Precoro
precoro.comBuild Difficulty: 5/5
Build a working replacement in a weekend with AI tools
AI-Powered Procurement Centralization & Automation Platform
How to Replace PrecoroOverview
Features
59 features across 21 categories
AI(5)
AI-powered assistant to analyze spending trends, identify top suppliers, and uncover savings opportunities
AI-powered processing of expense documents and receipts
Automated data extraction using Google AI-powered OCR and AI-assisted invoice processing
Catch duplicate invoices via AI-powered detection before they are paid
Optical character recognition for extracting data from invoices and documents
AP Automation(7)
Coming soon feature for bill payment processing
Manage credit notes in the AP module
Automated invoice approval workflows with routing and status tracking
Automated error-free invoice matching to ensure payment only for ordered and received items
Monitor paid and pending transactions with real-time status updates
Handle tax calculations and management in procurement transactions
Automated matching of purchase orders, receipts, and invoices to prevent overpayment
Access Control(2)
Add users and assign roles to determine access levels across the platform
Control user access based on defined roles and responsibilities
Administration(1)
Enterprise-level administrative controls for system configuration and management
Analytics(3)
Build and schedule custom reports with tailored insights for different stakeholders
Sync procurement software with Power BI for visual insights and leadership reporting
Customizable reports with insights on supplier lead times, product categories, and departmental expenses
Automation(2)
Set approval deadlines to prevent delays with notifications via email, Slack, and mobile app
No-code configuration for directing documents to appropriate approvers based on custom criteria
Budgeting(3)
Real-time budget tracking with project, department, and location-based budgeting capabilities
Create budgets for custom accounting periods
Set budgets for specific General Ledger accounts
Compliance(2)
Complete audit trail tracking who approved what and when with approval history
Choose between US-based or EU-based server locations for data storage
Customization(1)
Unlimited custom fields and rule-based workflows to match unique procurement processes
Document Management(1)
Unlimited document storage for files attached to POs, invoices, and receipts
Expense(2)
Coming soon feature for expense card integration
Track and manage expense reimbursements with AI-powered expense processing
Integration(3)
Build custom integrations to connect with unique business systems
Import and export data using flat files
Connect to vendor eCommerce platforms for direct purchasing through familiar interfaces
Inventory(2)
Track inventory levels by warehouse with low stock alerts and internal stock request capabilities
Manage unlimited number of items in catalogs and inventory
Localization(1)
Support for 300 major currencies in procurement documents
Mobile(1)
Native iOS and Android application for submitting requests, approvals, and order tracking on the go
Notifications(3)
Email notifications and reminders for approvals and status updates
Send approval notifications and updates via Slack
Coming soon feature for Microsoft Teams integration notifications
Organization(2)
Categorize spend by department, project, or location for transparent reporting
Manage multiple entities and subsidiaries in one place with unified purchases, users, and budgets
Procurement(8)
Create and manage blanket purchase orders for recurring supplier agreements
Create internal catalogs of approved items with images, prices, and SKUs
Track delivery performance and identify reliable suppliers
Guided intake forms with custom fields for capturing purchase and vendor data at request stage
Manage and create purchase orders with support for blanket, recurring, and service order types
Create and submit purchase requests with guided intake forms and employee-friendly submission process
Confirm and track receipts with visibility into what has arrived and delivery performance
RFP process directly within the platform for finding better pricing deals
Security(3)
Advanced security and data protection for enterprise customers
Security feature limiting access to specified IP addresses
Single Sign-On integration for centralized user authentication
Spend Management(1)
Track goods, subscriptions, services, and expense reimbursements against budgets with overspending alerts
Supplier Management(6)
Centralized storage for procurement contracts with expiration date alerts
Customizable supplier registration forms to collect tax forms, certifications, insurance documents, and NDAs
Self-service portal for vendors to update catalogs, respond to RFPs, and submit invoices
Manage unlimited supplier records in the vendor management system
Evaluate and track vendor performance metrics
Centralized vendor information management with approval workflows and supplier control
Pricing
Core
- ✓Procurement basics: PRs, POs, Receipts, Invoices
- ✓2- and 3-way match
- ✓Automated approvals
- ✓Custom fields and workflows
- ✓Service & item catalog
- ✓Vendor management
- ✓Contract repository
- ✓Expense management
- ✓Mobile app
- ✓QuickBooks Online
- ✓Xero
- ✓Slack
- ✓Reporting and analytics
Automation
Popular- ✓Everything in Core
- ✓AI-powered AP automation: OCR
- ✓AI expenses and AI assistant
- ✓Intake management
- ✓Inventory
- ✓PunchOut catalogs
- ✓Vendor onboarding and approval
- ✓Supplier Portal
- ✓RFPs
- ✓Real-time budget tracking
- ✓Advanced integrations
- ✓API access
- ✓SSO
- ✓Bill Payments & Expense Cards (coming soon)
Enterprise
- ✓Everything in Automation
- ✓Unlimited users
- ✓Advanced admin controls
- ✓ERP systems integrations
- ✓Custom-built integrations
- ✓US-based or EU-based regional server selection
- ✓IP white-listing
- ✓Enterprise-grade data protection
AP Module
- ✓Invoices
- ✓AI-powered Google OCR
- ✓Budget management
- ✓AI expenses
- ✓AI assistant
- ✓Vendor management
- ✓Vendor onboarding
- ✓Automated approvals
- ✓Reporting and analytics
- ✓Accounting integrations
- ✓API access
- ✓SSO
- ✓Mobile app
Cost Calculator
Pricing data not available for Precoro. Check their website for current pricing.
Build vs Buy
Should you build a Precoro alternative or buy the subscription? Estimate based on 59 features.
Buy Precoro
Better ValueBuild Your Own
Buying Precoro saves ~$55,440 over 3 years vs building.
Estimates based on 59 features and a BuildScore of 5/5. Actual costs vary.
Integrations
20 known integrations