Fairmarkit vs. Precoro

Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.

Incentivized

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.

• compares bids
• ranks potential supplier for each RFQ
• messaging inside the app is more effective than emails

Incentivized

• 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

• making customs fields have required input by the buyer
• a little more flexibility in the reporting, driven by the user

Incentivized

• 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

Incentivized

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.

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.

Fairmarkit brought a better value to the table that other competitors.

Incentivized

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.

Incentivized

• Our 1X ROI was achieved in 4 months
• After one year the savings exceeded our target

Incentivized

• 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!