POOL4TOOL Review - why 4.5 stars?

POOL4TOOL Review
ITQlick Score: 77/100
ITQlick Rating:
Pricing: 3.6/10 - low cost
Category: Contract Management -> POOL4TOOL review
Ranking:Ranked 22 out of 37 Contract Management systems
Company: POOL4TOOL
Pricing: starts at $1,500 per month
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: POOL4TOOL pricing, POOL4TOOL alternatives
Shlomi LaviShlomi Lavi / updated: Feb 28, 2022

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What is POOL4TOOL?

POOL4TOOL is supply chain management software that aims at the optimization of business resources. The software streamlines the flow of information between suppliers and clients. The company delivers business eSolutions and its headquarters are located in Vienna, Austria.

POOL4TOOL supervises and improves the core business processes such as purchase orders and inventory management.

Who is it best for?

POOL4TOOL is most suitable for all sizes of businesses, including the new startups. This is because of the modular architecture of the software which means that you can choose to purchase only those parts which are specifically needed for your business.

Growing companies that are looking for intuitive and scalable solutions to manage various aspects of their supply chain can benefit from POOL4TOOL. Companies that have their businesses expanded over several countries are also among the clients of POOL4TOOL because the software has support for multiple languages as well as multiple currencies.

Main features and functionalities

The modular architecture of POOL4TOOL has divided the whole system into various modules dedicated to specialized purposes. For instance, the SRM Portal works for efficient Contract Management, Initiative Management and Supplier Development.

The Sourcing Portal utilizes the eSourcing technology and allows for document integration, workflow details and automatic entry of information records in the ERP system. The CRM Portal automates the sales and marketing initiatives. It also works to centralize and synchronize contacts, meeting reports, appointments and tasks.

The Project Portal of POOL4TOOL is dedicated to the planning and execution of global development projects. It also manages various important aspects of the project such as development data, CAD designs, milestones and project plans.

The Finance Portal streamlines the financial aspects of the projects. It allows for the sending and receiving of electronic bills and advice of credit notes.

What is the actual cost?

The cost of license starts at $1,500 per month. ITQlick pricing score is 3.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for POOL4TOOL.

Pros

  • POOL4TOOL has a wide user base because of its support for both Windows and Mac OS.
  • The modular approach of the software allows you to purchase specific modules without having to pay for the entire package.
  • The modular architecture of the software also allows for enhanced customization which makes it suitable for a wide range of business needs.
  • POOL4TOOL has the ability of easily integrating with the existing ERP and accounting systems.
  • Support for multiple languages and currencies results in increased scope of the software.

Cons

  • The modular approach and large size of the system makes the transition from old system to new one a slow process which can consume considerable time and money.
  • Implementation of the system requires considerable expertise for which employees have to be trained. This can be an additional strain on the budget.
  • Customization can be done only through system configuration without making any changes to the actual code.
  • If your business goals keep changing regularly, the cost of regular subscription fee and excessive customization can hike up.
  • Maintenance of large software such as POOL4TOOL in the face of ever-changing business needs can be costly.

How it stacks up?

Access a head to head analysis of POOL4TOOL vs alternative software solutions.
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POOL4TOOL
ITQlick rating
4.5/5
Score
77/100
Pricing
3.6/10
License pricing
$1,500 per month
Functionality
22
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MyDox Di...
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3.6/5
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88/100
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4
Lextree
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Gatekeep...
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4.8/5
Score
87/100
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6.6/10
License pricing
$875 per month
Functionality
20

Frequently Asked Questions (FAQs)

Is it the best Contract Management system?

POOL4TOOL is ranked 22 out of 37 software in their category (Contract Management systems).

How they are rated on ITQlick?

The rating of POOL4TOOL is 4.5 stars out of 5 and the total score is 77 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, POOL4TOOL makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access POOL4TOOL on your mobile/smart phone.

What should we ask during a demo session?

Differences between POOL4TOOL and alternatives?

The most popular alternatives to POOL4TOOL in 2023: ContractExpress for SharePoint, MyDox Digital Signatures, Lextree, Gatekeeper Software, Ivalua. Access the complete competitors analysis here - POOL4TOOL VS Contract Management Software alternatives.

List of categories

Accounts Receivable
Self-Service Portal
Compliance
Supplier Management
Purchasing Management
Contract Management
Order Fulfillment
PO: Purchase orders
Vendor Management
Supply Chain
SC Procurement
Strategic Sourcing

List of features

Inventory Management
Order Processing Management
Sourcing & Procurement
Supplier Management
Supply Chain Analytics
Supply Chain Monitoring
Supply Chain Planning
Transportation Management
Warehouse Management

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.