precoro pricing

3 min read

Latest Updates to Our Pricing Structure

Starting from January 2024, we’re changing our pricing to better align with the evolving needs of our customers and continuous product improvement.

Liudmyla Savina
Liudmyla Savina

At Precoro, our main commitment is to provide you with a top-notch software experience. Over the years, we've worked to enhance our platform capabilities and introduce new features to deliver exceptional value to our customers.

To empower our customers with greater customization options, even better support, and continuous product improvements, we’ve had to increase our pricing – but only by a little bit! Keep reading to learn more details about pricing updates.

What Does the New Pricing Look Like?

Precoro continues to offer two pricing plans:

  • For smaller teams of 20 users or less ($39 per user per month billed annually).
  • For larger teams of 21+ users (the pricing will be tailored to your organization’s specific needs by our consultants).
precoro pricing categories

Regardless of the type of plan you choose, you will have full access to all Precoro features and regular updates at no extra cost. Standard onboarding and end-to-end support are also included in the price, with no hidden fees or setup costs. You can, however, purchase optional add-ons.

Apart from these 2 plans, we offer an option of a Power-user pricing model for unique cases. Under this model, companies are charged only for approvers and administrative users (such as procurement and finance managers), and can add an unlimited number of free users who will be able to submit purchase requests.

Why the Price Increase?

Value Enhancement

Our recent updates go beyond mere bug fixes. We constantly listen to our customers’ feedback and strive to improve functionality, user experience, and overall performance. The adjustments in pricing reflect the added value that these enhancements bring to our customers’ daily operations.

Sustainable Innovation

To continue offering innovative solutions and stay ahead of industry trends, we have made strategic investments in research and development. These efforts are crucial to ensuring that our software remains cutting-edge, meets evolving business needs, and helps you stay competitive in your respective markets.

Support and Reliability

Your success is our success, and we recognize the importance of providing you with reliable support and service. The pricing adjustment enables us to maintain and even improve the quality of our customer support, ensuring that you receive prompt assistance whenever you need it.

New and upcoming functionality

Let’s briefly review the main changes we’ve implemented over the past few years:

Integrations. Over the past few years, we have focused on expanding our integration capabilities. In 2022-2023, we released direct integration with Xero, Google OCR, Google Sheets, Slack, Amazon Business Punch-In, Power BI, and an HR system, and the ability to log in with Google. Now, we’re working on adding more punchout catalogs to make the ordering process for our customers even more efficient.  

Supplier onboarding features. Collaborating with suppliers in Precoro got even better. In addition to the existing features for supplier management, such as the ability to store supplier catalogs, send them RFPs, and provide them with access to the Supplier Portal, we’ve added supplier registration forms and supplier approval capabilities. With these features, you can ensure your supplier management is transparent, structured, and compliant.

Customization. Providing our users with the ability to change the platform according to their specific business needs has always been at the forefront for us. Therefore, we’ve added a feature that lets users customize document forms and include only the fields they need, to save them time and hassle later on.

UI. Precoro constantly continues to improve the platform’s design. Over the past two years, we significantly changed our visual components and added advanced search options with a growing number of filters, info cards, new tabs, progress bars, statuses, and more. The biggest changes were made to our dashboard: now you can use pre-configured graphs and charts to track expenses over a specified period, monitor spending by suppliers, and identify users involved in each transaction.

Among other improvements, you can find an easier setup, a Service Order feature, budgets for PRs, vacation mode with a substitute user role, new AP automation capabilities, automatic PO generation from PRs, the ability to include negative item values in documents, and more.

With enhanced security and capacities, Precoro guarantees your data safety and 99.9% server uptime.

What to Expect Next

Our updated pricing plans represent a strategic move towards greater transparency, responsiveness, and customer empowerment. As we embark on this journey together, we're confident that these changes will not only meet but exceed your expectations.

If you’re an existing Precoro client, your Customer Success Manager will contact you shortly to discuss how the updated pricing will affect your subscription.

If you’re not using Precoro yet but want to make sure it's a good fit for your business, sign up for a 14-day free trial or book a demo on our website.

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Liudmyla Savina

Product Marketing Manager at Precoro. Keeps readers in the loop on vital Precoro announcements and integration tips.