Compare Precoro and ToolsGroup - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - Precoro or ToolsGroup?

ToolsGroup is more expensive to implement (TCO) than Precoro, and Precoro is rated higher (88/100) than ToolsGroup (85/100). Precoro offers users more features (6) than ToolsGroup (0). There is a clear winner in this case and it is Precoro!

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:

Precoro Vs. ToolsGroup

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.

ToolsGroup: ToolsGroup is the world’s most experienced provider of demand analytics and supply chain planning and optimization software. For more than 20 years, we have partnered with companies who want to break through their supply chain and business performance barriers. Our single-model supply chain planning solution includes capabilities such as demand ...

Who is more expensive? Precoro or ToolsGroup?

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 Precoro and ToolsGroup.

Precoro price starts at $35 per user/month , On a scale between 1 to 10 Precoro is rated 2, which is much lower than the average cost of Procurement software. ToolsGroup price starts at $570 per month , When comparing ToolsGroup to its competitors, the software is rated 6 - similar to the average Procurement software cost.

Bottom line: ToolsGroup is more expensive than Precoro.

Which software includes more/better features?

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

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

ToolsGroup: We are still working to collect the list of features for ToolsGroup.

Target customer size

Precoro's typical customers include: Small, medium and large size businesses, Customers of the software include businesses of all sizes and a variety of types all over the world.