Emburse Nexonia vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Emburse Nexonia
Score 7.0 out of 10
N/A
Nexonia, by Emburse, is a tool designed to streamline employee expense reporting. It is designed to increase visibility into spendings and make the expense tracking, approval, and reporting process paperless. Nexonia was part of a merger with Certify in 2017 and is now part of the larger company formed from it and Chrome River, Emburse.N/A
Precoro
Score 2.8 out of 10
Mid-Size Companies (51-1,000 employees)
Precoro is a cloud-based solution for procurement process optimization. It aims to eliminate time-consuming manual procedures and human factor errors, and instead automates operations and centralizes purchasing processes. It enables users to: - Approve documents from any device using email or Slack notifications. Users can streamline approval workflow by adding as many steps as needed and assigning specific roles for colleagues. - To save money from the purchasing budget,…
$499
per month (billed annually)
Pricing
Emburse NexoniaPrecoro
Editions & Modules
No answers on this topic
Core
$499
per month (billed annually)
Automation
$999
per month (billed annually)
Suite
Individually Tailored Pricing
per year
Offerings
Pricing Offerings
Emburse NexoniaPrecoro
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Emburse NexoniaPrecoro
Considered Both Products
Emburse Nexonia
Chose Emburse Nexonia
As mentioned earlier in the several questions, Emburse Nexonia is easy to use compared to all the above applications. Integration is easy and plenty of automation opportunities in Emburse Nexonia. Capturing a time sheet is an additional option that no other application has this …
Chose Emburse Nexonia
I just used it for a client so not much experience into that to compare with nexonia which I have used extensively.

So my tendency is more towards nexonia which is satisfying the needs and hence not going to search for any other options.
Chose Emburse Nexonia
It captures receipts through the mobile app and is more convenient Easy to code time sheets and User-friendly and It will sync with Intacct and BILL for payments it greatly Improves suppliers and partner relationships it si very much Cost management it has good Product …
Chose Emburse Nexonia
The price point was right for us with enough critical features to meet our main business goals.
Chose Emburse Nexonia
Concur was significantly higher in price than Nexonia Expenses which is why we chose Nexonia Expenses instead.
Chose Emburse Nexonia
I used in the past Nexonia Expenses in my previous company and in my current company, we use SAP Concur. I think that Nexonia is clearly a good alternative and very affordable. Again, it seems like it has problems of scalability so when your company get to a certain size, it …
Chose Emburse Nexonia
Nexonia's price point is hard to beat, and their integration with NetSuite is the best I have seen out there.
Chose Emburse Nexonia
Nexonia was inexpensive and had all the features that we needed when we implemented it.
Chose Emburse Nexonia
Nexonia is probably more expensive than Expensify but has been around longer and has more features (accounts payable, time entry, etc). We decided on Nexonia for their customization features and amazing customer support.
Precoro
Chose Precoro
  • 14-day free trial.
  • The complete covering procurement cycle.
  • Handy spending visuals.
Chose Precoro
Best value for money, simple interface, custom fields, awesome sales and SCM team.
Chose Precoro
Cost-efficiency Intuitive for all employees Fast onboarding Unlimited custom fields Free trial Reliable Customer Support
Chose Precoro
Precoro is unique because it can be customizable from start to finish without needing to build in API. It is extremely easy to use and understand, so we did not need to give our employees extensive training as we did with Tradogram. Precoro also allowed us to communicate about …
Chose Precoro
Precoro is much easier to use and faster to implement than SAP Ariba, Coupa, or Oracle. It offers the right features without the complexity or high cost, helping us improve efficiency and control spend quickly.
Chose Precoro
To be honest, they were just more friendly
Features
Emburse NexoniaPrecoro
Expense Management
Comparison of Expense Management features of Product A and Product B
Emburse Nexonia
9.3
Ratings
8% above category average
Precoro
-
Ratings
Employee Expense Reporting9.30 Ratings00 Ratings
Corporate Card Reconciliation9.30 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Emburse Nexonia
9.0
Ratings
9% above category average
Precoro
-
Ratings
Customizable Approval Policies9.40 Ratings00 Ratings
Financial Document Management10.00 Ratings00 Ratings
Payment Status Tracking9.70 Ratings00 Ratings
Payment Audit Trail9.50 Ratings00 Ratings
Duplicate Bill Detection9.50 Ratings00 Ratings
Advanced OCR9.00 Ratings00 Ratings
Electronic Funds Transfer6.10 Ratings00 Ratings
Best Alternatives
Emburse NexoniaPrecoro
Small Businesses
Dext
Dext
Score 9.8 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
Esker
Esker
Score 10.0 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 9.1 out of 10
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Emburse NexoniaPrecoro
Likelihood to Recommend
9.0
(0 ratings)
9.6
(0 ratings)
Usability
-
(0 ratings)
7.3
(0 ratings)
Support Rating
6.6
(0 ratings)
9.1
(0 ratings)
User Testimonials
Emburse NexoniaPrecoro
Likelihood to Recommend
Well suited for businesses where the billing goes based on time and expenses. Easy tracking and integration helps to solve the accounting entry flow in the accounting system. Less appropriate where there is only fixed fee billing and time tracking metrics are not much required.
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Budget tracking on expenditure by departments - Precoro assists with budget tracking on the total budget which is allocated to each department. If the budget has been exhausted an alert is made for exceptional approval to the budget.
Duplication of invoices. When a supplier bills us the same invoice twice, Precoro makes a notification that an invoice with the same number was already uploaded for payment.
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Pros
  • The integration with NetSuite is well executed.
  • The system is intuitive for both users and approvers.
  • Ability to feed credit card data into the system is super helpful.
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  • Easy tracking of purchase orders with real-time status updates
  • 3-way matching of POs, invoices, and receipts to avoid errors
  • Built-in commenting to discuss requests and approvals right in the system
  • Responsive customer support with live chat — always helpful
  • Visual budgeting tools to track spending by department or project
  • Product catalog to standardize items across the company
  • Mobile-friendly approvals — approve requests from anywhere
  • Timely email and in-app notifications to avoid delays
  • Easy-to-use interface — no steep learning curve
  • Smooth onboarding and quick team adoption
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Cons
  • The design interface isn't intuitive or attractive. Because I use it irregularly (less than once a month), I spend a lot of wasted time trying to remember how to use it.
  • If you have complicated submissions, it's challenging to figure out how to submit it correctly. I have to break each submission down into individual charges, although there's supposed to be a way to use a "split" feature or other features that would allow you to add multiple receipts to 1 day. After a year, I still haven't figured out how to use anything beyond one receipt = 1 submission.
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  • The "bundles" in Precoro are not actually bundles. I would like to connect 2 of our catalog items together so that when 1 is selected for purchasing, the other item is required
  • Sometimes the comments wont properly tag a person that we're trying to tag
  • More options to customize the approval workflow based on location
  • Ability to edit where we're buying an item from without having to deny the request
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Usability
No answers on this topic
At first glance it seemed to be rather difficult in use, but actually it turned out to be much easier [than] we thought. Thanks to the Precoro team we could go through the procurement workflow. Now with [the] right, user-friendly software partner, we are absolutely ready to meet all [our] company's needs.
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Support Rating
I was not talking directly with the customer support. My understanding was that, there was some maintenance on the platform but it was never inconvenient for employee or during pick time when employee would put their expenses in the tool. To that extent, I think the support for Nexonia is correct
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Precoro is a company, which makes great products for businesses. What is more, it is a team of professionals, who are always keep[ing] in touch with you. Thanks [to] Precoro, we easily go through procurement workflow and manage all of our POs in a couple of minutes. We had a great experience with the Precoro team which helped us with installation of the software.
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Alternatives Considered
It captures receipts through the mobile app and is more convenient Easy to code time sheets and User-friendly and It will sync with Intacct and BILL for payments it greatly Improves suppliers and partner relationships it si very much Cost management it has good Product functionality and performance it helped in Overall cost reductions for small firms
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Precoro is unique because it can be customizable from start to finish without needing to build in API. It is extremely easy to use and understand, so we did not need to give our employees extensive training as we did with Tradogram. Precoro also allowed us to communicate about orders right within the order itself, where the other software did not.
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Return on Investment
  • Nexonia Expenses has provided a positive impact on ROI because it saves time for employees who are submitting expenses for reimbursement.
  • Nexonia Expenses provides a positive impact on ROI because it saves time for employees who are issuing and managing POs.
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  • Our problem before implementing Precoro was a lot of manual tasks, from managing catalogs to creating reports. Now all related processes are in one place, and it's faster to create a purchase order, track it, and get products in time. Also, the overall visibility increased. We can see all purchases and their impacts on our budget. Reports is the most customizable module, so we can get the data we need. Thanks to our CSM for fast onboarding and help!
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ScreenShots

Emburse Nexonia Screenshots

Screenshot of Nexonia Mobile App

Precoro Screenshots

Screenshot of AI-powered OCRScreenshot of the view of the Purchase Order: approval information, live budget information, and Supplier infoScreenshot of the configuration interfaceScreenshot of a view of the dashboardScreenshot of budgetsScreenshot of the item catalog