Top Precoro Alternatives & Competitors For 2024

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Looking for alternatives to Precoro? Many users crave user-friendly and feature-rich solutions for tasks like Dashboard and Reporting, Platform Capabilities, and Requisitions. Leveraging crowdsourced data from over 1,000 real Procurement Software selection projects based on 400+ capabilities, we present a comparison of Precoro to leading industry alternatives like Procurify, Basware, BirchStreet, and Transcepta.

Basware Software Tool
Transcepta Software Tool

Product Basics

Precoro is a comprehensive software solution designed to streamline procurement processes for businesses. It is particularly well-suited for small to medium-sized enterprises looking to automate their purchasing, expense management, and supply chain operations. One of the key benefits of using Precoro is its ability to reduce manual work and errors, thereby saving time and improving efficiency. The software is popular for features such as automated purchase orders, real-time budget tracking, and customizable approval workflows, which collectively enhance the procurement process. When compared to similar products in the market, users often highlight Precoro's user-friendly interface and responsive customer support as distinguishing factors. Pricing for Precoro typically follows a subscription model, with costs varying based on the number of users and the specific features required by the business. This flexible pricing structure allows companies to scale the software according to their needs and budget.

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Procurify is a spend management solution that helps improve spend culture by tracking expenses and purchases. It streamlines workflows and approval processes, as well as enables faster communication. Features include budget tracking, expense management, vendor management, audit logs, analysis, reporting and more. Easy integration with accounting offerings makes it easier to accumulate data in one place, while mobile access offers user convenience.
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Basware offers networked source-to-pay tools, e-invoicing, analytics and value added services. It facilitates automated operations and management, spend and supply chain visibility, supplier management, early payment discounts and more. It helps reduce paperwork, save time and effort spent in manual work, boosts working capital and enhances business ROI. It serves B2B companies of all sizes and industries.
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BirchStreet is a cloud-based P2P platform that uses diverse tools to improve and streamline business operations. It helps transform, optimize and digitize the shipping scene by granting maximum visibility and compiling customizable reports to streamline workflows. It is also a one-stop solution to order, track, manage and receive items while obtaining real-time alerts.
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Transcepta is a cutting-edge software solution designed to streamline and automate accounts payable (AP) processes. It is particularly well-suited for medium to large-sized businesses seeking to enhance their financial operations through automation. This platform stands out for its ability to reduce manual data entry, speed up invoice processing times, and improve overall accuracy in financial transactions. Among its most celebrated features are electronic invoicing, real-time spend visibility, and seamless integration with existing ERP systems. Users often highlight the significant cost savings and efficiency gains as key benefits, alongside the software's ability to strengthen supplier relationships through more timely and accurate payments. When compared to similar products in the AP Automation space, Transcepta is frequently praised for its user-friendly interface and robust customer support. Pricing considerations vary based on the scale of deployment and specific business needs, typically involving a subscription model that may be billed monthly or annually, ensuring flexibility for businesses of different sizes and budgets.

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Product Assistance

Documentation
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Live Online
Videos
Webinars
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24/7 Live Support
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Product Ranking

#22

among all
Procurement Software

#8

among all
Procurement Software

#6

among all
Procurement Software

#36

among all
Procurement Software

#29

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

73
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84
72
we're gathering data
88
98
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100
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Dashboard and Reporting
Platform Capabilities
Platform Security
Requisitions
Purchase Orders Management
Platform Security
Budget Management
Mobile Capabilities
Product Catalog
Purchase Orders Management
Budget Management
Dashboard and Reporting
Deployment Options
Mobile Capabilities
Native Integration and Extensibility
Budget Management
Dashboard and Reporting
Requisitions
Budget Management
Dashboard and Reporting
Deployment Options
Mobile Capabilities
Native Integration and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Precoro
Procurify
Basware
BirchStreet
Transcepta
+ Add Product + Add Product
Budget Management Contract Management Dashboard and Reporting Invoice Management Mobile Capabilities Native Integration and Extensibility Platform Capabilities Product Catalog Purchase Orders Management Receiving and Inventory Management Requisitions Sourcing Spend Management Supplier Management 88 76 100 89 77 60 100 80 90 39 96 67 58 62 98 0 83 67 97 83 82 90 90 36 90 50 68 77 100 31 100 82 37 60 71 70 75 74 88 64 79 68 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Excellent User Sentiment 264 reviews
Excellent User Sentiment 302 reviews
Great User Sentiment 289 reviews
Great User Sentiment 18 reviews
Great User Sentiment 26 reviews
95%
of users recommend this product

Precoro has a 'excellent' User Satisfaction Rating of 95% when considering 264 user reviews from 5 recognized software review sites.

90%
of users recommend this product

Procurify has a 'excellent' User Satisfaction Rating of 90% when considering 302 user reviews from 4 recognized software review sites.

85%
of users recommend this product

Basware has a 'great' User Satisfaction Rating of 85% when considering 289 user reviews from 4 recognized software review sites.

85%
of users recommend this product

BirchStreet has a 'great' User Satisfaction Rating of 85% when considering 18 user reviews from 3 recognized software review sites.

86%
of users recommend this product

Transcepta has a 'great' User Satisfaction Rating of 86% when considering 26 user reviews from 1 recognized software review sites.

5.0 (1)
4.7 (17)
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4.6 (43)
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4.5 (139)
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4.31 (26)
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3.9 (22)
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4.5 (139)
4.2 (14)
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4.0 (1)
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4.0 (18)
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Awards

User Favorite Award
User Favorite Award
we're gathering data
Budget Management Award
we're gathering data

Synopsis of User Ratings and Reviews

Easy to Use: According to all users mentioning this aspect, the system is very easy to use and requires little training.
Budget Management: Every reviewer referring to this feature observes that the system has helped bring transparency and gain control over their budget.
Customer Support: The service team is always there to answer questions and even help make available features not offered by the software, according to all reviews referring to this aspect.
Approval Workflow: Everyone mentioning this feature says the system has helped them become fast and effective by offering customizable approval workflows.
Purchasing Process: It helps automate, streamline and maintain the purchasing process, according to more than 88% of reviews on this feature.
Reports: It’s easy to access real-time and customized reports, according to 70% of reviewers referencing this feature.
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Ease of Use: According to all users mentioning this aspect, the system is very easy to use and has a low learning curve.
Purchasing: It’s easy and quick to order supplies, making the purchasing process smooth in the experience of all the reviewers referring to this feature.
Ordering: This feature helps keep things in order and provides ready-made templates to order multiple items, according to all reviews referring to it.
Autofill: All users mentioning this aspect say the system helps auto-fill fields and recurring orders.
Budget Management: It's easier and quicker to analyze and approve budgets, according to 60% reviews mentioning this feature.
Navigation: Navigation between systems and features is seamless, according to all reviews referencing this aspect.
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Implementation: All reviews on the topic suggest that it’s extremely simple and affordable to implement.
User Interface: The software has a clean, interactive and user-friendly interface, according to 100% of reviews on this aspect.
Easy to Learn: Every reviewer mentioning this aspect agrees that it’s quite easy to learn and adapt to, without any technical training.
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Streamlined Procurement Processes: BirchStreet automates many procurement tasks, such as purchase order creation and invoice processing, which saves time and reduces errors.
Improved Spend Visibility: The platform provides real-time insights into spending patterns, allowing businesses to track expenses and identify cost-saving opportunities.
Enhanced Compliance: BirchStreet helps organizations enforce purchasing policies and ensure compliance with regulatory requirements.
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Easy to Use: Users have praised Transcepta's intuitive interface, making it simple to navigate and process invoices, even for those unfamiliar with AP automation software.
Streamlined Invoice Processing: Transcepta automates many manual tasks, such as data entry and routing, which significantly reduces processing time and frees up staff to focus on more strategic tasks.
Improved Accuracy: Transcepta's automated data extraction and validation features minimize errors, leading to more accurate invoice processing and fewer payment delays.
Enhanced Visibility: The platform provides real-time insights into invoice status, allowing users to track invoices from receipt to payment and identify potential bottlenecks.
Strong Customer Support: Users have reported positive experiences with Transcepta's customer support team, who are responsive and helpful in resolving issues.
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Purchase Orders: It’s difficult to create and delete open POs and to set repetitive POs, according to more than 55% of users mentioning this feature.
Integration: Integration with SAP, NetSuite, QuickBook and other accounting solutions is difficult, as more than 85% reviews that mention this feature note.
Import: All the reviewers that mention this aspect report that data importing needs improvement, as many things need to be entered manually.
Search Tool: Every user mentioning this aspect finds it difficult to search for POs with items named in it.
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Interface: More than 70% of users mentioning the interface report that the system has bugs and is slow.
Integration: More solutions need to be added as integration options, as more than 65% reviews that mention this feature note.
Receiving Items: All the reviewers mentioning this aspect observe that every time a new item is received, the main list refreshes and the item is lost.
Inventory Management: Every user mentioning this aspect say this feature would be better if it helped track inventory.
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Program Lags: The software may lag or freeze sometimes while transferring multiple invoices at once, according to all reviews on this aspect.
Support Ticket: Ticket and issue management is slow sometimes, as all reviews on the quality of support suggest.
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Reporting limitations: Users express frustration with the limitations of the reporting functionality, finding it difficult to extract specific data or customize reports to meet their needs.
System glitches: Users report encountering occasional system glitches or errors that disrupt their workflow and require troubleshooting.
Complex user interface: Some users find the system's interface to be complex and not very user-friendly, requiring extensive training and experience to navigate efficiently.
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Limited Customization: Some users have found the platform's customization options to be limited, making it difficult to tailor the system to their specific procurement needs. For example, they may not be able to create custom reports or dashboards that align with their unique requirements.
Steep Learning Curve: The platform's interface can be complex and challenging to navigate, especially for new users. This can lead to a longer onboarding process and a steeper learning curve, which can be frustrating for users who are already familiar with other procurement systems.
Integration Challenges: Some users have reported difficulties integrating Transcepta with other systems, such as their ERP or CRM. This can create data silos and make it difficult to get a complete picture of their procurement processes.
Lack of Mobile Functionality: The platform lacks robust mobile functionality, which can be a challenge for users who need to access procurement information on the go. This can be particularly problematic for procurement professionals who are frequently traveling or working remotely.
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Reviews from the past year for Precoro paint a picture of a platform that streamlines procurement processes, saving businesses valuable time and money. Users consistently highlight Precoro's intuitive interface, making it accessible even for those without a finance background. The platform's robust reporting capabilities, with over 150 data points, empower financial teams to analyze spending patterns and make informed decisions. Integration with popular accounting software like QuickBooks and Xero further enhances Precoro's appeal, automating tasks and reducing manual data entry. While Precoro receives widespread acclaim, some users note occasional system instability requiring restarts. Additionally, managing supplier interactions can be challenging as suppliers lack dedicated accounts within the platform. Despite these drawbacks, Precoro's strengths far outweigh its weaknesses. Its comprehensive feature set, ease of use, and time-saving automation make it a standout choice in the procurement software landscape. Businesses seeking a holistic solution to optimize their procurement processes will find Precoro to be an invaluable asset. From small startups to large enterprises, Precoro's scalability and affordability cater to diverse organizational needs. If you're looking to transform your procurement operations and unlock cost savings, Precoro is undoubtedly worth exploring.

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Procurify is an easy-to-use system that improves budget management, provides useful templates for orders and simplifies item purchasing. It also offers user-friendly navigation, autofill features and more. However, reviews cite a slow system, difficulty in integration and the lack of inventory management as some drawbacks. It also loses newly received items due to list refreshes. Overall, it’s a good fit for companies that require frequent purchasing and expense management.

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Basware is a solution for companies looking for source-to-pay tools, e-invoicing, analytics and value-added services. It is easy to learn, which is a prominent advantage of the suite. Reviews suggest that it is easy and affordable to install as well. However, the program lags sometimes when transfering a lot of invoices at the same time. Support resolution is also slow according to user reviews. Altogether, it’s a fine choice for B2B companies looking for a purchase-to-pay and e-invoicing solution with a user-friendly interface and affordable price.

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Users praise BirchStreet for its user-friendly interface, robust features, and top-notch customer support. One user raved that BirchStreet is "the best procurement software I've ever used," while another shared that it "saved me hours of time each week." BirchStreet's ease of use is a major selling point, allowing users to quickly adapt to the platform and maximize their efficiency. Users also highlight the software's comprehensive functionality, enabling them to manage purchase orders, track shipments, and cultivate strong supplier relationships, all within a single, centralized system. This streamlines operations and reduces the need for multiple, disparate tools. While specific comparisons to competitors are limited in available reviews, BirchStreet's strengths lie in its user-centric design and comprehensive feature set, making it a compelling choice for businesses seeking a powerful yet intuitive procurement solution. BirchStreet seems to be a great fit for businesses of all sizes looking to streamline their procurement processes and boost efficiency. Its intuitive design makes it accessible to users with varying levels of technical expertise, while its powerful features cater to the complex needs of larger organizations. If you're searching for a procurement software that can simplify your operations and save you valuable time, BirchStreet might just be the ticket. However, remember that software is constantly evolving, so it's always a good idea to check the latest reviews and updates before making a decision.

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Is Transcepta the key to unlocking your procurement potential? User reviews from the past year indicate that Transcepta excels in automating accounts payable processes, particularly for medium to large businesses. Its strength lies in reducing manual data entry and speeding up invoice processing, leading to cost savings and efficiency gains. For example, users rave about its electronic invoicing feature and real-time spend visibility, which empowers them to make informed financial decisions. Compared to competitors like Procurify, Transcepta is lauded for its user-friendly interface and strong customer support. However, some users express concerns about the platform's pricing, which can be a significant investment, starting at $8,000. Overall, Transcepta emerges as a robust solution best suited for organizations seeking to automate their AP processes, improve accuracy in financial transactions, and strengthen supplier relationships through timely payments. Its comprehensive features and focus on automation make it a valuable asset for businesses looking to optimize their financial operations and drive growth.

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Related Categories

Top Alternatives in Procurement Software


Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

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