Compare SMART by GEP and Precoro - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - SMART by GEP or Precoro?

SMART by GEP is more expensive to implement (TCO) than Precoro, and Precoro is rated higher (88/100) than SMART by GEP (80/100). SMART by GEP offers users more features (26) 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:

GEP Worldwide Vs. Precoro

GEP Worldwide: GEP is a leading global provider of consulting, outsourcing and software to procurement and supply chain management teams at Fortune 500 and Global 2000 enterprises worldwide. We deliver practical, effective solutions that enable procurement leaders to maximize their impact on business operations, strategy and financial performance. GEP is on...

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? SMART by GEP 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 SMART by GEP and Precoro.

SMART by GEP accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 SMART by GEP is rated 8, which is higher 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: SMART by GEP is more expensive than Precoro.

Which software includes more/better features?

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

SMART by GEP: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Batch Invoice Creation, Customer Management, Invoice Scheduling, Invoice Templates, Payment Management, Price Management, Reverse/Void Invoices, Auction Management.

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

Target customer size

Customers of the software include businesses of all sizes and a variety of types, including various Fortune 500 companies. and Precoro's target customer size include: Small, medium and large size businesses.