Company Overview

About Precoro

Precoro Details

Founded

2014

Revenue

$3.8M

Team Size

98

What SIA Thinks

Precoro is a user-friendly procurement software designed to help businesses streamline their purchasing processes. This cloud-based platform is built for companies of all sizes, offering a straightforward solution to manage their procurement tasks more efficiently.

With Precoro, organizations can handle purchase orders, approvals, and supplier management all in one place. It’s designed to save time and reduce paperwork, letting you focus on more critical business tasks. The platform offers features like customizable approval workflows, which ensure that every purchase gets the right clearance before any money is spent. It's a simple way to avoid errors and keep budgets in check.

One of the standout features is inventory management, which gives users a clear view of stock levels and helps prevent over-ordering or running out of essential items. This way, you can always have the right supplies available when you need them. Precoro also supports real-time tracking of orders, so you know exactly where each purchase is in its lifecycle, from requisition to delivery.

Another benefit is the vendor management system. This feature helps businesses maintain accurate records of suppliers and their performance, fostering better relationships and ensuring the best deals. The software is also equipped with reporting and analytics tools, providing valuable insights that help you make informed decisions.

For companies with global operations, Precoro supports multiple currencies and tax systems, making it adaptable to various market needs. The interface is intuitive, and you don’t need any specialized training to get started. It integrates easily with other business tools you might already be using, making the transition smooth and hassle-free.

By simplifying and automating procurement tasks, Precoro helps businesses operate more efficiently, reduce costs, and maintain better control over their purchasing activities. It's a practical tool that aids in achieving more organized and transparent procurement processes.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • User-friendly interface
  • Integration options
  • Budget control
  • Automates tasks
  • Supplier management

Cons

  • Limited customization
  • Complex reporting
  • Costly subscription
  • Data syncing issues
  • Setup time investment

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