Precoro Review - why 4.8 stars?

Precoro Review
ITQlick Score: 88/100
ITQlick Rating: (4.8/5)
Pricing: 2.2/10 - low cost
Category: Procurement -> Precoro
Ranking:Ranked 4 out of 78 Procurement systems
Company: Precoro
Pricing: starts at $35 per user/month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Precoro pricing, Precoro alternatives

Shlomi LaviShlomi Lavi / updated: Jun 07, 2022

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What is Precoro and its features?

Precoro is cloud-based Procurement Software that allows managers to organize orders and send them to suppliers in an automated system. It also enables them to partition workflows using departments, locations, and other custom field definitions. Organizations can use these features to modernize their purchasing operations and eliminating manual labor.

The software top features include Approval Workflow, Supplier Management, Purchase Order, and Budget Management. Precoro is a privately-owned computer software company established in 2014; It has its headquarters in Brooklyn, New York, USA, and a current workforce of 11-50. Precoro won the Crozdesk Quality Choice Award in 2020.

What is Precoro rating?

The rating of Precoro is 4.8 stars out of 5 and the total score is 88 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Precoro?

The typical customers include the following business size: Small, medium and large size businesses.

Is it easy to use?

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

Is Precoro 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 Precoro on your mobile/smart phone.

Is Precoro the best Procurement system?

Precoro is ranked 4 out of 78 software in their category (Procurement systems).

What are Precoro's pros? (4 Pros)

  • Precoro provides an optimal UI, and it is user-friendly
  • The software enables users to create new POs/invoices easily
  • Users can easily share information within the team
  • There is a cost-centre auto-allocation feature in the software

What are Precoro's cons? (3 cons)

  • A user suggests that it would be good to have more flexibility to delegate approvals to another user
  • Users can not import images from a suppliers catalogue
  • It does not have a cost center on Budgets

Who are their main alternatives?

Precoro competes with other Procurement systems like SAP Ariba, Coupa Procurement, and Procurify. We will compare these Procurement systems in some specific aspects below.
  • Functionality: Precoro offers vital features like a Limitless Catalogue of Products & Services, Purchase Requests, Workflows for Locations, etc. Compared to its alternatives, Precoro and its listed alternatives provide Inventory Management, Order Management, Purchasing & Receiving, etc. Precoro and Coupa Procurement offer data visualization, whereas SAP Ariba and Procurify do not. Precoro and its stated alternatives, except for Coupa Procurement, provide Order Management and Purchasing & Receiving.

    Precoro and its alternatives, except for SAP Ariba, also provide Spend Management and Supplier Management. Precoro and Procurify provide Vendor Management, Customizable Reports, Summary Reports, and Workflow Management. However, SAP Ariba and Coupa Procurement do not. Precoro and its mentioned alternatives, except for SAP Ariba, provide Time & Expense Tracking, Compliance Management, Purchase Order Management, Spend Analysis, Spend Management, and Invoice Processing.
  • Customers/Industries: Precoro targets SMBs and Enterprises in Biotech, Construction, Technology, Healthcare, Manufacturing, and Hospitality. Precoro has customers like Bolloré Transport & Logistics, Ecoservice Group, Bright Peak Therapeutics, etc. Compared to its alternatives, SAP Ariba targets web-based eCommerce platform like Automotive, Banking, Chemicals, Consumer Products, and others that helps suppliers and retailers collaborate with customers and manage orders, invoices, and other processes.

    Coupa Procurement targets medium to large organizations in all industries: Retail, Insurance, Industrial manufacturing, Food, and beverages, etc. Coupa Procurement has customers like American Eagle, The Fresh Market, Zalando Zeros, etc. Just like Precoro, Procurify also targets Technology, Biotech, and Construction. It also targets Non-Profits, Manufacturing, Hospitality, Healthcare, Pharma, etc. Procurify has customers like Cabify, Wren Therapeutics, Chai Lifeline, St. Anthony High School, etc.
  • Cost: Precoro starts at $35 per user per month billed annually, while the license cost information for the other mentioned alternatives is unavailable.
  • Cloud-based/On-premise: Precoro and its mentioned alternatives are all cloud-based.
  • Popularity: Precoro is privately held with 1000+ companies. Coupa Procurement on the other hand is publicly traded on the NASDAQ under the COUP symbol with 2000+ global customers.
  • Scalability: Precoro and its listed alternatives can accommodate SMBs and Enterprises.
  • Support: Precoro and all its mentioned alternatives except Coupa Procurement provide Email/Help Desk and Knowledge Base support channels. Support channels like FAQs/Forum Phone Support, 24/7 (Live Rep), and Chat are provided by Precoro and Procurify but are unavailable in SAP Ariba and Coupa Procurement.

What is the cost of Precoro?

Precoro offers two license pricing options; Small and Large. The license pricing for Small starts at $35 per user per month, billed annually, while the license cost information for Large is unavailable.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.2 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for Precoro. You can also find here pricing information from Precoro's website.

What should you ask Precoro during a demo session? (65 questions)

Schedule a demo with Precoro and access 65 must ask questions for the vendor while watching Precoro in action.

Where Precoro is used?

Precoro is a good fit for organizations seeking full transparency of their purchasing through full automation of the procurement process. The software streamlines procurement processes for SMBs and Enterprises in biotech, Construction, Technology, Healthcare, Manufacturing, etc. Customers of Precoro are PassportCard Consolidated, Insect Technology Group, Cheerz, Cropnuts, etc.

List of categories

Budgeting & CPM
Accounts Receivable
Inventory Management
Compliance
Purchasing Management
Supplier Management
Procurement
Contract Management
PO: Purchase orders
Strategic Sourcing

List of features

Procurement
PO: Purchase orders
Compliance
Contract Management
Supplier Management
Inventory Management

Precoro Vs. Alternatives

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DeltaBid
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SCLogic ...
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5
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.