OpenText RFx Center enables enterprises to automate, manage, and monitor their RFI, RFQ, RFP, and other procurement processes. Leveraging OpenText™ AppWorks, this procurement management solution is designed to manages all aspects of the procurement process: streamlining advertisement
of business opportunities, proposal submission, evaluation, negotiation, award and purchase order creation.
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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,…
OpenText RFX is well suited with Smaller or midsize organizations where it can be used as standalone solution. For large organization with Custom procurement processes and integration requirements with other business products like SAP, there are better solutions are available which can be evaluated with OpenText RFX product. Custom development processes are limited in OpenText RFX and there are some solutions like SAP SRM and Ariba can be evaluated.
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.
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
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.
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.
Solutions like SAP Ariba are better suited for large enterprises with Custom processes and integration requirements with other ERP software like SAP ERP or S/4HANA products which are been used most of the fortune 500 companies. OpenText RFX is good for small and medium organizations with limited customization and integration requirements.
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.
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!
