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Precoro Reviews & Product Details

Mark M.
MM
Accountant | Office Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

The best things in Precoro is the how it's very useful when your business has a lot of Purchase Orders, I really like the approval functions so that no one can just approve a PO unless the set person for approving it, customer support is so easy, they help you right away when you need them. We heavily use Precoro on our day to day basis, we deal with a lot of PO's especially overseas. The step by step process is one of the best parts in Precoro, from Req to PO and PO to an Invoice. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

I think what they need to improve or add as a feature are: comments should carry over from the Req, to PO and to an Invoice. Also for PO's, they should have a function where you can choose a percentage or amount that you want to pay, some overseas vendors have like 50/50 terms or deposits required to start the order. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

The organization of how Precoro creates from Req to PO and PO to Invoice, and the approval stage feautre is very helpful for us since everyday we get purchase requests from our engineers. Review collected by and hosted on G2.com.

Precoro Overview

What is Precoro?

Precoro is a cloud-based solution for procurement centralization & automation. It unifies your procurement operations, eliminates manual work, prevents maverick spend and drives savings — faster than you think. Save 5% of every dollar spent by centralizing procurement data, identifying cost-saving opportunities, and eliminating duplicated payments. Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees. Gain full visibility into spending, manage POs, orchestrate approval routings, and collaborate with suppliers in one tool. - AP Automation: Save time at each stage of invoice processing with AP inbox, AI-powered OCR, approval workflow, 3-way matching, reporting, integrations, and budget control. - Spend Management: Seamlessly navigates budgets across locations and departments, manages expenses, and generates reports for insightful analysis. Monitor budget usage to leverage data-driven insights that enhance business profitability. - Supplier Management: Automate vendor onboarding and approval to mitigate possible risks. Utilize a supplier portal for efficient communication and manage supplier information in a centralized repository. - Connect Precoro with ERP systems and business tools like NetSuite, QuickBooks, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling. Precoro’s intuitive interface ensures painless onboarding without IT involvement. Customize, scale, and manage operations with ongoing support from your dedicated Customer Success Manager (CSM). Keep all your data secure with SSO and reliable 2-factor authentication. Our privacy compliance program aligns with the General Data Protection Regulation and the California Consumer Privacy Act. Moreover, Precoro is SOC 2 Type II compliant, ensuring the utmost protection for all your sensitive data.

Precoro Details
Product Website
Languages Supported
German, English, French, Spanish
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Product Description

Precoro is a Spend management solution that help companies control their spendings and generate savings it empowers businesses to manage direct and indirect company spending and streamline the purchasing process.

How do you position yourself against your competitors?

More reasons to love us:

- Fastest time-to-value. Get Precoro up and running in 2 to 8 weeks. Boost operational efficiency and achieve cost savings within the first few months of usage, and let Precoro bring value to your company.

- Mobile-first for field people. Available for both iOS and Android devices, the Precoro mobile app brings key aspects of your procurement workflow into the palm of your hand.

- Ease of Use. Forget about complicated and harrowing platforms. With Precoro's user-friendly interface, you'll integrate all company's operations within 2 weeks.

- Lifetime Support. We offer advice and support you can rely on for years. No chatbots, no long waits for calls, no extra costs. 96% of questions are answered within 2 hours. We aim to be your last stop in the search for a procurement solution.


Seller Details
Seller
Precoro
Company Website
Year Founded
2014
HQ Location
Brooklyn, New York
Twitter
@PrecoroHQ
866 Twitter followers
LinkedIn® Page
www.linkedin.com
102 employees on LinkedIn®
Description

Precoro is a cloud-based solution for procurement and AP automation. We empower companies from more than 80 countries (USA, UK, Europe, and Asia) to transform their purchasing experience, increase business efficiency with digitization, and simplify complex day-to-day operations. Precoro provides procurement and finance managers with the ability to replace paperwork, centralize purchasing, improve spending visibility, and prevent human factor mistakes. We're breaking the stereotype that purchasing software is expensive, hard to implement, and unfriendly to users. With Precoro, companies discover how easy procurement can be. No matter what business area or size they are related to.


Marina  M.
MM
Overview Provided by:

Recent Precoro Reviews

Lisa M.
LM
Lisa M.Small-Business (50 or fewer emp.)
5.0 out of 5
"Precoro is Intuitive and easy to use"
What I appreciate most about Precoro is how easy it is to use for both end users and administrators. Its versatility allows it to adapt to any proc...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"Great to work with"
Our dedicated build team were easily accessible and so kind - all of our needs were met with solutions in a quick and efficient manner.
Frank M.
FM
Frank M.Mid-Market (51-1000 emp.)
4.5 out of 5
"Precoro is a user friendly system that can easily be linked to accounting reporting softwares."
How it can help with tracking the procurement process to reporting
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Precoro Media

Precoro Demo - Dashboard
Monitor your spending progress and see what is left to do with the informative dashboard.
Precoro Demo - Purchase Order/Request Approval
Digitize and organize documents in one collaborative space. Track all purchasing activities across multiple projects and collaborate on the same documents from any device.
Precoro Demo - Budget Management
Set up budgets for each location, department, or project. Get full visibility over corporate spending. Visualize the overall spending status with progress bars and pie charts for future decisions.
Precoro Demo - Powerful reporting
Get insights into your business operations through visual analytics and detailed real-time reports.
Precoro Demo - Item Catalog
Store suppliers' information in one place and collaborate with them directly via Precoro. Monitor the most profitable offers using an item catalog and never miss the best deals.
Precoro Demo - Flexible Configurations
Choose any module combination you want to work with. Customize approval workflow, budgets, reports, and more. Make changes as you see fit.
Play Precoro Video

Official Interactive Demo

Precoro demo available

Try an interactive demo created by the software seller (right here on G2).

Official Downloads

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159 out of 160 Total Reviews for Precoro

4.7 out of 5
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159 out of 160 Total Reviews for Precoro
4.7 out of 5
159 out of 160 Total Reviews for Precoro
4.7 out of 5

Precoro Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for PrecoroQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Lisa M.
LM
Senior Buyer - Commodity Specialist/Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

What I appreciate most about Precoro is how easy it is to use for both end users and administrators. Its versatility allows it to adapt to any procurement model or approval flow, making it a great fit for various organizational needs. The email reminders for approvers are particularly helpful in keeping processes on track.

Having been involved in implementing and administering the software, I found it straightforward and requiring very little maintenance. It even offers more features than we needed, which is a wonderful bonus. Additionally, its seamless integration with our other systems has been a huge plus.

Lastly, the customer support team has been incredibly responsive, even with time zone differences. They’ve gone above and beyond by proactively reaching out to inform us about new features that could benefit us.

Overall, Precoro has been a fantastic tool, and I’m happy to recommend it. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

The only thing I would suggest for improvement is the billing process. I would prefer to receive invoices to pay directly, rather than having the billing housed within the software itself. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Precoro has been instrumental in solving several key challenges for us. It provides a robust audit trail, allowing us to track every step of the procurement process and see exactly whose approval is still needed at any given time. Additionally, it offers a seamless solution for managing purchase orders (POs) by automatically drawing down on the total as invoices are received, ensuring accurate tracking and streamlined financial management. Review collected by and hosted on G2.com.

LB
Head of Finance
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

Precoro is a simple and highly efficient vendor and expense management workflow system that is value for money. I couldn't recommend it more highly to any company looking for an easy to implement tool, that is cloud based, virtually plug and play, simple and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team! Review collected by and hosted on G2.com.

What do you dislike about Precoro?

Precoro integrates with Xero, its great for small businesses. Although some features such as contract management is not standalone, Precoro software will continue to evolve with better functionality and customer experience. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Its the facilitation and tracking of approval processes, maintaining a record of all vendor and expense payments in the one place and the ability to perform spend management analysis as well as process approval controls aligning to the company's delegated authorities that makes it wonderful tool to have. Review collected by and hosted on G2.com.

Verified User in Construction
AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Precoro?

Our dedicated build team were easily accessible and so kind - all of our needs were met with solutions in a quick and efficient manner. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

There are a few elements that are 'preset' in Precoro, meaning there are certain features that cannot be changed but overall we found ways around most of these to still ensure we had a simple and accessible system for our needs. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

It allows us to have all of our Purchase Orders all in one place and allows us to streamline approvals from all lines to ensure quick and effective approvals, not just to the vendor but also for payment. Review collected by and hosted on G2.com.

Frank M.
FM
Chief Accountant
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

How it can help with tracking the procurement process to reporting Review collected by and hosted on G2.com.

What do you dislike about Precoro?

They are still to perfect and roll out well the issue of approving invoices in the AP inbox created through pictures. They do not have the option to approve. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Procurement tracking and it helps close out gaps between PRFs and goods/services received. Review collected by and hosted on G2.com.

Orly D.
OD
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

I highly recommend Precoro for any organization seeking a robust and efficient procurement solution. Our experience with Precoro has been exceptional, largely due to their outstanding customer support and dedication to client satisfaction.

In particular, I would like to commend Mary Kornieienko, the Customer Support Manager at Precoro, for her exceptional assistance and support. Mary consistently goes above and beyond to ensure that our needs are met promptly and effectively. Her depth of knowledge, responsiveness, and willingness to assist have been invaluable to our team.

Additionally, Precoro offers a comprehensive suite of features that have greatly streamlined our procurement processes. From creating purchase orders to managing approvals and tracking spend, Precoro provides a user-friendly interface and powerful tools that have significantly enhanced our efficiency and productivity. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

It does not connect automatecly with my spesific accounting system. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Through the Precoro I can control my budget restrains Review collected by and hosted on G2.com.

Response from Marina Marochko of Precoro

Hi Orly,

Thank you so much for your honest feedback and for being such a loyal member of the Precoro community.

Our Customer Success team is always here to provide prompt support and address any questions or concerns you may have.

We truly appreciate your kind words about our product and are thrilled that you find it valuable.

Glad to have you on board with us!

Verified User in Biotechnology
AB
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

Precoro has the most helpful team. They get back to you so quickly and are constantly looking for ways to improve their product. Precoro is very easy to use and wonderful for companies that are located across the world. We found with our service representative, it was easy to implement and train on. We use Precoro daily in our procurement process and with our teams located in California and in Switzerland, it has made our job easy. It integrates well with QB Onilne. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

I find the reporting tools provided by Precoro could use some improvement. Right now it is simply a data dump for all reports and it would be lovely to see some standardised reports that you can just change the date and run. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Seemless integration of the approval process housed in one location accross multiple international jurisdictions. Review collected by and hosted on G2.com.

Rohan p.
RP
Senior Executive Student Recruitment
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

It's so simple to use, and the interface is very easy. We can easily find out any invoice. It shows the proper update when we have uploaded the invoice and the status of the invoice. It's one the best Software which I have used to date. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

Nothing to dislike, just one suggestion kindly increase the offline timing other we need to log in again if we put our laptop to sleep mood. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

It has helped me to upload bills on it very easily, which has saved my time. Review collected by and hosted on G2.com.

Stanislous Benjamin M.
SM
Receiving and Inventory Officer
Warehousing
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

1. It is very easy to use as it is straigh forward

2. Great customer support services

3. It is accessible with simple tools e.g mobile phones

4. It goes through upgrading process more often to provide best experience to its customers Review collected by and hosted on G2.com.

What do you dislike about Precoro?

1. It has limited features of perfoming some business transaction e.g, adjusments of credit notes and inventory write offs

2.In several incidents, it gets disrupted Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

It very flexible and allows automating business processes Review collected by and hosted on G2.com.

Rizerna D.
RD
Accountant
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

Our tracking became easier and PO format is much professional compare to other software. Its easy to use and very accessible Review collected by and hosted on G2.com.

What do you dislike about Precoro?

the downside is the Payment at Invoice there's no shortcut for 50% Advance Payment Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

Documentation problem became easier. everything is in the software Review collected by and hosted on G2.com.

Shankar S.
SS
Inventory officer
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Precoro?

Precoro customer service, I like the most. Whenever you face any technical challenges, Precoro team will be there help you out. Review collected by and hosted on G2.com.

What do you dislike about Precoro?

once on a blue moon, some technical error happens which is fixed upon notifying the team. Review collected by and hosted on G2.com.

What problems is Precoro solving and how is that benefiting you?

It helps while managing inventory along with supplier and purchase orders Review collected by and hosted on G2.com.