Precoro vs. Syncron Inventory

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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)
Syncron Inventory
Score 7.0 out of 10
N/A
Syncron offers a fully integrated solution stack for the optimization of service parts Inventory, Price, and Uptime – all with MasterData and Analytics at its core.N/A
Pricing
PrecoroSyncron Inventory
Editions & Modules
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
No answers on this topic
Offerings
Pricing Offerings
PrecoroSyncron Inventory
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
PrecoroSyncron Inventory
Features
PrecoroSyncron Inventory
Supply Chain Planning
Comparison of Supply Chain Planning features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
4.9
Ratings
40% below category average
Custom alerts00 Ratings6.00 Ratings
Scenario-based planning00 Ratings4.00 Ratings
Resource optimization00 Ratings6.00 Ratings
Supply forecasting00 Ratings3.00 Ratings
Capacity estimation00 Ratings5.00 Ratings
Employee allocation00 Ratings3.00 Ratings
Supply network coordination00 Ratings7.00 Ratings
Procurement Management
Comparison of Procurement Management features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
6.8
Ratings
8% below category average
Raw material sourcing00 Ratings6.00 Ratings
Supply market analysis00 Ratings5.00 Ratings
Cost analysis00 Ratings8.00 Ratings
Expense Logging00 Ratings8.00 Ratings
Order Fulfillment Management
Comparison of Order Fulfillment Management features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
5.8
Ratings
30% below category average
Order fulfillment optimization00 Ratings4.00 Ratings
Return services00 Ratings6.00 Ratings
Purchase order generation00 Ratings5.00 Ratings
Purchase order tracking00 Ratings8.00 Ratings
Supplier delivery scheduling00 Ratings5.00 Ratings
Pricing and product configurations generation00 Ratings7.00 Ratings
Logistics and Transportation Management
Comparison of Logistics and Transportation Management features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
5.8
Ratings
23% below category average
Packaging00 Ratings6.00 Ratings
Delivery planning00 Ratings5.00 Ratings
Route optimization00 Ratings8.00 Ratings
Shipping performance00 Ratings4.00 Ratings
Fleet management00 Ratings6.00 Ratings
Warehouse & Inventory Management
Comparison of Warehouse & Inventory Management features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
6.2
Ratings
24% below category average
Automation of warehouse operations00 Ratings6.00 Ratings
Inventory storage00 Ratings7.00 Ratings
Stock monitoring00 Ratings6.00 Ratings
Inventory tracking00 Ratings5.00 Ratings
Warehouse asset management00 Ratings8.00 Ratings
Inventory and price forecasting00 Ratings5.00 Ratings
Demand Management
Comparison of Demand Management features of Product A and Product B
Precoro
-
Ratings
Syncron Inventory
5.7
Ratings
25% below category average
Demand signal sensing00 Ratings6.00 Ratings
Demand forecasting00 Ratings4.00 Ratings
Customer analytics00 Ratings6.00 Ratings
Inventory stock optimization00 Ratings6.00 Ratings
Sales and operations planning00 Ratings7.00 Ratings
Pricing and promotion tracking00 Ratings5.00 Ratings
Best Alternatives
PrecoroSyncron Inventory
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MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Acumatica
Acumatica
Score 8.6 out of 10
Medium-sized Companies
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Precoro
Precoro
Score 2.8 out of 10
Enterprises
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
Anaplan
Anaplan
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PrecoroSyncron Inventory
Likelihood to Recommend
9.6
(0 ratings)
6.0
(0 ratings)
Usability
7.3
(0 ratings)
-
(0 ratings)
Support Rating
9.1
(0 ratings)
-
(0 ratings)
User Testimonials
PrecoroSyncron Inventory
Likelihood to Recommend
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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Syncron gets you targeted customers for your products. It hits the right audience. The global price management feature is unique and up to mark on various factors, for example, region, products, etc. It offers a relaxed culture and great customers and is fully remote. It is basically a strong and strategic organization that has an eye on the present and future for the benefit of users.
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Pros
  • 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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  • Price management
  • Better price on various factors.
  • Fully remote
  • Get you targeted customers
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Cons
  • 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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  • Report analysis.
  • Must be able to multitask.
  • Burnout is a big factor.
  • Mediocre support from management.
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Usability
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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No answers on this topic
Support Rating
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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No answers on this topic
Alternatives Considered
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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No answers on this topic
Return on Investment
  • 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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  • Career advancement opportunities.
  • Hits the targeted audience.
  • Many level of mangement.
  • Slow to move.
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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