Compare 3rdWave and Precoro - Jun 2022

Shlomi Lavi

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Bottom Line: Which is Better - 3rdWave or Precoro?

3rdWave is more expensive to implement (TCO) than Precoro, and Precoro is rated higher (88/100) than 3rdWave (85/100). 3rdWave offers users more features (8) than Precoro (6).

Looking for the right Procurement solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

3rdwave Vs. Precoro

3rdwave: An exceptional global trade management platform for Importers, Exporters, Logistics Teams, and Trade Compliance professionals.

Precoro: Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics — all in one easy-to-use platform.

Who is more expensive? 3rdWave or Precoro?

The real total cost of ownership (TCO) of Procurement software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for 3rdWave and Precoro.

3rdWave price starts at $1,995 per month , On a scale between 1 to 10 3rdWave is rated 4, which is lower than the average cost of Procurement software. Precoro price starts at $35 per user/month , When comparing Precoro to its competitors, the software is rated 2 - much lower than the average Procurement software cost.

Bottom line: 3rdWave is more expensive than Precoro.

Which software includes more/better features?

We've compared 3rdWave Vs. Precoro based on some of the most important and required Procurement features.

3rdWave: Inventory Management, Order Processing Management, Transportation Management, Logistics, Order Fulfillment, Scheduling, Contract Management, Purchasing.

Precoro: Procurement, PO: Purchase orders, Compliance , Contract Management, Supplier Management.

Target customer size

3rdWave's typical customers include: Small, medium and large size businesses, and Precoro's target customer size include: Small, medium and large size businesses.