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Average Ratings 11 Ratings

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Description

Incorporate BiSourcing into various stages of your operations by enabling modules according to your company's needs. This innovative approach swiftly adjusts to your organization’s processes and protocols, yielding numerous advantages that enhance both workflow and interactions among sourcing team members. By significantly decreasing the overall time required for your processes, you can make much more effective use of your available resources. Engage in productive negotiations with suppliers to secure the best market prices through competitive bidding environments. Gain real-time insights regarding efficiency metrics, expense distribution, and supplier performance to inform your strategies. Additionally, strengthen communication with internal departments and external parties, including suppliers and regulatory bodies, to streamline operations. Ultimately, leveraging our extensive expertise will not only optimize your processes but also foster better relationships within your team and with external stakeholders.

Description

Precoro is a cloud-based solution that consolidates procurement, AP, and payment management. It automates operations with AI, eliminates manual work, prevents maverick spend, and drives savings — faster than you think. Procurement: Strengthen supplier relationships, centralize contract storage, and simplify employee requests. AP & Payments: Save time with AI-powered OCR, 3-way matching, and approval workflows. Execute vendor payments directly within Precoro to close the loop on your request-to-pay cycle. Spend Management: Effortlessly track budgets across multiple locations and departments, control expenses, and create reports for actionable insights. Supplier Management: Streamline vendor onboarding and approvals to minimize potential risks. Integrate Precoro with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or create custom connections with a free API. Say goodbye to duplicate payments and manual document processing. Precoro’s intuitive interface ensures onboarding in under 6 weeks - without IT involvement. Customize, scale, and manage with ongoing support from your dedicated Customer Success Manager (CSM). Keep all your data secure with SSO and reliable 2-factor authentication.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Amazon No 
Amazon Business No 
Exact Online No 
Grainger No 
Microsoft Dynamics 365 No 
Microsoft Dynamics 365 Business Central No 
Microsoft Power BI No 
NetSuite No 
Odoo No 
Orange Apron Media No 
QuickBooks Desktop Pro No 
QuickBooks Online No 
QuickBooks Online Advanced No 
SAP Business One Yes 
Sage 100 No 
Sage 50 No 
Sage Intacct No 
Slack No 
Xero No 

Integrations

Amazon Yes 
Amazon Business Yes 
Exact Online Yes 
Grainger Yes 
Microsoft Dynamics 365 Yes 
Microsoft Dynamics 365 Business Central Yes 
Microsoft Power BI Yes 
NetSuite Yes 
Odoo Yes 
Orange Apron Media Yes 
QuickBooks Desktop Pro Yes 
QuickBooks Online Yes 
QuickBooks Online Advanced Yes 
SAP Business One No 
Sage 100 Yes 
Sage 50 Yes 
Sage Intacct Yes 
Slack Yes 
Xero Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$499/month
Whether you're a small business just starting out or a large enterprise with complex procurement requirements, we have a package designed to meet your unique needs. From purchase order management to vendor onboarding management, our packages are designed to help you achieve procurement excellence.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows Yes 
Mac Yes 
Linux Yes 
Chromebook Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Aracniastudios

Founded

2003

Country

Colombia

Website

www.bisourcing.com

Vendor Details

Company Name

Precoro

Founded

2015

Country

United States

Website

precoro.com

Product Features

Auction

Absentee Bidding No 
Alerts/Notifications Yes 
Bid Management Yes 
Billing & Invoicing No 
Buy Now Option No 
Dutch Auction No 
Inventory Management No 
Live Auction Yes 
Membership Management Yes 
Nonprofit / Fundraising No 
Online Auction Yes 
Online Bidding Yes 
Online Ticket Sales No 
Proxy Bidding No 
Reverse Bidding Yes 
Silent Auction Yes 
Watch List Yes 
Website Management Yes 
White Label No 

Contract Management

Buy Side (Suppliers) No 
Completion Tracking No 
Compliance Tracking Yes 
Contract Lifecycle Management Yes 
Electronic Signature No 
Full Text Search No 
Government Contracts Yes 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts No 
Version Control No 
Workflow Management No 

Demand Planning

Capacity Planning No 
Data Visualization Yes 
Historical Reporting Yes 
Inventory Optimization No 
Planned vs Actual Tracking No 
Product Introduction Planning No 
Promotions Management No 
Replenishment Management No 
Sales Forecasting No 
Supply Forecasting Yes 

Procurement

Asset Management No 
Auction Management Yes 
Bid Management No 
Budget Management No 
Catalog Management Yes 
Contract Management Yes 
Inventory Management No 
Invoice Processing Yes 
PunchOut No 
Purchase Order Management Yes 
Receiving Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Purchasing

Catalog Management No 
Compliance Management Yes 
Contract Management Yes 
Inventory Management No 
Invoice Processing No 
PunchOut No 
Purchase Order Management Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management No 
Supplier Management Yes 

Sourcing

Auction Management Yes 
Budget Management No 
Collaboration Yes 
Global Sourcing Management Yes 
Rfx Management Yes 
Spend Management Yes 
Supplier Management Yes 
Supplier Qualification Yes 
Supplier Risk Management Yes 
Supplier Web Portal Yes 
Template Management Yes 

Vendor Management

Audit Management Yes 
Contact Management Yes 
Customer Database No 
Self Service Portal Yes 
Supplier Master Data Yes 
Transaction History Yes 
Vendor Maintained Profiles No 
Vendor Managed Inventory Yes 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

Product Features

Emissions Management

Allowance Management No 
Automatic CO2 Calculation No 
Emission Inventory No 
Emission Reduction Planning No 
Emissions Monitoring No 
Emissions Trading No 
Frequency-Based Tasks No 
Permit Level Maintenance No 
Risk Management No 

ESG

Activity Dashboard No 
Analytics/Reporting No 
Audit Management No 
Benchmarking No 
Compliance Management No 
Data Visualization No 
Document Management No 
Performance Metrics No 
Risk Assessment No 

Expense Report

Approval Process Control Yes 
Invoice Management Yes 
Multi-Currency Yes 
Receipt Management Yes 
Reimbursement Management Yes 
Spend Control Yes 
Time Tracking No 
Workflow Management Yes 

Procure to Pay

Billing & Invoicing Yes 
Budgeting / Forecasting Yes 
Compliance Management Yes 
Contract Lifecycle Management No 
Financial Reporting Yes 
Integration Management Yes 
Inventory Management Yes 
Order Management Yes 
Vendor Management Yes 

Procurement

Asset Management Yes 
Auction Management Yes 
Bid Management No 
Budget Management Yes 
Catalog Management Yes 
Contract Management Yes 
Inventory Management Yes 
Invoice Processing Yes 
PunchOut Yes 
Purchase Order Management Yes 
Receiving Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Purchasing

Catalog Management Yes 
Compliance Management Yes 
Contract Management Yes 
Inventory Management Yes 
Invoice Processing Yes 
PunchOut Yes 
Purchase Order Management Yes 
Requisitions & Approvals Yes 
Sourcing Management Yes 
Spend Management Yes 
Supplier Management Yes 

Spend Management

Approval Workflow Yes 
Budgeting / Forecasting Yes 
Expense Tracking Yes 
Multi-Currency Yes 
Prepaid Cards No 
Procurement Management Yes 
Receipt Management Yes 
Spend Analysis Yes 
Spend Control Yes 
Supplier Management Yes 

Sustainability

Audit Management No 
Benchmarking No 
Compliance Management No 
Corrective Actions (CAPA) No 
Emissions Management No 
Employee Training No 
Energy Management No 
Incident Management No 
KPIs No 
Performance Metrics No 
Stakeholder Engagement No 
Supplier Management No 
Waste Management No 

Vendor Management

Audit Management Yes 
Contact Management Yes 
Customer Database Yes 
Self Service Portal Yes 
Supplier Master Data Yes 
Transaction History Yes 
Vendor Maintained Profiles Yes 
Vendor Managed Inventory Yes 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

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Alternatives

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