Precoro Features
What are the features of Precoro?
Planning
- Processses
- Content
- Requisition
Execution
- Purchasing
- Invoicing
Analytics
- Visibility
- Due Dates
Management
- Approval
- Communication
- Documents
- Receipt of Goods
Supplier Management
- Selection
Invoice Processing
- Matching
Supplier Information
- Profiles
- History
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Technology Glossary Features
View definitions of the features and discover new technology terms.
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Expense Reports
Ease of Creating Expense Reports | Based on 12 Precoro reviews. Creation of expense reports takes little time and is intuitive for new users | 82% (Based on 12 reviews) | |
Smart Categorization | Automatically assigns categories/accounts based on past entries and credit card statements This feature was mentioned in 12 Precoro reviews. | 82% (Based on 12 reviews) | |
Digital Receipt Management | Provides various methods to easily capture receipts digitally and can automatically parse receipts to create expenses report entries. Methods may include mobile photos, desktop drag and drop, etc. 12 reviewers of Precoro have provided feedback on this feature. | 86% (Based on 12 reviews) | |
Employee Reimbursement | Functionality to reimburse employees directly to their bank account or can easily integrate with payroll system 12 reviewers of Precoro have provided feedback on this feature. | 81% (Based on 12 reviews) | |
Currency Conversions | As reported in 12 Precoro reviews. Enables easy entry of expenses in other currencies and converts to expense report currency | 83% (Based on 12 reviews) |
Client Invoicing
Invoice Creation and Delivery | As reported in 12 Precoro reviews. Ability to create and send printable or electronic invoices. Includes standard invoice style library that can be customized/branded. | 83% (Based on 12 reviews) | |
Project Accounting / Revenue Recognition | Provides adequate reporting and/or can integrate to AP systems to recognize revenue appropriately 12 reviewers of Precoro have provided feedback on this feature. | 78% (Based on 12 reviews) |
Mobile
Receipt Capture | Can easily capture receipts, parse receipts and convert/assign them to a report from mobile device 12 reviewers of Precoro have provided feedback on this feature. | 88% (Based on 12 reviews) |
Administration
Business Tool Integration | Based on 11 Precoro reviews. Provides standard connectors for popular Finance, Payroll, HRMS and CRM systems | 82% (Based on 11 reviews) | |
Workflow | Routes Timesheets, Invoices, Expense reports through approval process. Easy to maintain and administer 12 reviewers of Precoro have provided feedback on this feature. | 86% (Based on 12 reviews) | |
Automated Reminders | As reported in 12 Precoro reviews. Sends automatic reminders to employees that have not completed expenses reports and/or timesheets | 89% (Based on 12 reviews) | |
Policy Compliance Management | See feature definition | As reported in 11 Precoro reviews. Enables administrators to create rules that enforce compliances of corporate time and expense policies | 89% (Based on 11 reviews) |
User, Role, and Access Management | Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. This feature was mentioned in 12 Precoro reviews. | 89% (Based on 12 reviews) |
Platform
Reporting | Based on 12 Precoro reviews. Access pre-built and custom reports and dashboards. | 88% (Based on 12 reviews) | |
APIs / Integration | Based on 11 Precoro reviews. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc. with other software applications. | 79% (Based on 11 reviews) | |
Internationalization | Enables users to view and transact business with the same content in multiple languages and currencies. This feature was mentioned in 11 Precoro reviews. | 74% (Based on 11 reviews) | |
Performance and Reliability | Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. This feature was mentioned in 12 Precoro reviews. | 90% (Based on 12 reviews) | |
Mobile User Support | Allows software to be easily used on multiple mobile devices include phone and tablet devices. 12 reviewers of Precoro have provided feedback on this feature. | 78% (Based on 12 reviews) | |
Embedded AI / Machine Learning | Offers embedded AI/machine learning | Not enough data | |
Complex Approval Workflow | Based on 12 Precoro reviews. Provides workflow for complex approval structures | 85% (Based on 12 reviews) |
Revenue Recognition
Usage Tracking | Based on 16 Precoro reviews. Track usage per company, custom time period, or contract | 89% (Based on 16 reviews) | |
Deferred Revenue | Based on 14 Precoro reviews. Track payments received for products that haven't be delivered yet | 89% (Based on 14 reviews) | |
Revenue Accrual | As reported in 15 Precoro reviews. Recognition rules to accrue revenue on a daily or monthly basis | 90% (Based on 15 reviews) |
Setup
Data | As reported in 38 Precoro reviews. Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. | 91% (Based on 38 reviews) | |
Approvals | Based on 43 Precoro reviews. Define rules and workflows that managers can use to approve different kinds of spending. | 97% (Based on 43 reviews) | |
Alignment | As reported in 42 Precoro reviews. Align spending across various departments such as procurement and accounting. | 94% (Based on 42 reviews) |
Performance
Benchmarks | Use historical spend data to create benchmarks per company or department. This feature was mentioned in 37 Precoro reviews. | 89% (Based on 37 reviews) | |
Forecasting | Provide forecasts on future trends that may impact spending performance. This feature was mentioned in 30 Precoro reviews. | 86% (Based on 30 reviews) | |
Savings | Based on 14 Precoro reviews. Identify savings opportunities per activity, department, or at the company level. | 83% (Based on 14 reviews) |
Planning
Processes | Manage workflows and business processes for procurement. 46 reviewers of Precoro have provided feedback on this feature. | 92% (Based on 46 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. 41 reviewers of Precoro have provided feedback on this feature. | 85% (Based on 41 reviews) | |
Content | As reported in 44 Precoro reviews. Maintain a repository of content such as catalogs and other documents. | 90% (Based on 44 reviews) | |
Requisition | Based on 44 Precoro reviews. Define requisition rules for various types of procurement. | 94% (Based on 44 reviews) | |
Processses | Based on 48 Precoro reviews. Manage workflows and business processes for procurement. | 92% (Based on 48 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. 44 reviewers of Precoro have provided feedback on this feature. | 82% (Based on 44 reviews) | |
Content | Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 48 Precoro reviews. | 89% (Based on 48 reviews) | |
Requisition | Define requisition rules for various types of procurement 50 reviewers of Precoro have provided feedback on this feature. | 90% (Based on 50 reviews) |
Execution
Sourcing | Identify and assess suppliers for different products and services. 41 reviewers of Precoro have provided feedback on this feature. | 87% (Based on 41 reviews) | |
Purchasing | Create and manage purchase orders for products and services. 47 reviewers of Precoro have provided feedback on this feature. | 94% (Based on 47 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. 45 reviewers of Precoro have provided feedback on this feature. | 93% (Based on 45 reviews) | |
Sourcing | Identify and assess suppliers for different products and services. 42 reviewers of Precoro have provided feedback on this feature. | 88% (Based on 42 reviews) | |
Purchasing | Based on 53 Precoro reviews. Electronically create and manage purchase orders for products and services. | 93% (Based on 53 reviews) | |
Invoicing | As reported in 50 Precoro reviews. Include features for procurement invoicing and e-invoicing. | 89% (Based on 50 reviews) |
Analytics
Visibility | Improve visibility into procurement activities across the company. 47 reviewers of Precoro have provided feedback on this feature. | 93% (Based on 47 reviews) | |
Performance | Monitor the performance of procurement operations. This feature was mentioned in 44 Precoro reviews. | 92% (Based on 44 reviews) | |
Spend | Based on 45 Precoro reviews. Analyze procurement spending and identify future trends. | 92% (Based on 45 reviews) | |
Benchmarking | Provide benchmarking options for comparison with peers 17 reviewers of Precoro have provided feedback on this feature. | 82% (Based on 17 reviews) | |
KPIs | As reported in 16 Precoro reviews. Include standard spending KPIs that can be customized | 89% (Based on 16 reviews) | |
Compliance | Deliver reports for compliance purposes 16 reviewers of Precoro have provided feedback on this feature. | 92% (Based on 16 reviews) | |
Errors | As reported in 15 Precoro reviews. Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud | 89% (Based on 15 reviews) | |
Visibility | Improve visibility into procurement activities across the company. 52 reviewers of Precoro have provided feedback on this feature. | 89% (Based on 52 reviews) | |
Performance | Monitor the performance of procurement operations 48 reviewers of Precoro have provided feedback on this feature. | 89% (Based on 48 reviews) | |
Spend | Analyze procurement spending and identify future trends. This feature was mentioned in 48 Precoro reviews. | 91% (Based on 48 reviews) | |
Due Dates | As reported in 48 Precoro reviews. Track invoices based on due dates to identify overdue payments | 87% (Based on 48 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 43 Precoro reviews. | 80% (Based on 43 reviews) |
Data Management
Consolidation | As reported in 18 Precoro reviews. Consolidate information from multiple sources or multiple entities | 90% (Based on 18 reviews) | |
Classification | Classify information by category, supplier, or supplier This feature was mentioned in 20 Precoro reviews. | 93% (Based on 20 reviews) | |
External Sources | As reported in 17 Precoro reviews. Integrate with external sources for market intelligence | 84% (Based on 17 reviews) | |
Integration | Integrates with ERP systems general ledgers for transfering of AP transaction data This feature was mentioned in 17 Precoro reviews. | 86% (Based on 17 reviews) | |
Cleaning | Based on 15 Precoro reviews. Ability to cleanse and consolidate AP data | 86% (Based on 15 reviews) |
RFP Generation
Templates | Provide standard templates for different types of RFPs 13 reviewers of Precoro have provided feedback on this feature. | 91% (Based on 13 reviews) | |
RFX | Based on 12 Precoro reviews. Support other types of requests such as RFB/RFI/RFQ | 86% (Based on 12 reviews) | |
Versioning | Track versions of RFP documents and related changes This feature was mentioned in 12 Precoro reviews. | 93% (Based on 12 reviews) | |
Questions Library | Based on 10 Precoro reviews. Maintain a library of questions that can be reused | 93% (Based on 10 reviews) |
RFP Distribution
Tracking | Track submissions from multiple vendors and suppliers 13 reviewers of Precoro have provided feedback on this feature. | 92% (Based on 13 reviews) | |
Analysis | Compare submissions and score suppliers This feature was mentioned in 12 Precoro reviews. | 93% (Based on 12 reviews) | |
Selection | Choose the best submission for an RFP 12 reviewers of Precoro have provided feedback on this feature. | 96% (Based on 12 reviews) |
Submissions
Collaboration | As reported in 10 Precoro reviews. Allow multiple users to collaborate on submissions | 90% (Based on 10 reviews) | |
Knowledge Base | Maintain a repository or library of content and documents that can be reused This feature was mentioned in 10 Precoro reviews. | 90% (Based on 10 reviews) | |
Review | RFPs can be reviewed by managers before submission 10 reviewers of Precoro have provided feedback on this feature. | 90% (Based on 10 reviews) | |
Reporting | Create real-time reports to compare data trends across processes, RFPs, vendors or profiles | Not enough data |
Management
Approval | As reported in 56 Precoro reviews. Use criteria to add or remove suppliers to/from approved lists. | 93% (Based on 56 reviews) | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. 54 reviewers of Precoro have provided feedback on this feature. | 89% (Based on 54 reviews) | |
Documents | Based on 54 Precoro reviews. Capture and maintain documents related to suppliers and their products or services. | 92% (Based on 54 reviews) | |
Receipt of Goods | Compare goods received with purchase orders and document variations 53 reviewers of Precoro have provided feedback on this feature. | 92% (Based on 53 reviews) |
Invoice Management
Capture | Provide features to capture and record invoices, such as import or scanning This feature was mentioned in 41 Precoro reviews. | 89% (Based on 41 reviews) | |
Supplier Portal | As reported in 45 Precoro reviews. Allow suppliers to submit invoices using an online portal | 89% (Based on 45 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices 44 reviewers of Precoro have provided feedback on this feature. | 91% (Based on 44 reviews) |
Supplier Management
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. This feature was mentioned in 32 Precoro reviews. | 84% (Based on 32 reviews) | |
Selection | As reported in 48 Precoro reviews. Provide features to compare suppliers and choose the best option for various activities. | 85% (Based on 48 reviews) | |
Risk Management | As reported in 38 Precoro reviews. Identify potential issues and how they may impact relationships with suppliers. | 84% (Based on 38 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments 49 reviewers of Precoro have provided feedback on this feature. | 90% (Based on 49 reviews) | |
Payments | Identify incomplete or late supplier payments 46 reviewers of Precoro have provided feedback on this feature. | 90% (Based on 46 reviews) | |
Workflows | Include workflows for approvals and invoice processing 48 reviewers of Precoro have provided feedback on this feature. | 94% (Based on 48 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. 48 reviewers of Precoro have provided feedback on this feature. | 91% (Based on 48 reviews) | |
Qualifications | As reported in 48 Precoro reviews. Identify the services and products provided by suppliers, as well as certifications. | 84% (Based on 48 reviews) | |
History | Based on 50 Precoro reviews. Track history of all interactions and business transactions with suppliers. | 91% (Based on 50 reviews) |
Integration
Accounting | As reported in 39 Precoro reviews. Provide integration with accounting and financial management software | 85% (Based on 39 reviews) | |
Payments | Based on 35 Precoro reviews. Integrate with payment gateways and enterprise payments software | 86% (Based on 35 reviews) | |
ERP | Based on 32 Precoro reviews. Deliver integrations with accounting modules of ERP systems | 84% (Based on 32 reviews) | |
Procurement | Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management This feature was mentioned in 42 Precoro reviews. | 90% (Based on 42 reviews) |
RFP Response
Project Management | As reported in 10 Precoro reviews. Tracks the progress of any RFP in real time and set milestones to improve efficiency | 92% (Based on 10 reviews) | |
Content Library | Updates, organizes, and stores content of a project This feature was mentioned in 10 Precoro reviews. | 93% (Based on 10 reviews) | |
Access | As reported in 11 Precoro reviews. Assign users, roles, and manage access in order to set tasks and leave comments | 92% (Based on 11 reviews) | |
Automation | Automate repetitive and manual tasks, such as auto-filling answers and auto-responses | Not enough data | |
Export | Export files or spreadsheets with the ability to format and accomidate images | Not enough data | |
Import | Upload files or spreadsheets from multiple sources | Not enough data |
Recovery
Historical payments | Based on 14 Precoro reviews. Approve, reject, or query historical payment transactions to identify anomalies | 88% (Based on 14 reviews) | |
Overpayments | Recover overpayments, duplicate payments, or unused credits from suppliers 14 reviewers of Precoro have provided feedback on this feature. | 89% (Based on 14 reviews) |
AP Data Processing
Workflows | Constantly evaluate AP transactions to optimize workflows This feature was mentioned in 16 Precoro reviews. | 85% (Based on 16 reviews) | |
Transparency | As reported in 16 Precoro reviews. Improves management oversight by reconciling external data against internal transaction data | 85% (Based on 16 reviews) | |
Controls | Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk This feature was mentioned in 16 Precoro reviews. | 91% (Based on 16 reviews) |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases This feature was mentioned in 15 Precoro reviews. | 82% (Based on 15 reviews) | |
Recurring Virtual | Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services 14 reviewers of Precoro have provided feedback on this feature. | 80% (Based on 14 reviews) | |
Physical | Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets 14 reviewers of Precoro have provided feedback on this feature. | 80% (Based on 14 reviews) |
Reporting
Real time | Based on 17 Precoro reviews. Report on spend transactions as they happen in real time | 87% (Based on 17 reviews) | |
Multiple Views | Reports that allow the user to sort and filter by vendor, team, GL, department, etc. This feature was mentioned in 15 Precoro reviews. | 91% (Based on 15 reviews) | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets 17 reviewers of Precoro have provided feedback on this feature. | 86% (Based on 17 reviews) | |
Budgets | As reported in 16 Precoro reviews. Report on and track spending against budgets | 82% (Based on 16 reviews) |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information This feature was mentioned in 16 Precoro reviews. | 92% (Based on 16 reviews) | |
Recurring | Based on 16 Precoro reviews. Manage and execute recurring payments, such as subscriptions, services, utilities, etc. | 89% (Based on 16 reviews) | |
Employee Reimbursements | Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment This feature was mentioned in 16 Precoro reviews. | 80% (Based on 16 reviews) | |
ACH | Allows for the electronic transfer of funds between banks This feature was mentioned in 15 Precoro reviews. | 73% (Based on 15 reviews) |
Fraud & Risk Management
Notifications | Based on 17 Precoro reviews. Real-time notifications for fraudulant and/or duplicate spending | 91% (Based on 17 reviews) | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments 14 reviewers of Precoro have provided feedback on this feature. | 83% (Based on 14 reviews) | |
Controls | As reported in 15 Precoro reviews. Control spend limits, expiration dates, and lock and unlock stolen or lost cards | 93% (Based on 15 reviews) |
Supplier Marketplace
Library | Provides a centralized library containing product data. | Not enough data | |
Categorization | Enables users to assign custom categories to products. | Not enough data | |
Data Management | Creates and manages product catalogs. | Not enough data |
Contract Management
Compliance | Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. | Not enough data | |
Revenue | Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities | Not enough data | |
Negotiations | Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. | Not enough data |
Data Collection
Spend | Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. | Not enough data | |
Compliance Reports | Identifies noncompliant spending, fraud, and other activity outside of company policy. | Not enough data | |
Savings | Analyzes spending patterns and identifies areas to reduce costs. | Not enough data |
Project Management
Dashboard | Provides a dashboard for searching and reporting on contracts and projects. | Not enough data | |
Repository | Manages contracts in a single, online central repository. | Not enough data | |
Lifecycle | Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. | Not enough data |
