About Precoro
Precoro is a cloud-based software solution that helps you acquire complete control and exposure to procurement workflow and transform the functionalities into accessible automated processes. Precoro offers its services in three categories which offer exceptional services when combined and used together. The platform offers a range of models, suitable for various business sizes, of which a few are listed below.
Precoro Modules:
Precoro Procurement module is an automated robust software that helps businesses to comprehend the buying process along with the acquisition of supplies and services. From sourcing & supplier management to inventory, integrations, and purchase orders procurement automates and optimizes everything. Supply chain management software is combined with it and is strongly integrated with production planning and inventory management modules.
Precoro Purchase module streamlines and automates the procurement of feedstock and the purchasing process. It helps in identifying the potential suppliers and cost negotiation along with granting POs to the vendor and billing functionalities. From purchase requests & creating purchase orders to workflow approval to billing, the procurement purchase module automates and monitors everything.
Precoro Spend Management module helps enterprises to track, manage, analyze, and optimize corporation-wide spending to secure their fiscal point. It covers charges for managing supplier/vendor relationships, purchasing tools and software, paying for business-related travel and entertainment, etc. Payroll and reimbursements for employee expenses are not included in this. The 3-way match is a process that tallies invoices with receipts and orders of products/services. It also helps you to pay invoices that accomplish the terms and conditions set.
Benefits of Precoro
- Tracks discounts to save more from the procuring budget and prevent spending more than planned. Offers analytics and records for procurement strategy planning in order to increase cash flow transparency.
- Inventory makes sure that the products are never overstocked and makes inventory maintenance and transference easy.
- Precoro notifies you about all the updates and automates the approval of workflows for purchase orders, purchase requisitions, budgets, receipts, etc.
- Purchase requests help you to comprehend everything you need, what, how much and when you need. On the other hand, It also lets you see at which stage the processes requested are currently in.
- Offers Single Sign-on (SSO) along with reliable and protected 2-factor authentication.
You can try this all-in-one procurement software for a 14-day trial without paying a penny. Based on the size and requirements of your business you can opt for their subscription plans. Precoro supports any accounting system but many clients opt for integrations like Xero, Quickbooks Online, Oracle Netsuite, Slack, etc.
Precoro Features
- Forecasting : Predicts data based on past transactions, data, trends, and deals.
- “What-If” Scenarios : Planning techniques that contain all the data related to resources, inventories, functionalities, and monetary transactions.
- General Ledger : Tracks all the monetary dealings through its centralized accounting reports.
- Blanket Purchase Order : Automates manual work for the indirect procurement process while having various items in the catalog.
- Sourcing Management : Lets you send RFPs to suppliers, equate the propositions and choose the one among them.
- Supplier Management : Stores and manages vendors' data and contracts, and keeps agreements track with smart notifications.
Pros
Cons
- Offers all the required features for the best buying, reporting, and approval workflow processes.
- Efficiently manages budget concerning departments, categories, and users.
- Grants complete access to who can view or edit based on different locations, departments, and users.
- Upgradation of inventory management functionalities is appreciated.
- Some issues in the layout of the POs have been noted which leads to confusion among vendors with respect to shipping issues.
Precoro Ratings and Reviews
- Osanna B.Entertainment
Precoro has improved our workflow, provided improved communication and been easy to train our users.
- Verified User in Food & BeveragesMid-Market(51-1000 emp.)
-Should include PO amount as well as all bill information when pulling a bill report. Review collected by and hosted on G2.com.