MileIQ vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MileIQ
Score 8.2 out of 10
N/A
MileIQ provides automatic mileage tracking for deductions and expenses. It can be used by self-employed workers looking for a mileage deduction or large companies that want to get a handle on mileage expenses reports, and is presented as automatic, easy and accurate, by the company of the same name in San Francisco.
$50
per year per driver
Precoro
Score 2.8 out of 10
Mid-Size Companies (51-1,000 employees)
Precoro is a cloud-based solution for procurement process optimization. It aims to eliminate time-consuming manual procedures and human factor errors, and instead automates operations and centralizes purchasing processes. It enables users to: - Approve documents from any device using email or Slack notifications. Users can streamline approval workflow by adding as many steps as needed and assigning specific roles for colleagues. - To save money from the purchasing budget,…
$499
per month (billed annually)
Pricing
MileIQPrecoro
Editions & Modules
Teams Lite
$50
per year per driver
MileIQ
$59.99
per year for individual use
Teams Pro
$100
per year per driver
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
Offerings
Pricing Offerings
MileIQPrecoro
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MileIQPrecoro
Features
MileIQPrecoro
Expense Management
Comparison of Expense Management features of Product A and Product B
MileIQ
9.0
Ratings
5% above category average
Precoro
-
Ratings
Employee Expense Reporting9.00 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
MileIQ
9.3
Ratings
13% above category average
Precoro
-
Ratings
Customizable Approval Policies9.00 Ratings00 Ratings
Financial Document Management9.00 Ratings00 Ratings
Payment Audit Trail10.00 Ratings00 Ratings
Advanced OCR9.00 Ratings00 Ratings
Best Alternatives
MileIQPrecoro
Small Businesses
Dext
Dext
Score 9.8 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
Esker
Esker
Score 10.0 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 9.2 out of 10
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MileIQPrecoro
Likelihood to Recommend
9.0
(0 ratings)
9.6
(0 ratings)
Usability
-
(0 ratings)
7.3
(0 ratings)
Support Rating
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
MileIQPrecoro
Likelihood to Recommend
MileIQ is a great tool for users that need to track their own business mileage to claim on expense reports. The phone app is easy to set up and use when classifying drives. it will occasionally ask you if you want to auto-classify frequent drives to further minimize the manual tasks of tracking mileage.
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Budget tracking on expenditure by departments - Precoro assists with budget tracking on the total budget which is allocated to each department. If the budget has been exhausted an alert is made for exceptional approval to the budget.
Duplication of invoices. When a supplier bills us the same invoice twice, Precoro makes a notification that an invoice with the same number was already uploaded for payment.
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Pros
  • Accurately tracks trips
  • Simplifies categorizing each trip
  • Easy to run monthly reports for totals
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  • Easy tracking of purchase orders with real-time status updates
  • 3-way matching of POs, invoices, and receipts to avoid errors
  • Built-in commenting to discuss requests and approvals right in the system
  • Responsive customer support with live chat — always helpful
  • Visual budgeting tools to track spending by department or project
  • Product catalog to standardize items across the company
  • Mobile-friendly approvals — approve requests from anywhere
  • Timely email and in-app notifications to avoid delays
  • Easy-to-use interface — no steep learning curve
  • Smooth onboarding and quick team adoption
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Cons
  • For our limited purposes - there is nothing missing - it does it's function of tracking, calculating mileage costs and reporting very well. Do not need anything else.
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  • The "bundles" in Precoro are not actually bundles. I would like to connect 2 of our catalog items together so that when 1 is selected for purchasing, the other item is required
  • Sometimes the comments wont properly tag a person that we're trying to tag
  • More options to customize the approval workflow based on location
  • Ability to edit where we're buying an item from without having to deny the request
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Usability
MileIQ is extremely easy to use. The phone app has a great flow. Drive classification can be as easy as swiping left and right. Users can access their reports in 2-3 steps. The admin console is easy to navigate and makes it simple to invite new users and remove old ones.
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At first glance it seemed to be rather difficult in use, but actually it turned out to be much easier [than] we thought. Thanks to the Precoro team we could go through the procurement workflow. Now with [the] right, user-friendly software partner, we are absolutely ready to meet all [our] company's needs.
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Support Rating
No answers on this topic
Precoro is a company, which makes great products for businesses. What is more, it is a team of professionals, who are always keep[ing] in touch with you. Thanks [to] Precoro, we easily go through procurement workflow and manage all of our POs in a couple of minutes. We had a great experience with the Precoro team which helped us with installation of the software.
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Alternatives Considered
No answers on this topic
Precoro is unique because it can be customizable from start to finish without needing to build in API. It is extremely easy to use and understand, so we did not need to give our employees extensive training as we did with Tradogram. Precoro also allowed us to communicate about orders right within the order itself, where the other software did not.
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Return on Investment
  • Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
  • Easily integrates with our Expense Management System and Accounting packages
  • No manual intervention at all required by employees - no tracking required on their part.
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  • Our problem before implementing Precoro was a lot of manual tasks, from managing catalogs to creating reports. Now all related processes are in one place, and it's faster to create a purchase order, track it, and get products in time. Also, the overall visibility increased. We can see all purchases and their impacts on our budget. Reports is the most customizable module, so we can get the data we need. Thanks to our CSM for fast onboarding and help!
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ScreenShots

Precoro Screenshots

Screenshot of AI-powered OCRScreenshot of the view of the Purchase Order: approval information, live budget information, and Supplier infoScreenshot of the configuration interfaceScreenshot of a view of the dashboardScreenshot of budgetsScreenshot of the item catalog