-2 years
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We had a system for tracking direct purchasing, but we faced increased demand for purchasing supporting materials - packaging, warehouse goods, shopping goods, ripping, and no system for these needs. There were difficulties with tracking the number of goods in the warehouse and processing requests from the warehouse and shops - there were sent by mail, etc. Now we have a great multi-user platform that serves our 100 employees well. We track all our requisitions and purchases for raw materials, intricate parts, that are procured daily from over 50 suppliers around the globe. Precoro is asy to learn and use, the features we need are built-in, and we didn't have to do a lot of customization!
Great program. I haven't had any issues with using Precoro.
Sergei, thank you very much for your review. Appreciate your kind words about our product. And we're glad to hear about solving your problem with purchasing and tracking supporting materials.
Andi N.
Luxury Goods & Jewelry, 51-200 employees
Used daily for 1-2 years
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When we started with Precoro we were formalizing our purchasing department. Working with Precoro allowed us to create processes and procedures, understand our expenses by department, and grade our vendors and their performance. Efficiency, organization, and cost savings increased tremendously. We all love Precoro!
- incredibly easy to use and our teams adopted the processes without issue - the interface is pleasant and easy to read; it isn't difficult to navigate at all - the system itself runs smoothly and we never encountered any bugs or glitches - users are able to communicate across all transactions via @mentions (this is a feature we will miss a lot!) - reports are easy to use and customize - Precoro customer service is the best! Seriosuly, they are all so friendly, helpful and go out of their way to resolve issues and answer any questions - The Precoro team releases newsletters alerting users of updates and changes, and there are great notifications that pop up when you log into the system alerting you of updates with clear visuals and explanations
There isn't much that we didn't like about Precoro : - it isn't possible to search by item for core information. For example, many of our teams want to search by item to see if it is WIP with a vendor. You can only do this by exporting a report
Hello, Andi! Thanks for taking the time to write such a detailed review! We're so glad you've managed to reduce the number of services you use and have procurement processes centralized within Precoro for a smoother and easier workflow. As you well know, we're here for you 24/7 whenever you need any help or guidance!
Joe P.
Sporting Goods, 11-50 employees
Used daily for 6-12 months
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Coming from the world of SAP, I have enjoyed the user interface much more with Precoro. In addition, Precoro's support team is extremely responsive and open to ideas for improvement in the product that sometimes are acted on. However, the program still lacks some common low-level functionality and I have concerns whether it is robust enough for more complex needs.
The GUI is overall pleasant and user-friendly. There has been little to no down-time. Organization of the different features is relatively straightforward. It can accomplish the bulk of what we need.
There are some notably-absent permissions settings that make it difficult to manage using across a large team. Likewise, some industry-standard aspects of POs and Invoices are simply not available. Reporting therefore is not as useful as it could be.
Joe, thanks for taking the time to write such a 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.
Steven W.
Construction, 11-50 employees
Used daily for less than 6 months
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The Precoro team was very helpful and responsive to my questions, requests, and concerns during implementation
Ease of use and implementation, the visibility it creates within the procurement process, and the overall functionality
Lacking additional inventory features that are necessary for our business. Also, it would be nice if it could marry up with our accounting software.
Steven, many thanks for your kind feedback! We're happy to hear you have had a positive experience using our system. We understand the need for inventory module improvements, so we have already started working on it. We'll keep you in the loop. Meanwhile, our support team is always there to help!
Patrick L.
Consumer Electronics, 51-200 employees
Used daily for 1-2 years
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Great software - even better team behind the software! I wish precoro would offer more products!
It is very easy to use and has great integrations to subsequent software solutions. The customer support is exceptional. Olena and Andrew are always available if you have a problem and always help you find a solution. If we miss a feature it is often implemented in the next release. You can't find that anywhere else!
Personally I like desktop applications for mass data entry - that means working with high amount of line items reduces efficiency. Workaround via upload is available though.
Patrick, thank you for rating Precoro so high! Thanks for being such a loyal member of the Precoro community. We appreciate all the kind words you had to say about our team and product. Our team takes great pride in the work we do, and comments like yours keep pushing us in the right direction. Glad to have you on board with us!
Agathe B.
Environmental Services, 11-50 employees
Used daily for 6-12 months
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Easy to share information within the team Automated approval workflow Easy to make changes in settings to adapt to our company Easy to track which invoices were paid or not
Would be good to have more flexibility to delegate approvals to another user (e.g. in case of holidays / sick leave, etc.)
Agathe, thanks for taking the time to write this kind review! We're happy to hear you've had such a good experience with us. We consider all our customers' wishes and implement updates each month.
Nathan M.
Banking, 1,001-5,000 employees
Used daily for 6-12 months
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Interesting and transparent
user friendliness,ease of tracking,document management,web based-accessible from all devices
Exchange rate application,the enhancement of this feature will definately make it exceptional
Nathan, thank you for your high score and recommendation! Precoro strives to develop an intuitive, user-friendly solution that meets every customer's needs.
Ife E.
Airlines/Aviation, 10,001+ employees
Used daily for 2+ years
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Precoro has delivered on so many of our requirements and continues to adapt to our needs. Precoro has allowed us to implement our paper-based processes to a digital platform and provided us with additional functionality that has been of great use to our department. I would recommend this application to any growing or established organisation.
The thing I enjoy most about the software and Precoro as a whole. Is how much the software adapts to the growing needs of our organization. Allowing us to manage the PO and PR approval process digitally, monitor budgets on a digital platform. Precoro has provided greater visibility of our spending across projects, suppliers, and locations. It has increased our Purchase order process dramatically and provided user-friendly reporting functionality.
Initially, the speed at which the software could adapt to our needs. At present, this has improved over the years. It's great to work with an organization that listens to your needs and tries to accommodate them where possible. But there are still features that could be improved .e.g. customization of the PO layout, customization of text sent out with purchase orders, and allocating mandatory/non-mandatory budgets.
Ife, thank you for your unbiased feedback and your recommendation. We're glad to know that Precoro improved your purchase order processes! We will undoubtedly work on what you listed in cons and do our best to deliver even more valuable features for our clients.
Elizabeth C.
Design, 1-10 employees
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very good! [SENSITIVE CONTENT] was available, attentive, made me demo videos which was great!, understanding of my needs and very patient as I worked my way through comparing other platforms and spending time with Precoro on my own time.
I was looking for an alternative to the procurement software my team is currently using (Bellwether) as it did not do a few things I needed. I needed a software that allowed me to add multiple project budgets to one PO, an easier/more visable project budget that was viewable to my team and not just the admin, a PO process that was smoother/less steps and finally more cost effective as our team only has 6 users.
Through playing around with a trial account, it did take some time to figure out how to apply budgets in a work around way that my Rep [SENSITIVE CONTENT helped me with - but I did get it eventually! I do find the payment/invoicing a big clunky - but its not exactly what we needed this software for so it didnt bother me too much.
Hi, Elizabeth! Thanks for taking the time to write such a detailed review! 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. Thank you for the recommendation!
Brenda G.
Construction, 11-50 employees
Used daily for 6-12 months
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Precoro has been very helpful with budget tracking; we are able to tell at any one time the status of any one budget thus make solid and on time decisions. Supplier management has also been a plus, its possible on a click of a button to tell the status of supplier accounts, even more helpful with credit accounts - reporting on aged creditors is more accurate and cash-flow projections easier to project. The 3 way document match of the PO, Goods Received Note and the Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, Approvals done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thankyou!
Precoro offers a start to end procurement solution - its a software that manages our inventory catalogue, through which user departments would log in their purchase requests, prompt approvals online both at Purchase request and Purchase Order level, monitor budgets, and monitor receipt of goods by user departments and invoices for suppliers by the Accounts Payable department. It has a supplier management module which has proved helpful most especially with management of supplier credit accounts.
We are yet to figure out the integration of the software with Quickbooks online to ensure a seamless functionality of the software across the board for the Procurement and Finance teams.
Thank you for the review. We're glad to know that Precoro helps you to improve your process! Should you have any questions, please contact your personal customer success manager - we're always there to help.
Leo L.
Medical Devices, 11-50 employees
Used daily for less than 6 months
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Precoro has solved our purchase management issues flawlessly. I recommend this software to anyone in need of an affordable, user-friendly purchase management system.
The UI is incredibly user-friendly and well thought out. It's easy to create new POs/invoices. The customer service has been top notch as well
Filtering is a tad bit difficult. I wish there was a search bar to quickly find any PO/Invoice.
Leo, thank you a lot for your feedback. We're glad to know that Precoro is easy to use for you and solved procurement issues with the last vendor's system.
Viktor L.
Verified reviewer
Information Technology and Services, 51-200 employees
Used daily for 1-2 years
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Until Precoro, we used excel & email to create and track requests. There were often delays in delivering goods to the project site. The procurement manager didn't understand whether the goods have already been delivered. It wasn't easy to track the approval status of requests by mail. There weren't clear reports on spending. Now we have automatically generated reports, which are made from a lot of custom fields. That's an excellent ground to control your spending. We got rid of excel, and procurement managers are satisfied with simplifying their work. Tracking invoices during all levels of the cycle is one of my favorite features. The customer support team is supportive and very kind.
I would like to see the PO details on the side, but I still need to open each PO to see our cost centers. It would be better if PO details are added to the side view. That would keep me from having to open each PO and maneuver back to the dashboard each time.
Viktor, thank you a lot for this feedback. It's an immense pleasure for Precoro to hear that you can rely on us, and we help simplify your purchasing processes. We make updates each month and consider customers' wishes.
Angelo R.
Sports, 11-50 employees
Used daily for less than 6 months
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We did not have a procurement process or ability to approve invoices in a systematic way. This is no longer a problem for us. We also didn't have a great way to measure budget vs actual spend on our construction projects. Precoro has provided us with an uplift in that respect.
Three main things: 1. Ease of use 2. Flexibility in configuring approval workflows 3. Customer Service - [SENSITIVE CONTENT] and team have been amazing in helping us work through issues. Some are user errors, some are system issues. In either case, we get the same level of attention.
I really wish we were able to sync POs, invoice and receipts to NS. I understand there is a one document sync limit to Netsuite and we elected to to have invoices as our syncing document. This limitation prevents us from fully leveraging Precoro for our inventory related purchasing. For invoice syncing, it would be helpful if documents copies would also sync back to Netsuite. More robust reporting, particularly around budgets would be welcome.
Hi Angelo! Thanks for taking the time to write such a detailed review! We're taking all your points into consideration for future upgrades. Feel free to contact support at any time with more suggestions. It will help make Precoro better for users as quickly as possible! Thank you for being with us!
Alina Y.
Verified reviewer
Information Technology and Services, 51-200 employees
Used daily for 6-12 months
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Precoro mobile web version and approval from email allow me to do it from everywhere. In addition, we now know in real-time how much we're spending on each budget.l In just a few weeks using precoro we saw tremendous improvement in our process, especially around budgets and approvals. We use Quickbooks for accounting but it was a struggle because we didn't know how much was left in a specific budget and if it's okay to approve a request or not. It wasn't very easy for us. We were looking for many different solutions, but many services were unfriendly or didn't have all the functionality we needed. I'm so happy that we've found an excellent automated, integrated QB solution - Precoro!
We have 2 people who make PO and separately approvers. They constantly need to revise PO and increase the amount through tolerance rate for receiving. It is very often the case that one creator is hired, and another can do it. but he hasn't a revised button because he is not in the approval flow.
Alina, 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. The Precoro team is always here for you if you need any help we have responsive online support that will solve most issues with the system within an hour.
Alexandra S.
Verified reviewer
Information Technology and Services, 501-1,000 employees
Used daily for 1-2 years
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I work in a global software company and we work with more than 70 suppliers. It became necessary to buy good software for the procurement process. There were a lot of different companies on the trial, and the last one was the Precoro, which was chosen as a result. There wasn’t necessarily onboarding, we sut everything up and everyone understands how to use it. During this trial, my team simulated the process with real data for a month. As a result, we created 300+ ROs and invoices. We have been using it for more than a month now, everyone is satisfied, the process is set up, no complaints. Now, the approval process is by phone/computer and there is no need to come for signatures. It is convenient to keep all suppliers in 1 system and send them POs so fast as never before!
It’s not con, but it would be better to see the budget total in the invoice custom report.
Alexandra, thank you a lot. It's a pleasure for us to know that Precoro easy to use and helps you simplify procurement.
Marina T.
Verified reviewer
Marketing and Advertising, 11-50 employees
Used daily for 1-2 years
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We didn't control POs at all, and it was very manual. Precoro is a great procurement software for making requests, approving them, raising orders, and getting analytics on them. We got everything we were looking for, and we can rely on Precoro due to its excellent quality and support. I recommend these guys for all companies which want to simplify the purchasing process and get a more transparent budget analysis
1. A beneficial visual representation of the budget information. 2.User-friendly design and best form of supply chain digitization. 3.Reference each PO by looking it up in the search box by PO number.
Sometimes not all text is displayed. Although when I loaded information, the system saved all I entered. It would be better to show restrictions on the number of entered characters, like '0/250', so that you can immediately see how many characters are left.
Marina, thank you very much. We're so happy to hear that you've found procurement software with all functionality you need. Our team glad to improve our system every day!
Natalie K.
Verified reviewer
Computer Software, 11-50 employees
Used daily for 6-12 months
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Problem #1 solved by Precoro is the difficulty of tracking the budget in real-time. With Precoro, it became possible to make it work well. Problem #2 - manual entering of information in Quickbooks. This accounting system is well, but manual entry took time. Integration was a perfect decision for us. Problem #3 - difficult to track the status of the approval. Automatic changing of status after opening mail and clicking one approval button in Precoro is perfect for us. And Precoro’s Customer Success Team is excellent. I’m not sure that big companies provide the type of individual support that Precoro does. For these reasons and many more, I suggest Precoro over and against any larger SAAS company.
In the PO report, there are fields in which it is difficult to orient what it concerns in general info. But it's a minor con. We're satisfied with all the functionality.
Natalie, thank you very much for sharing. Happy to know that we could solve at least three problems for your procurement process. The Customer Support Team appreciates highlighting of good service!
Daria B.
Verified reviewer
Telecommunications, 51-200 employees
Used daily for 6-12 months
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The whole process was managed through excel. We had 300-500 PO/ month and 3 procurement managers. The main problem was that it was very difficult to track the process in excel and communicate with the requesters (give an update on the status of their request) and the office manager (the person who receives the goods). Precoro - is the solution to problems we had. We forgot about excel and the lack of time for our procurement managers. That’s much better to optimize the process through this software than hire more employees.
We like automatically updating statutes and simplifying communication between requesters and the office manager. I noticed reducing the processing time for the request. It was about 2-3 days, now - usually not more than 20 minutes. Their customer support team is brilliant! [SENSITIVE CONTENT HIDDEN] closely goes through all questions we have and always listens to our needs.
Within the company, PR as a document is essential. We print them, sign them, seal them, keep them. It is necessary for us to have a logo on the PR.
Daria, thank you very much! Our team is happy to know that we could solve complicated procurement processes and reduce their time.
Jacques d.
Verified reviewer
Biotechnology, 51-200 employees
Used daily for 1-2 years
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We had a great implementation and also enjoy using the software on a daily basis. It's easy to maintain and set up. But most of all, the Precoro team - managers and support - are always willing to help and listen - which adds a lot of value.
I like the customisable workflow for approvals. It has grown a lot since inception and you now have a lot of flexibility. I like the custom fields on a document or line level and I appreciate the easy to use in interface. It's really easy to train users on it and support is really quick in addressing any issues that might arise - whether a bug (very few of those experienced - none in the last 12 months) or user error.
In the beginning, it didn't meet all our requirements. But the team listened and implemented all of our suggestions and they are now available to all users - so we're very pleased.
Jacques, thanks a lot for your feedback. We're happy to know that Precoro helps you improve your process.
Mariana M.
Verified reviewer
Information Technology and Services, 51-200 employees
Used daily for 1-2 years
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Precoro exceeded all our expectations. They helped us to set up an approval workflow, track budgets, work with product catalogs and ordering. Now we have more functions than we planned to have with a new tool.
1 - Instant reports, which help to get insights and make better decisions. Our financial department is delighted and thankful for simplifying analytical work. 2 - We were glad of the ability to add multiple currencies, offices to 1 account. 3 - We like their last update about Custom Fields for Documents. You can change them in Budgets, even when used in documents, and it won’t affect created documents. Love their permanent updates! 4 - Now, almost all invoices are processed electronically.
Nothing important. I'm satisfied with the results.
Mariana, thank you a lot for the review. We are so happy to hear that our system could help you make better decisions. And it's a pleasure for us to know that our updates help you.
Alvin M.
Hospital & Health Care, 5,001-10,000 employees
Used daily for 6-12 months
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Great customer service! Initial install was very clean and quick, and the screens are very intuitive and easy to learn.
Very strong management capabilities that put you squarely in the driver's seat.
Nothing major. Any problems that we had were due more to the learning curve than any flaws in the software.
Hi Alvin. Thank you very much for your comprehensive and kind review! We appreciate it a lot, and we are super thrilled to hear that Precoro is helping you manage your work more efficiently!
Mariia I.
Computer Software, 51-200 employees
Used weekly for 1-2 years
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Thanks to Precoro, Revenue Grid could speed up approvals and be sure not to go beyond the budget. QuickBooks integration was a key factor for choosing Precoro. We bought Concierge Setup and the Precoro team transferred all data and set up settings by themselves. The onboarding process was fast. Each user efficiently uses software at work. I like that the company can set up budgets for pretty much everything:...
I really like everything about the software.
Mariia, thank you very much for your detailed feedback. We're happy to hear about specifying the best aspects in the system and satisfied communication with the Customer Support Team.
Amanda L.
Construction, 51-200 employees
Used daily for 1-2 years
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So far, we are pleased with the program. We are glad that it help improve our work efficiency.
Precoro is easy to start with good level of control program to use. Our company use it to manage our purchasing. It ease the process, also reduce the time of communication between team members as everyone can log in to see the current status of our order. We also like it that be able to send PO to our suppliers direct from the system. It saved a lot of time for our order desk.
If some of the pop-up windows can be reduced, that would be better. We found that extra steps to get to finish up an order can be removed.
Amanda, we are happy that Precoro has helped you and your company to improve the purchasing process, save time and money. Thank you for your helpful feedback. We've passed it on to our product team.
Yana T.
Information Technology and Services, 51-200 employees
Used daily for 1-2 years
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We use Precoro in our 4 offices to analyse all the spendings around the company. Precoro helps us to track all the spendings, beginning with office purchases and ending with Internet connection. Each employee has his own Precoro account and they make purchase requests, that I approve and send to suppliers directly from Precoro. The most useful feature for me as the responsible purchaser is great spend analytics and reports.
Our employees really like simple and pretty catalog of goods and services that they can request. Analytics helps me to report CFO about our spendings any time. I think, that the time I spend from making a request to buy and pay bills has decreased and there's a bit less chaos in making purchase request - now they use only Precoro, instead of email, paper, phone etc.
No cons were added to this review
Hannah K.
Information Technology and Services, 51-200 employees
Used daily for 1-2 years
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Overall, it saves a lot of time, can be used on all levels and we love it.
I love having an overview of all open invoices. In addition, I am responsible for the procurement of many things, this is completely up to the teams and no longer has to go over my desk. In general, we could completely say goodbye to our Excel lists and have a daily overview. This is especially valuable for us as a growing company.
I didn't find the permissions for each person when setting up so easy to navigate. Here one could remedy with detailed explanations in a small info field.
Hannah, thank you very much! We're happy to hear about saving your time and overall satisfaction using our system.