Choosing an all-in-one platform that encompasses procurement, accounting, and purchasing processes can take time and effort. This article compares two innovative procurement software options, ProcureDesk and Precoro.com, to help you choose the best software for your business.
Table of Contents
What should I look for when choosing procurement software?
When choosing software for all your procurement, purchasing, and accounting needs, there are three things to consider: Pricing, Process, and Success.
1. Pricing
Plans:
When comparing similar products, money and budget restrictions are at the front of everyone’s mind. Nobody wants to pay for services they won’t use. A good rule of thumb is always to look for a company that offers flexible, open pricing.
- ProcureDesk Pricing
- Purchasing Automation: $380 per month for 10 users
- Purchasing & AP Purchasing Automation: $560 per month for 10 users
- Enterprise Plan: Contact ProcureDesk for a customized quote
- Precoro Pricing
- Small: $35 per month per user (20 users or less)
- Large: Contact Precoro for a customized quote (more than 20 users)
Free Trials:
Procurement services with your best interest in mind will offer a way to test their product on trial. Click the links below to check out both companies’ 14-day free trial options.
- ProcureDesk: Free trial
- Precoro: Free trial
Demos:
Hands-on demos are a powerful way for companies to show customers exactly what they offer. ProcureDesk and Precoro offer customized demos where you can request to see specific aspects of the product.
Discounts:
ProcureDesk and Precoro offer discounts depending on your type of business and payment schedule.
- ProcureDesk: Discounts for non-profits and upfront yearly payment.
- Precoro: Discounts for non-profits, education, and start-ups.
Guarantees:
Free trials and demos are a great way to gain clients, but what happens when the two weeks are over? When choosing a platform, know its guarantees and cancellation policies.
- ProcureDesk:
- ROI Guarantee: If you don’t see an immediate reduction in time spent processing purchasing orders and invoices, ProcureDesk will cover your first month.
- 30-Day Guarantee: A full refund will be issued if you are not 100% satisfied in the first 30 days after sign-up.
- Precoro
- You can extract all your data upon cancellation if you decide to leave.
- No refund unless p. 5.1-5.2 of the Terms and Conditions are applied.
Check out an additional alternative comparison: Procuredesk vs Procurify.
2. Process
Integrations:
For procurement services to be worth the price, they need to integrate seamlessly with the apps you already use. ProcureDesk and Precoro.com offer various integration options, including QuickBooks, Xero, and NetSuite.
Deployment:
An easy-to-use system will be accessible on a variety of devices.
- ProcureDesk
- Web-based
- Mobile app available
- Precoro
- Web-based
- Desktop
3. Success
Before purchasing software, you should ask, has this software proven successful? Take a look at the ratings below to get an idea of how ProcureDesk and Precoro rank according to customers.
ProcureDesk
Capterra ratings out of 5 stars
- Overall: 4.8
- Ease of Use: 4.7
- Customer Service: 4.9
- Features: 4.8
- Value for Money: 5
Hundreds of growing companies love ProcureDesk, including Electric, Clade Therapeutics, Boston Materials, 1859, and more.
Precoro.com
Capterra ratings out of 5 stars
- Overall: 4.8
- Ease of Use: 4.7
- Customer Service: 4.8
- Features: 4.5
- Value for Money: 4.7
Precoro helps companies and forward-thinking clients from 67 countries and counting.
Comparison Takeaway
From our side-by-side comparison, you can see that while both are successful accounting solutions that offer similar features, ProcureDesk is rated higher overall by customers than Precoro, according to Capterra reviews.
The three main advantages ProcureDesk has over Precoro.com are:
- Better value for money (Pricing)
- High customer ratings (Success)
- Mobile access (Process)
Check out an additional alternative comparison: Procuredesk vs Spendwise.
How does ProcureDesk work?
So how exactly does this highly reviewed accounting software function? Read on to gain insight into your company’s purchasing process when you team up with ProcureDesk.
Creating Requisitions
ProcureDesk simplifies the requisition process through punchout catalogs. This handy feature saves you time by allowing buyers to purchase items directly from a supplier’s website, cutting out the middleman.
Purchase Approvals
Automated approvals give more accountability to employees, allowing them to verify purchases for small amounts. Another way businesses reduce manual work and streamline approvals is with ProcureDesk’s mobile app.
Sending Purchase Orders
Save time by automatically sending purchase orders to vendors. This simplified process allows you to send purchase orders to vendors according to their preferences via email, EDI, or cXml.
Track Order Status
Easily track orders through Advanced Shipping Notice (ASN) and create receipts to confirm the delivery in one place.
Entering Invoices
Reduce time spent on manual searching and gather all bills in a single place through email, supplier portal, and e-invoicing. The Optical Character Recognition engine extracts invoice data and instantly matches it to the correct purchase order.
Invoice Matching
Automated 3-way and 2-way matching mean no more struggle linking invoices to the correct receipts and purchase orders.
Send for Payment
ProcureDesk makes it simple to integrate purchase orders and invoices with your accounting system. Upon approval, the invoice is sent to your accounting system in real time.
Payment Status Updated
You can continue to pay using your preferred partners or online services. Automatic sync of the payment information means you receive real-time data and know the instant a payment status is updated.
Cash Flow Visibility
A central dashboard means you can easily access all the information you need regarding your cash flow. Easily track the who, what, and when of your payments.
For more insights into what ProcureDesk offers and to schedule a free demo, visit ProcureDesk.com.
Check out an additional alternative comparison: Procuredesk vs Planergy.
Summary
When choosing procurement software, companies should consider the procurement service’s pricing, process, and success.
ProcureDesk is an excellent alternative to Precoro purchasing software and other accounting solutions. It offers better value for your money and higher customer ratings. Additionally, it can be used on the go with just a few clicks through the mobile app.
ProcureDesk offers everything you need to manage your purchase orders and invoices and is an integrated solution for small to mid-sized businesses everywhere.
