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Precoro

All-In-One Procurement Software For SMBs and Enterprises

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Precoro Features

Features Summary

Functionality

4.5

/5

160

Total features

92

9 categories

Precoro features

"What If" Scenarios
API
Access Controls/Permissions
Accounting Integration
Activity Dashboard
Activity Tracking
Ad hoc Reporting
Alerts/Notifications

Common features of Procurement software

API
Access Controls/Permissions
Accounting Integration
Activity Dashboard
Activity Tracking
Alerts/Notifications
Approval Process Control
Audit Management

Price starts from

35

/user

Per month

Pricing options
Free plan
Subscription
Free trial

Screenshots

Contenders comparison

Functionality

4.5

/5

160

Price starts from

35

/user

Per month

visit website

Total Features

92

Unique features

  • Approval Workflow

  • Audit Trail

  • Real Time Monitoring

  • User Management

Functionality

4.3

/5

4.3K

Price starts from

50

/user

Per month

learn more

Total Features

112

Features in Common

34

Unique features

  • Accounts Payable

  • Contact Database

  • Lead Nurturing

  • Scheduling

Functionality

4.7

/5

1K

Price starts from

5

Per month

visit website

Total Features

69

Features in Common

19

Unique features

  • Delivery Tracking

  • Email Templates

  • Multi-Channel Marketing

  • Product Data Management

Common Precoro comparisons

Reviewers who mentioned features said:

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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We got everything we needed and even more

Reviewed a year ago
Pros

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!

Cons

Great program. I haven't had any issues with using Precoro.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Fantastic software for core purchasing activities

Reviewed a month ago

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!

Pros

- 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

Cons

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

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend5/10

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Useable Software With Room for Improvement

Reviewed 10 months ago

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.

Pros

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.

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Great software to streamline procurement process!

Reviewed a month ago

The Precoro team was very helpful and responsive to my questions, requests, and concerns during implementation

Pros

Ease of use and implementation, the visibility it creates within the procurement process, and the overall functionality

Cons

Lacking additional inventory features that are necessary for our business. Also, it would be nice if it could marry up with our accounting software.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great software - exceptional support

Reviewed 10 days ago

Great software - even better team behind the software! I wish precoro would offer more products!

Pros

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!

Cons

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.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Excellent procurement software

Reviewed 2 months ago
Pros

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

Cons

Would be good to have more flexibility to delegate approvals to another user (e.g. in case of holidays / sick leave, etc.)

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Perfect Technoligies

Reviewed 2 months ago

Interesting and transparent

Pros

user friendliness,ease of tracking,document management,web based-accessible from all devices

Cons

Exchange rate application,the enhancement of this feature will definately make it exceptional

Vendor response

Nathan, thank you for your high score and recommendation! Precoro strives to develop an intuitive, user-friendly solution that meets every customer's needs.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Fantastic software that adapts to your organization's current/ future needs.

Reviewed a year ago

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.

Pros

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.

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Happy to find a solution that works for our small team!

Reviewed a year ago

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.

Pros

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.

Cons

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.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Precoro is just what Orkidstudio Ltd needed!

Reviewed 3 years ago

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!

Pros

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.

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great Purchase Management System

Reviewed a year ago

Precoro has solved our purchase management issues flawlessly. I recommend this software to anyone in need of an affordable, user-friendly purchase management system.

Pros

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

Cons

Filtering is a tad bit difficult. I wish there was a search bar to quickly find any PO/Invoice.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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The company we can rely on

Reviewed a year ago
Pros

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.

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Good baseline solution with room to grow

Reviewed 10 months ago

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.

Pros

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.

Cons

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.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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more effective overall procurement process

Reviewed a year ago
Pros

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!

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great experience with the software

Reviewed a year ago
Pros

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!

Cons

It’s not con, but it would be better to see the budget total in the invoice custom report.

Vendor response

Alexandra, thank you a lot. It's a pleasure for us to know that Precoro easy to use and helps you simplify procurement.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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The best of its kind

Reviewed a year ago

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

Pros

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.

Cons

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.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Individual approach to each customer

Reviewed a year ago
Pros

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.

Cons

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.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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My recommendation for any business

Reviewed a year ago

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.

Pros

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.

Cons

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.

Vendor response

Daria, thank you very much! Our team is happy to know that we could solve complicated procurement processes and reduce their time.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Excellent product with a great team backing it

Reviewed 2 years ago

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.

Pros

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.

Cons

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.

Vendor response

Jacques, thanks a lot for your feedback. We're happy to know that Precoro helps you improve your process.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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GREAT VALUE FOR REASONABLE COST

Reviewed a year ago

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.

Pros

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.

Cons

Nothing important. I'm satisfied with the results.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great value for your money

Reviewed 10 months ago

Great customer service! Initial install was very clean and quick, and the screens are very intuitive and easy to learn.

Pros

Very strong management capabilities that put you squarely in the driver's seat.

Cons

Nothing major. Any problems that we had were due more to the learning curve than any flaws in the software.

Vendor response

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!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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getting organized with purchasing process

Reviewed a year ago
Pros

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:...

Cons

I really like everything about the software.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Nice Program to use

Reviewed 10 months ago

So far, we are pleased with the program. We are glad that it help improve our work efficiency.

Pros

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.

Cons

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.

Vendor response

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.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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I highly recommend Precoro for its great analytics and reports

Reviewed 6 years ago

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.

Pros

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.

Cons

No cons were added to this review

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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A fan of precoro

Reviewed a year ago

Overall, it saves a lot of time, can be used on all levels and we love it.

Pros

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.

Cons

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.

Vendor response

Hannah, thank you very much! We're happy to hear about saving your time and overall satisfaction using our system.