Precoro is a cloud-based procure-to-pay software solution that started within the SME market space and today is gaining traction with some clients in the Middle Market segment. Precoro targets organizations based mainly in the US and in Europe with 50-3000 employees that have several locations and are in need of a central procurement process.
Precoro views its main competitors in the status quo of ERP procurement solutions, which have manual procurement processes supported by tools such as Excel, Slack, email, etc. Some of its key competitors are Procurify, Approve.com and ProcurementExpress, among others.
Precoro sees itself as an “open” company based on the concept that it has a free trial and a visible pricing model, and it allows customers to understand costs before purchasing Precoro; all modules are included in the upfront price.
This Spend Matters PRO Vendor Analysis gives an overview of the vendor’s platform and services, a brief description of its solution functionalities, a vision of its roadmap, a description of its competitors, plus some key analyst takeaways.