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What is Precoro?

Precoro is a comprehensive cloud-based platform designed to consolidate and automate procurement, AP, and payment management. It seamlessly orchestrates your "request-to-pay" cycle, reduces manual tasks, curbs unauthorized spending, and accelerates savings through AI-driven intelligence. Procurement: Enhance relationships with suppliers, centralize contract management, and streamline employee requests for greater efficiency. AP & Payments: Optimize the invoice lifecycle using AI-driven OCR, 3-way matching, and automated workflows. Securely execute vendor payments directly from the platform to complete your financial cycle. Spend Management: Effortlessly monitor budgets across various locations and departments, manage expenditures, and generate reports that provide valuable insights. Supplier Management: Improve the onboarding process for vendors and streamline approvals to mitigate potential risks. Precoro integrates with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or you can establish custom connections using a free API, effectively eliminating duplicate payments and manual document handling. With an intuitive interface, Precoro ensures onboarding in less than six weeks without needing IT support. You can customize the system, scale operations, and receive continuous assistance from your personal Customer Success Manager (CSM). Moreover, your data remains secure with SSO and robust two-factor authentication, providing peace of mind while you manage your procurement and financial needs.

What is Pactum?

Pactum is an AI-driven solution that streamlines and enhances negotiation workflows to secure more favorable contracts. It specifically targets low-cost, high-volume deals that frequently go unmanaged or incur significant renegotiation expenses. By leveraging sophisticated AI technology, Pactum aims to boost profitability by an average of 4.2%. On average, clients experience a remarkable 71% automation in their negotiation processes, which eliminates the necessity for human involvement and conserves valuable time and resources. This capability enables Pactum to handle thousands of negotiations concurrently, empowering users to effectively engage their entire long tail of agreements at once. With such efficiency, organizations can focus more on strategic initiatives rather than being bogged down by repetitive negotiations.

Media

Media

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Integrations Supported

Amazon
Amazon Business
Coupa
Exact Online
Grainger
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Power BI
Odoo
Orange Apron Media
QuickBooks Desktop Pro
QuickBooks Online
QuickBooks Online Advanced
SAP Ariba
Sage 100
Sage 50
Sage Intacct
Slack
Synertrade
Xero

Integrations Supported

Amazon
Amazon Business
Coupa
Exact Online
Grainger
Microsoft Dynamics 365
Microsoft Dynamics 365 Business Central
Microsoft Power BI
Odoo
Orange Apron Media
QuickBooks Desktop Pro
QuickBooks Online
QuickBooks Online Advanced
SAP Ariba
Sage 100
Sage 50
Sage Intacct
Slack
Synertrade
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

$499/month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Precoro

Date Founded

2015

Company Location

United States

Company Website

precoro.com

Company Facts

Organization Name

Pactum

Date Founded

2019

Company Location

United States

Company Website

pactum.com

Categories and Features

Emissions Management

Allowance Management
Automatic CO2 Calculation
Emission Inventory
Emission Reduction Planning
Emissions Monitoring
Emissions Trading
Frequency-Based Tasks
Permit Level Maintenance
Risk Management

ESG

Activity Dashboard
Analytics/Reporting
Audit Management
Benchmarking
Compliance Management
Data Visualization
Document Management
Performance Metrics
Risk Assessment

Expense Report

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Purchasing

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

Spend Management

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Sustainability

Audit Management
Benchmarking
Compliance Management
Corrective Actions (CAPA)
Emissions Management
Employee Training
Energy Management
Incident Management
KPIs
Performance Metrics
Stakeholder Engagement
Supplier Management
Waste Management

Vendor Management

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

Categories and Features

Artificial Intelligence

Chatbot
For Healthcare
For Sales
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Natural Language Processing
Predictive Analytics
Process/Workflow Automation
Rules-Based Automation
Virtual Personal Assistant (VPA)

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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