Favorite vendor management solution
for every kind of business
Get more done with a robust vendor management system
Utilize Precoro as a comprehensive solution for effectively managing vendors and suppliers. Minimize manual procedures and welcome a more intelligent approach to nurturing supplier relationships.
Onboard easily
Ensure transparency and well-organized processes for supplier validation and onboarding by configuring customized onboarding forms and approval workflows for new suppliers.
![Onboard easily image](/build/images/by-pages/seo-pages/vendor-management-system/features/feature-thumb-1.09b26fb5b49077325b6a3c6ac1aabf04.webp)
Control the process
Streamline your supply chain operations by consolidating vendor information, contracts, and catalogs in a centralized location. Build a clear contract management flow, optimize the procure-to-pay cycle, assign a dedicated account manager for each vendor — and witness productivity soar!
![Control the process image](/build/images/by-pages/seo-pages/vendor-management-system/features/feature-thumb-2.3a7d5750d33bb14d523d3e098d57f32e.webp)
Track for efficiency
Generate real-time reports as a part of vendor performance management. With Precoro reporting, it's easy to monitor spending per vendor and contract compliance rates in order to identify potential cost-saving opportunities and prepare a vendor risk management strategy.
![Track for efficiency image](/build/images/by-pages/seo-pages/vendor-management-system/features/feature-thumb-3.b5a784300c3ca5ede91a78c63613d9a9.webp)
Communicate well
Foster direct and convenient communication with your suppliers through our Supplier Portal's user-friendly interface. It lets suppliers create and update their item catalogs directly in Precoro.
![Communicate well image](/build/images/by-pages/seo-pages/vendor-management-system/features/feature-thumb-4.7dc92259f0830344740ae8975dbf3044.webp)
Cooperate to excel
Work together on requests for proposals, purchase orders, and invoices in real time within the unified platform accessible to both parties. This enhances collaboration, minimizes order discrepancies, and maximizes on-time deliveries.
![Cooperate to excel image](/build/images/by-pages/seo-pages/vendor-management-system/features/feature-thumb-5.66d31511169f35223c829cdb7f11fc27.webp)
Modern vendor management software that does it all
With Precoro, onboarding, overseeing, and communicating with suppliers become simpler and more intuitive.
Precoro vs. a typical vendor management software
Supplier and vendor management is a key component of an efficient procurement process. To achieve the best business results, find a solution that streamlines procurement as a whole. See which features make Precoro a market leader in this area.
Features
Typical VMS
Supplier management
Yes YesContract management
Yes YesItem catalogs
Yes YesPurchase order management
Yes YesRFQ and RFI
In specific packages YesPurchase requisition module
In specific packages YesCustom vendor approval workflows
In specific packages YesDocument approval workflows
In specific packages YesReporting
In specific packages YesInventory tracking
In specific packages YesAccounting integrations
In specific packages YesInvoice automation
No YesBudget control
No YesExpense management
No Yes3-way matching
No YesFree trial
No YesHere’s what our customers have to say
Precoro is loved by teams at over 1000 companies worldwide with various needs and workflows.
Why professionals choose Precoro for vendor management
Easy start
Set up your account, upload data, and invite suppliers — all in a few clicks! With Precoro, you can start collaborating almost instantly.
![Easy start image](/build/images/by-pages/seo-pages/vendor-management-system/reasons/reason-thumb-1.a54d0eead5b30bed93504195774b6c85.webp)
User-friendliness
Precoro’s interface is neat and straightforward. Your team and suppliers will love how easy it is to navigate without exhaustive training.
![User-friendliness image](/build/images/by-pages/seo-pages/vendor-management-system/reasons/reason-thumb-2.ea759a68a50b7f03032f36c5cac1162b.webp)
High level of customization
Precoro is built to fit your business. It’s highly adjustable and offers all kinds of settings, from configuring user roles to generating custom vendor reports. You can experiment until it fits perfectly.
![High level of customization image](/build/images/by-pages/seo-pages/vendor-management-system/reasons/reason-thumb-3.c33df7eed66fad53302b4f1524c26a24.webp)
Great value for money
See positive results from implementing Precoro within the first few months of using it. By streamlining several processes simultaneously, Precoro brings real value to your company. And for good money, as there are no hidden fees or complicated pricing tiers.
![Great value for money image](/build/images/by-pages/seo-pages/vendor-management-system/reasons/reason-thumb-4.688adc8377e30355ee3208eb703b6a7e.webp)
Customer-centric approach
For our team, you're not just a client — you're our partner. We believe it’s our goal to ensure your procurement and vendor management processes are impeccable. We listen to your needs and regularly improve Precoro's functionality based on customer feedback.
![Customer-centric approach image](/build/images/by-pages/seo-pages/vendor-management-system/reasons/reason-thumb-5.f5cf6b1d241d79cd99193fd6c6876d96.webp)
All your questions answered
What does supplier management entail?
Does vendor management mean the same as supplier management?
What are the benefits of a vendor management system?
What makes a good vendor management software?
What does vendor management software do?
Is SAP a vendor management system?
Is QuickBooks a vendor management system?
How can Precoro help with vendor management?
Discover more about the best vendor management practices
Check out our blog to find useful tips and strategies. We discuss supplier and vendor onboarding and management, ways to ensure supply chain efficiency, and various other aspects of successful procurement.