Precoro Review: Price, Features, Pros and Cons
While Precoro lacked native ERP integrations, it made a solid impression with its strong integrations with essential accounting systems, customizable workflows, and a noteworthy Amazon Punch-In feature.
The visual layout can be crowded at times but is still intuitive enough to manage your purchase requisitions smoothly. Precoro is reasonably priced but might come across as pricey compared to its rivals.
- Simple and straightforward pricing
- Both punchout and Punch-In catalogs
- Integrations for the top accounting systems e.g. QuickBooks Online, NetSuite, Xero
- Integrations with Power BI and API
- Few native integrations
- Visually cluttered purchase requisitions
- Poor user experience on mobile app
- Developer Precoro
- Client OS Web
- Deployment Cloud Hosted
What is Precoro?
Precoro is a cloud-based procurement software designed to help small to medium-sized businesses streamline their procurement processes. Precoro integrates with software such as Xero, QuickBooks, Netsuite, and Slack. Further integrations are powered by Power BI and Precoro’s open API.
Features include customizable approval workflows, purchase order creation, real-time budget tracking, and a centralized platform for supplier management. Common industries that use this software include biotech, construction, technology, healthcare, manufacturing, and hospitality.
Our Ratings
| Usability - 8 | Modern interface; various functions well integrated; some tasks and naming conventions not straightforward; POs and requisitions can be visually cluttered. |
| Support - 10 | Knowledge base has helpful step-by-step guides; easily accessible chat support; user reviews report excellent customer service. |
| Scalability - 8 | Has most of the features we would expect for this type of software; cannot download mobile app from the app store; mobile app has all features of software but has diminished user experience; punchout catalogs and "Punch-In" with Amazon. |
| Security - 10 | Two-factor authentication, SSO, inactive session timeout, IP access control; export all data; detailed permission controls for all users. |
| Value - 7 | Simple and transparent pricing structure; more expensive than some competitor products; pricing based on number of users. |
| Performance - 10 | Software is fast and responsive; can accomplish regular, repetitive tasks quickly. |
| Key Features - 8 | Most tasks accomplish what we expect; creating a purchase requisition is more complex than expected; AI OCR tool is not 100% accurate. |
Punch-In
In addition to PunchOut catalogs powered by Afaxys, Precoro has Amazon’s Punch-In catalog. Punch-In is similar to PunchOut, but the shopping starts on Amazon’s website rather than through the procurement system. Punch-In saves your selected quantities and prices for up to seven days. The benefits of using this system include reduced manual purchase order entries and unapproved Amazon purchases. Punch-In automatically sends invoices to Precoro’s system to eliminate undefined invoices and ensure approval.
AI Automation
Precoro embedded Google AI in 2024 to help automate the following features:
- OCR (Optical Character Recognition): The AI extracts key details and recognizes document layouts instantly, but with only 95% accuracy.
- 3-Way Match: Processes supplier invoices and compares them with POs and receipts. Discrepancies are flagged so you can review them to ensure accuracy.
- Workflow Automation: Helps streamline approval processes by routing invoices to the correct approver to cut down on manual workflows.
Pricing Plans
| Plan | Pricing | Features |
| Core | Starts at $499/month
Billed annually |
|
| Automation | Starts at $999/month
Billed Annually |
|
| Suite | Individual pricing |
|
What is Precoro used for?
Precoro helps users streamline purchasing activities like creating purchase requests and purchase orders, as well as automating approval routings. It’s an all-in-one procurement and spend management software that also helps manage budgets, manage suppliers, and automate your accounts payable.
Who is the founder of Precoro?
Andrew Zhyvolovich founded Precoro in 2016 in New York City, USA.
Is Precoro an ERP system?
Precoro is not an ERP system. It is a procurement and spend management software that integrates with accounting and ERP software.
Alternatives
Summary
We recommend Precoro for businesses that want a user-friendly procurement system that will help streamline procurement processes and improve overall efficiency.
Precoro’s standout features include easy-to-use purchase order creation, customizable approval workflows, and real-time budget tracking. The software also allows businesses to manage their supplier relationships by providing a centralized platform for communication and performance tracking.
This software offers integrations through their free open API and Power BI. While Precoro has native integrations with NetSuite, QuickBooks Online, Xero, and Slack, some businesses that use other programs may prefer the ease of use that natively integrated software grants.
Precoro is priced per user, billed annually, and has a free 14-day trial that allows you to test drive the system.
User Reviews of Precoro
Write a Review
We absolutely forgot about paperwork
As for us, Precoro is a perfect all in one digital solution, that allows company to modernize procurement process. It is very user-friendly and reliable, what is more, it will definitely save your time.
Pros
We absolutely forgot about paperwork and enjoy our modern way to create new POs or requests. Precoro has a team of professionals, who are ready to help you any time you need.
Cons
Precoro works well and meets all requirements, so we don't have any problems or concerns.
Precoro Review
Very good solution
Pros
The simplest and most useful software, an easy way to track all items and keep them secure, perfect success customer team.
Cons
Everything works perfect. Couldn't be happier with the software.
we can store all the attachments for pos in 1 system
New procurement software from Precoro helps us track the spends from all departments and makes the purchasing process in our office clear and transparent.
Pros
we can store all the attachments for pos in 1 system
Cons
nothing to complain about
Precoro Review
Precoro is a powerful procurement solution for your business
Pros
As a global company, it's great to manage all our entities and countries in 1 tool
Cons
it'll be great for the guys to have an app
having all the matching statuses in 1 place is a game-changer
For us it was important to have one solution for all needs. With Precoro we create purchase orders, send orders to suppliers and check their status. All in one system
Pros
having all the matching statuses in 1 place is a game-changer
Cons
nothing to complain about
Precoro Review
Precoro helped us take control of the company expenses by simplifying purchase requests and budget management.
Pros
fantastic custom reporting capabilities
Cons
nothing
Precoro Review
With Precoro we can simply track POs and company’s budget. great digital solution that saves out time
Pros
one place for all our requests
Cons
I don't see any cons at Precoro
easy to use software with user-friendly interface
We’ve been using Precoro for 6 months and luckily we have completely forgotten about paper documents and any type of manual work. From the automate sourcing to the managing purchase requests, we are supported with a cloud-based software and a team of professionals.
Pros
easy to use software with user-friendly interface
Cons
at first glance it was a little bit hard to get used to the new software
an all-in-one solution to control and automate the entire procurement workflow
We use Precoro as an all-in-one solution to control and automate the entire procurement workflow, from creating POs to managing the suppliers’ database. With the catalog, we’ve drastically reduced the time spent issuing purchase orders and requests and tracking their status. Plus, our managers easily approve on-the-go via phone.
