15 years helping British businesses
choose better software

What is Precoro?

Process invoices twice as fast by using unlimited customizable accounts payable options within one platform. Leverage OCR technology to generate pre-filled invoices, compare your documents with 3-way matching, track all expenditures, set up budget limits, and optimize approval workflows. Precoro syncs with Quickbooks, Xero, and other solutions so that you don't need to enter the same data multiple times. Gain full transparency and an automated procurement cycle with Precoro.

Who Uses Precoro?

Whatever industry you're in, Precoro allows you to automate your purchasing, gain spend visibility, and achieve total compliance working as a team. From SMBs up to Enterprises worldwide.

Where can Precoro be deployed?

Cloud-based
On-premise

About the vendor

  • Precoro
  • Located in New York, US
  • Founded in 2015

Precoro support

  • Phone Support
  • 24/7 (Live rep)
  • Chat

Countries available

Afghanistan, Albania, Algeria, American Samoa, Andorra and 224 others

Languages

English, French, German, Spanish

Precoro pricing

Starting Price:

US$490.00/year
  • Yes, has free trial
  • No free version

Precoro does not have a free version but does offer a free trial. Precoro paid version starts at US$490.00/year.

Pricing plans

About the vendor

  • Precoro
  • Located in New York, US
  • Founded in 2015

Precoro support

  • Phone Support
  • 24/7 (Live rep)
  • Chat

Countries available

Afghanistan, Albania, Algeria, American Samoa, Andorra and 224 others

Languages

English, French, German, Spanish

Precoro videos and images

Precoro Software - Informative dashboard, where you can track your spend progress and see what is left to do.
Precoro Software - Keep all documents digitized and organized in one collaborative space. Maintain perfect track of all purchasing activity across multiple projects and locations. Collaborate on the same documents on-site or remotely using any device.
Precoro Software - Get insight into your business operations through visual analytics and real-time detailed reports.
Precoro Software - Streamline your approval workflow. Add as many steps as you need and assign specific roles for colleagues, such as configuration role, supplier management, initiator, approver, and others.
Precoro Software - Set up to monitor and control budgets for each location, department, or project. Visualize the overall spending status with progress bars and pie charts for future decisions.
View 6 more
Precoro video
Precoro Software - Informative dashboard, where you can track your spend progress and see what is left to do.
Precoro Software - Keep all documents digitized and organized in one collaborative space. Maintain perfect track of all purchasing activity across multiple projects and locations. Collaborate on the same documents on-site or remotely using any device.
Precoro Software - Get insight into your business operations through visual analytics and real-time detailed reports.
Precoro Software - Streamline your approval workflow. Add as many steps as you need and assign specific roles for colleagues, such as configuration role, supplier management, initiator, approver, and others.
Precoro Software - Set up to monitor and control budgets for each location, department, or project. Visualize the overall spending status with progress bars and pie charts for future decisions.

Features of Precoro

  • Access Controls/Permissions
  • Alerts/Notifications
  • Approval Process Control
  • Approval Workflow
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Cataloguing/Categorisation
  • Categorisation/Grouping
  • Collaboration Tools
  • Compliance Management
  • Contract Lifecycle Management
  • Contract/License Management
  • Data Import/Export
  • Duplicate Payment Alert
  • Expense Management
  • Expense Tracking
  • Financial Reporting
  • General Ledger
  • Integration Management
  • Inventory Management
  • Invoice Processing
  • Mobile Receipt Upload
  • Multi-Currency
  • Multi-Department/Project
  • Multi-Location
  • Onboarding
  • Order Fulfillment
  • Order Management
  • PO Reconciliation
  • Performance Metrics
  • Procurement Management
  • Project Management
  • Purchase Order Management
  • Purchasing Reports
  • Real-Time Data
  • Receipt Management
  • Reimbursement Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Requisition Management
  • Returns Management
  • Self Service Portal
  • Sourcing Management
  • Spend Analysis
  • Spend Control
  • Spend Management
  • Supplier Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Vendor Management
  • Workflow Management

Alternatives to Precoro

Extend the capabilities of your accounting system to include expense management with Nexonia.
JobBOSS², formerly known as E2 Shop, promotes the profitability of scaling job shops by delivering a seamless quote-to-cash solution.
Collaborate on projects, track time, manage expenses and invoice your customers. Available in the cloud, from any device!
Ideal for businesses of all sizes, it is a form building tool that helps users create survey forms while also reviewing submissions. Learn more about Jotform
Sage 300cloud is an ideal business management solution for growing service and distribution businesses.
360+ 4.7/5 reviews. Simple yet, fully featured. The highest rated accounts payable software. Learn more about ProcurementExpress.com
Sortly helps businesses track inventory, materials, parts, tools, and equipment—from any device, in any location.
Integrated business management solution that automates financial, customer relationship and supply chain processes.
Manage your direct & indirect purchasing on your own private procurement platform. Free version available. Learn more about Tradogram

Reviews of Precoro

Average score

Overall
4.8
Ease of Use
4.7
Customer Service
4.8
Features
4.5
Value for Money
4.7

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
77%
4
23%
3
0%
Gregory
Gregory
CISO in UK
Verified LinkedIn User
Information Technology & Services, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

A simple and intuitive platform to streamline procurement, purchasing and order management

5.0 2 months ago New

Pros:

Precoro allows us to simplify and streamline our ordering process, from the statement of requirement to PO validation flow, to vendor management, to invoicing and reconciliation. It is a 100% SaaS platform, so easy to access and no maintenance required.

Cons:

The invoicing piece could be easier to use. If a supplier generates part invoices for an order, it's still a bit awkward to manage if it has not been split properly when drafting the PO. Hopefully the new features such as Service PO and Blanket PO should resolve this.

Precoro Response

last month

Hello Gregory! Thank you so much for taking the time to write such a detailed and kind review for Precoro. We are thrilled to hear that our product has helped to simplify and streamline your procurement operations. We are always working to enhance the software and introduce new features to cater to your requirements. Thank you for being with us!

Dustin
Senior Lecturer in US
Education Management, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

Excellent Purchasing System for Senior Capstone Design Class

5.0 5 months ago

Comments: It has been great. The support for getting the software configured and working for UVM has been amazing.

Pros:

We were struggling to find a software program that was affordable to use in a project based engineering class. Precoro's price structure only charges on a Power User basis and not normal users, so this made it affordable. Precoro is web-based platform that allows students to use their university credentials to easily submit purchase orders for multiple parts from a variety of vendors with some oversight by administrators to approve and place the orders. It does this really well.

Cons:

The comment feature is great within the system, but you only get notified via email that you have a comment. It would be great to have a feature in Precoro that allows you to see comments that are addressed to you within the platform.

Alternatives Considered: Procurify

Reasons for Choosing Precoro: We didn't use Adobe. We used a custom piece of software that was developed in house. It had numerous flaws that caused orders to be duplicated, made it hard to order multiple parts from a single vendor, keep track of budgets and receive parts.

Switched From: Adobe Acrobat Reader

Reasons for Switching to Precoro: Procurify was too expensive. They wanted to charge on a per-user basis each month. This which was not affordable for the program, especially since the software remains unused for about 4 months of the year.

Precoro Response

5 months ago

Dustin, thanks for taking the time to write such a detailed and fantastic review! It's great to hear that Precoro has met your company's needs and made your procurement processes easier. Rest assured that our team works daily to improve the software and complement it with new features to meet every need out there. Thank you for being with us!

Kristi
Purchasing Coordinator in Canada
Hospitality, 201–500 Employees
Used the Software for: 1-5 months
Reviewer Source

Great overall product for Procurement

5.0 2 months ago

Pros:

captures all required needs in one program!

Cons:

there is currently no mobile app, which would be great for our maintenance team.

Precoro Response

2 months ago

Hi Kristi, Many thanks for your awesome review! We are glad that Precoro has been useful for you and made your work easier. We are currently working on developing an app and will keep you updated on its progress. Meanwhile, our support team is always there to help!

Blaz
Purchasing Manager in Slovenia
Machinery, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

A user-friendly and analytically empowering solution

3.0 11 months ago

Comments: Precoro software is an exceptional procurement management solution that has greatly improved our organization's processes. With its user-friendly interface, comprehensive features, and powerful reporting capabilities, Precoro has streamlined our purchasing operations and provided valuable insights. The responsive customer support further enhances the overall experience. I highly recommend it.

Pros:

I was impressed with Precoro's user-friendly interface and powerful analytics and reporting capabilities. The interface is intuitive, making it easy to learn and navigate. The software's analytics and reporting features provide comprehensive insights, helping me make informed decisions. I particularly appreciated the option to export data in Excel format, enabling further analysis and customization.

Cons:

It is not intuitive enough for me how inventory management should work. Also, when manually entering a new item, the small window provided for name and description made it difficult to verify entered information. Additionally, I discovered that Precoro allowed the creation of duplicate SKU numbers, even when an existing SKU already existed. Despite these concerns, Precoro's user-friendly interface and powerful analytics remain valuable for procurement processes.

Precoro Response

11 months ago

Hi Blaz, thank you for taking the time to write such an amazing and detailed review! We are thrilled to learn that Precoro helps your company improve analytics and purchasing operations. We appreciate your suggestions and will take them into account for future updates. Please don't hesitate to contact our support team with any further recommendations. This will aid in the rapid improvement of Precoro for all users. Thank you for choosing Precoro!

Caroline
Purchase Ledger Supervisor in UK
Education Management, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Think of Precoro as a saviour. It enhances protocol and transparency in business.

5.0 3 months ago

Comments: Precoro is an adorable tool with excellent performance. The dashboard is fully customizable and automation is practical and relatable.

Pros:

Precoro has its ways to enhance clarity in whatever field it is applied in. I started using Precoro in my business as a beginner to control budgeting and expenses tracking. It worked so well that when I got a job, I could not hesitate to apply it in my new position to make my work easier and professional. It has worked well and I feel the change. It is basically easy to use and implementation is not an issue at all. The customer service is excellent too.

Cons:

Great tool with no dislikes. Precoro is the best option for me.

Precoro Response

2 months ago

Hi Caroline! Many thanks for your awesome feedback. Saving your time and energy so you can devote more attention to strategic tasks is what we're here for. We're always working toward making our software even better. Thank you for being with us!