#1 Procurify Alternative for Procurement Success
Get the fastest ROI with the most easily customizable and scalable platform on the market for complete spend control and visibility. Precoro brings added value from day one.
What makes Precoro different?
Choose a procurement solution that aligns with your strategic goals and can be tailored to your region.
Procurify
Mobility
The new mobile app ensures you can manage procurement operations on the go.
Procurify
Provides a basic mobile app.
Onboarding
Offers extremely fast setup and onboarding. Get up and running in 2-8 weeks.
Procurify
Basic onboarding can take 6-12 weeks or more.
Languages
Supports four languages: English 🇬🇧, Spanish 🇪🇸, French 🇫🇷, and German 🇩🇪.
Procurify
Supports English 🇬🇧.
Users are the ultimate judges
See how Precoro and Procurify fare in comparison in terms of essential performance factors for procurement software.
Highly acclaimed Procurify alternative
Precoro is repeatedly recognized as one of the best procurement tools and a leading Procurify competitor.
Precoro brings tangible results
Experience the quickest time to value and key metric improvements – just as our delighted customers did.
faster approvals
fewer duplicated payments
spend under management
shorter purchasing cycle time
annual budget savings
lower invoice processing costs
From Precoro users to you
Discover why over 1000 organizations around the world chose Precoro over other procurement solutions.
Functionality that sets Precoro apart from Procurify
Precoro is a one-stop solution providing complete visibility into every aspect of the source-to-invoice process. Unlike Procurify, we offer modules for RFPs, expenses, vendor onboarding, and warehouse management. But it doesn’t stop there; see what other features are better developed in Precoro.
Purchase Order Management
Create a PO from scratch or auto-generate it from the related purchase requisition or request for proposal. With Precoro, requesters and purchasers can easily fill out a purchase order using item and supplier catalogs. Moreover, they can write separate internal notes and add attachments for the team (for example, explaining the need for the purchase) and external ones for the supplier (such as a tax exemption form).
- Create recurring and blanket POs
- See the available budget while creating and approving purchase orders and set up alert notifications when the order exceeds the limit
- Quickly locate associated documents like invoices and receipts, as the PO conveniently links to them within the system
Approval Orchestration
Enjoy complete approval process orchestration and ensure that all purchases and expenses get the green light from key decision-makers. Teams can build parallel approval workflows for simultaneous stakeholder input (for example, legal and IT departments) or sequential workflows for staged approvals (for instance, requiring the department head to approve first, followed by an accountant). Eliminate approval bottlenecks with automatic notifications to the next approver in line. Customize unique approval workflows for:
- Warehouse requests
- Purchase requisitions
- Purchase orders
- Invoices
- Receipts
- Expenses
- Suppliers
Custom Forms
Use document custom forms to tailor procurement documents to your company’s specific requirements. Add unique document fields necessary for requesting a service, product, or subscription, and create different scenarios so the new field appears based on how the previous one was filled out. Precoro offers dynamic forms for the following documents:
- Purchase requisitions
- Purchase orders
- Invoices
- Expenses
Inventory Control
Keep tabs on your inventory. Precoro makes it easy for users to monitor and maintain optimal stock levels with real-time balance information at their fingertips. Additionally, you can create warehouse requests and transfer items between different storage locations. All pickup, putaway, posting changes, and internal warehouse movements can be recorded in the system.
- Set up low-stock alert notifications
- Generate POs from warehouse requests
- Run inventory reports on stock balances and purchases for a certain period
Supplier Management
Harness Precoro to take supplier management to a whole new level. Invite new suppliers using customizable registration forms and approve them in the system. Users can also create and send RFPs to vendors to compare their responses directly in the system. Plus, suppliers can access the Supplier Portal in Precoro to view POs, respond to RFPs, issue invoices, and track their payment status. Vendor management is easy when you can store and access vendor information and contracts in one place.
- Get notifications on expiring contracts
- Create supplier catalogs with pre-approved products and services
- Set specific payment terms
Analytics & Reports
Optimize your operations smartly with valuable insights about purchase orders, invoices, receipts, budgets, expenses, payments, and more. With just a few clicks in Precoro, your team can generate reports with a customizable report builder using 20 filters and 150+ data points. View detailed charts and standard XLSX reports to analyze spending patterns, identify cost-saving opportunities, and optimize budget allocation.
- Run separate reports for different modules in Precoro
- Schedule automatic reports to send data directly to Google Sheets or Power BI at specified intervals
- Ensure a transparent audit trail by comparing documents using the changelog and document version comparison features
Smoothly incorporate Precoro into your workflows
Precoro integrates with your favorite business solutions. Let your teams seamlessly exchange data and see important updates across tools. We offer various integrations at different levels to make procurement a breeze.
Fisher Scientific PunchOut
Automate procurement of laboratory equipment, chemicals, and supplies by accessing Fisher Scientific’s full catalog directly from Precoro.
Grainger PunchOut
Simplify the process of purchasing industrial supplies by shopping directly in Grainger and having all item details automatically imported into Precoro PO or PR.
Sage Intacct
Simplify accounting with automated sync of invoices, suppliers, payments, and more between Precoro and Sage Intacct.
QuickBooks Desktop
Integrate Precoro with QuickBooks Desktop to sync invoices, payments, GL accounts, and tax codes seamlessly.
QuickBooks Online
Send orders, bills, and vendors from Precoro to QuickBooks Online automatically.
Xero
Sync POs, invoices, and supplier info from Precoro to Xero accounting software.
4 reasons why companies love Precoro
Value for money
With improved spending visibility and operational efficiency, you'll witness a return on your investment within the first quarter of using Precoro.
Top-level security
We have established a comprehensive privacy compliance program in line with the General Data Protection Regulation. Moreover, Precoro passed a SOC 2 Type II audit, ensuring the utmost protection for all your sensitive data.
Full customization
Get complete freedom to add or remove modules from the system according to your growth stage, set up unlimited custom fields for all documents and budgets, design various approval workflows, and generate multiple real-time reports at no extra cost.
Customer-centric approach
Customer feedback shapes the product. We consistently enhance the system based on the real user experience of our clients. See how your ideas come to life in our biweekly product updates.
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Spend Management
Implement the best spend management software to ensure 100% spend control and achieve up to 5% of yearly budget savings.
Procure-to-Pay Automation
Adopt procure-to-pay software and simplify your workday – because you can’t manage everything in spreadsheets forever.
Accounts Payable Automation
Optimize your accounts payable operations by automating manual processes with Precoro. Simplify document processing and focus on strategic tasks.
Supplier Relationship Management
Streamline your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
Vendor Management
Build better relationships with vendors and get better deals. Check out how Precoro streamlines onboarding, evaluating, tracking, and collaborating with vendors.
Purchase Requisition Management
Use straightforward purchase requisition software with easy-to-follow templates and customizable approval workflows.
Mobile Procurement
Speed up procurement processes with the Precoro mobile app. Easily monitor spending, approve orders, and collaborate with your team on the go.
Intake Management
Transform your requesting and buying processes with seamless, effortless intake management.
Three-Way Matching and OCR
Check out how our 3-way match software uses Google's custom data extractor to process invoices and match them to POs and receipts.
Invoice Approval Process
Approve invoices 3.5x faster with Precoro. Enjoy full visibility into documents and pay only for verified bills.
AI in Procurement
Simplify your AP workload and achieve flawless document accuracy with our AI procurement software.