#1 most frequent
United States of America
61.4%43 installations of 70
What is Precoro?
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:
Categories & Use Cases
Media
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Screenshot of AI-powered OCR
Who Buys & Uses Precoro
#2 most frequent
Australia
7.1%5 installations of 70
#3 most frequent
Canada
4.3%3 installations of 70
Precoro just made everything simpler faster and more under control
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
Cons
- For companies with more complex inventory needs, additional features in that area could be helpful.
- The mobile app is great for approvals, but it could support more features from the desktop version.
- Occasionally, loading reports with a large amount of data takes a few extra seconds.
Return on Investment
- Reduced procurement cycle time by about 50%, speeding up approvals and order processing.
- Saved approximately 260 hours per year on manual procurement tasks.
- Enabled faster onboarding of new teams, scaling 3x quicker without hiring extra staff.
Usability
Alternatives Considered
SAP Ariba and Coupa
Precoro review
Use Cases and Deployment Scope
We used Precoro for several things: purchasing equipment for the office and invoicing paid advertising platforms.I personally used it more to create requisitions for advertising platforms, the management approved the funds and then the invoice was paid. It's very convenient that I could see the status in real time, see how much budget I still have left in this month/quarter, and how much we spent in general.
Pros
- 3 way matching
- Budget visibility
- Real time view
- UI/UX
Cons
- Vendor management
Return on Investment
- Reduced manual work
- Illimenated duplication of invoices
- Speed up approval process
Usability
Alternatives Considered
ProcurementExpress.com and Tradogram
Precoro - User Friendly Sytsem
Use Cases and Deployment Scope
MyBucks Banking Corporation uses Precoro for purchase order creation and delivery, visual analytics expenditure by departments, receiving, three-way matching. Precoro has managed to address many business problems including, real time tracking of expenditure by departments, Cost saving such as reducing printing cost, Increase staff productivity. Consequently, it has reduced duplication of invoices payable to suppliers.
Pros
- Budget tracking
- Visual Analytics
- Notification of duplicated invoices
- Sending Purchase Orders directly to suppliers
- Ability to download reports
Cons
- Option to print directly on Precoro
- Functionality to select different branches under one invoice when the invoice is applicable to branches more than one
- Notifications to alert the authorizer when the approval is taking so long to approve
Most Important Features
- Purchase Requisition
- Invoice
- Inventory Management
- Purchase Order
Return on Investment
- Reduced expenses
- Increase staff productivity
- Cost saving such as reducing printing cost
Excellent solution for Procurement and Spend Management
Use Cases and Deployment Scope
The program is used to control the procurement cycle of the entire company by individual departments or locations. From office equipment to service subscriptions, tracking all statuses from requisition to payment.I use it at least weekly. Requests are created intuitively and in handy, as the catalog of the products I need is already here. I can also generate warehouse requests from the inventory section. The approvals are much faster because my manager is notified immediately and can confirm it from his phone. Thanks to the budgets, there is complete visibility of the current expenses and the number of remaining funds for a certain period.
Pros
- Procure-to-pay process covering
- Visualizing budget control
- Notification for faster approvals
- Distribution of processes by departments
Most Important Features
- Email and Slack notifications about pending approvals
- Warehouse and purchase requisitions
- Catalogs and vendor portal
Return on Investment
- We have now put our processes in order, accelerated the approval process, and are spending less than usual. The implementation took about 2 weeks. We mastered the program without additional training, as the interface is straightforward and concise.
Awesome software for procurement and spend management
Use Cases and Deployment Scope
Precoro is a great place to keep all purchasing data. We can add all employees to leave purchase requests, and track them right for the payment stage. I use it for budget control, reports, spending analytics, and strategic cost optimization. The tool is very customizable, it allows us to set up processes according to our company's needs and our Support Manager helps us to do it in the best way.
Pros
- Customizable reports creation
- Spend control among projects
- Deep spend analytics and expense optimizing
- Ordering process
- Purchase requests management
- Ability to adjust to companies' work processes
Cons
- Inventory management can be too basic for some companies. Now, it fully covers our needs.
Most Important Features
- Cloud-based
- Budgets
- Reports
- Purchase Order
- Purchase Requisition
- Visible workflow
Return on Investment
- It is much more convenient than storing data in tables, emails, or instant messenger conversations. Requests are created in minutes, and all other stages are automatic.
- Manual work that used to take a lot of time is completely reduced. The ordering process is now much faster and more visible.
- Reports allow us to control spending and build a more profitable strategy for the future. The interface of the tool is self-explanatory, so we quickly mastered Precoro without any additional training.
Alternatives Considered
Kissflow Procurement Cloud
