Trustworthy and user-friendly vendor management system
Top-notch software for managing relationships with your procurement partners. Onboarding, evaluating, tracking, and collaborating with vendors or suppliers — all in one place.
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.
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!
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.
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.
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.
Modern vendor management software that does it all
With Precoro, onboarding, overseeing, and communicating with suppliers become simpler and more intuitive.
Onboard
Automate the supplier onboarding process and minimize back-and-forth exchanges via emails or phone calls. Make sure onboarding is fast and error-proof.
- Custom vendor onboarding forms
- Automated capture of information from documents
- Integrations to share data about supplier onboarding
- Approval workflows for new vendors based on vendor categories
Oversee
Store all vendor and supplier details in one place. This way, you can easily oversee all supplier-related operations and minimize supply chain disruptions.
- Supplier catalogs with detailed company information
- Pre-approval of products according to the purchasing policies
- Contract repository for ensuring policy compliance and timely renewals
- Automated P2P cycle with real-time tracking of PO status
- Historical spending and real-time reporting on suppliers
Communicate
Establish a trustworthy communication channel via the Supplier Portal to ensure direct and instant information exchange. Precoro’s Supplier Portal lets you:
- Prevent PO discrepancies by letting suppliers create and modify item catalogs
- Manage and update RFPs in a single platform to speed up the process
- Grant Supplier Portal access to vendors so they can send invoices and track payment status
- Automatically send POs to suppliers so that they can be fulfilled faster
Manage your supplier relationships in the smartest way
With dedicated software, your supplier and vendor relationships are smooth, the purchasing process is cost-efficient, and your vendor management strategy aligns with the procurement strategy. Watch this short video to learn how a vendor management platform like Precoro can help.
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 YesShare vendor information across core company tools
Build the ideal tech stack for your company with the help of integrations offered by Precoro. Our software will fit right in with your accounting tools, ERPs, or any other tools you’d like to connect.
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.
NetSuite
Sync subsidiaries, locations, POs, bills, vendor data, and more.
Amazon Business Punch-in
Convert your Amazon Business cart into a ready-made PO in Precoro.
Slack
Approve or Reject financial documents directly from your Slack workspace.
Single sign-on
Integrate Precoro with your SSO provider for secure credential management.
Power BI
Connect data in real-time, build custom reports, and schedule automatic dashboard updates.
eMapp Marketplace
Shop directly via eMapp marketplace and submit an automatically generated PO for approval in Precoro.
Here’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.
User-friendliness
Precoro’s interface is neat and straightforward. Your team and suppliers will love how easy it is to navigate without exhaustive training.
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.
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.
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.
Procurement and vendor management tool that proved its effectiveness
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.
