Compare ToolsGroup and Precoro - Oct 2022

Shlomi LaviShlomi Lavi / Oct 17, 2022

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Bottom Line: Which is Better - ToolsGroup or Precoro?

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 Supply Chain 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:

ToolsGroup Vs. Precoro

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 ...

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? ToolsGroup or Precoro?

The real total cost of ownership (TCO) of Supply Chain 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 ToolsGroup and Precoro.

ToolsGroup price starts at $570 per month , On a scale between 1 to 10 ToolsGroup is rated 6, which is similar to the average cost of Supply Chain 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 Supply Chain software cost.

Bottom line: ToolsGroup is more expensive than Precoro.

Which software includes more/better features?

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

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

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 all over the world. and Precoro's target customer size include: Small, medium and large size businesses.



ToolsGroup

ITQlick rating
(3.4/5)

starts at $570 per month

ToolsGroup software is a supply chain planning solution for medium and large businesses. It offers a number of features that include; an allocation and replenishment feature that calculates optimal inventory le...

Categories: Inventory Management, Supply Chain Planning.

Precoro

ITQlick rating
(4.8/5)

starts at $35 per user/month

Precoro is cloud-based Procurement Software that allows managers to organize orders and send them to suppliers in an automated system.

Categories: Budgeting & CPM, Accounts Receivable, Inventory Management, Compliance , Purchasing Management.

Compare specifications

Compare features

ToolsGroup: 0 Features

We are working to collect the list of features

Precoro: 6 Features

Procurement
PO: Purchase orders
Compliance
Contract Management
Supplier Management
Inventory Management
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
ToolsGroup
ITQlick rating
3.4/5
Score
85/100
Pricing
7.6/10
License pricing
$570 per month
Functionality
3
Compare
Precoro
ITQlick rating
4.8/5
Score
88/100
Pricing
2.2/10
License pricing
$35 per user/month
Functionality
16
NetSuite...
ITQlick rating
4.2/5
Score
96/100
Pricing
4.8/10
License pricing
Pricing not available
Functionality
21
RedTail ...
ITQlick rating
3.7/5
Score
92/100
Pricing
5.4/10
License pricing
$99 per month
Functionality
6
Blast Ra...
ITQlick rating
4.4/5
Score
91/100
Pricing
5.6/10
License pricing
$500 per month
Functionality
6

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.