ExpenseOnDemand vs. Precoro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ExpenseOnDemand
Score 10.0 out of 10
N/A
ExpenseOnDemand is headquartered in London and was founded in 2003 with a vision to enable companies and their talent to focus on their core job by offering a smart, simple, and intuitive expense management solution. Their solutions are priced at USD 1 or GBP 1 or Euro 1 or INR 35 per user per month.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
ExpenseOnDemandPrecoro
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
ExpenseOnDemandPrecoro
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
ExpenseOnDemandPrecoro
Considered Both Products
ExpenseOnDemand

No answer on this topic

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
ExpenseOnDemandPrecoro
Expense Management
Comparison of Expense Management features of Product A and Product B
ExpenseOnDemand
9.5
Ratings
10% above category average
Precoro
-
Ratings
Employee Expense Reporting10.00 Ratings00 Ratings
Corporate Card Reconciliation9.00 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
ExpenseOnDemand
9.7
Ratings
17% above category average
Precoro
-
Ratings
Customizable Approval Policies10.00 Ratings00 Ratings
Financial Document Management10.00 Ratings00 Ratings
Payment Status Tracking10.00 Ratings00 Ratings
Payment Audit Trail9.00 Ratings00 Ratings
Duplicate Bill Detection10.00 Ratings00 Ratings
Advanced OCR10.00 Ratings00 Ratings
Electronic Funds Transfer9.00 Ratings00 Ratings
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ExpenseOnDemandPrecoro
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Score 8.7 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
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Score 10.0 out of 10
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User Ratings
ExpenseOnDemandPrecoro
Likelihood to Recommend
10.0
(0 ratings)
9.6
(0 ratings)
Usability
-
(0 ratings)
7.3
(0 ratings)
Support Rating
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
ExpenseOnDemandPrecoro
Likelihood to Recommend
The software is easy to deploy and use. We create different profiles with different permissions to manage and use the system to add, edit and approve expenses. Management is simplified and allows us to create reports where we can see the expenses in minute detail and quickly approve them from anywhere. There are different other functions that can be used on demand and as needed. All quickly learned to use the tool and are satisfied.
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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
  • Possibility to create automation for the inclusion and approval of attachments.
  • Friendly interface.
  • Real-time and customizable reports.
  • Low cost per user license.
  • Scanning files online.
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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
  • It lacks functions to create different graphs to analyze expenses.
  • Few bugs.
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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
No answers on this topic
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
No answers on this topic
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
  • Optimization in life of travel and expenses.
  • Better expense control and easy identification in detail.
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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

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