Acquirell vs. Precoro Comparison


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About Acquirell is a Corporate Procurement Platform that empowers SMBs to get the best terms from suppliers and have complete control over procurement. Acquirell includes the following modules: Requirements - assemble and approve requirements across departments and employees. Plan your purchases, along with informative dashboards PO processing - quickly create POs and send them to suppliers in a single system E-Sourcing - get the best prices from suppliers by conducting various forms of sourcing events: from the simplest ones, with RFQs sent to all suppliers, to auctions Contract Lifecycle Management - automate working with contracts: from initiating to archiving Supplier Relationship Management - control interaction with suppliers and manage the contractor database. Easily engage suppliers: invitations, easy registration, intuitive interface, single supplier workspace Analytics – reports on key procurement data: from budget savings to the percentage of unplanned POs	About Precoro is a cloud-based solution that consolidates procurement, AP, and payment management. It automates operations with AI, eliminates manual work, prevents maverick spend, and drives savings — faster than you think. Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees. AP & Payments: Save time with AI-powered OCR, 3-way matching, and approval workflows. Close the loop by paying vendors directly from Precoro to ensure a seamless request-to-pay cycle. Spend Management: Seamlessly navigate budgets across locations and departments, manage expenses, and generate reports for insightful analysis. Supplier Management: Automate vendor onboarding and approval to mitigate possible risks. Connect Precoro with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling.
Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook	Platforms Supported Windows Mac Linux Cloud On-Premises iPhone iPad Android Chromebook
Audience Procurement solution for businesses	Audience Progressive Small, Mid-sized Businesses and Large Enterprises from all the industries, all over the world, that would like to take 100% control over their purchases and don't spend much time on the implementation!
Support Phone Support 24/7 Live Support Online	Support Phone Support 24/7 Live Support Online
API Offers API	API Offers API
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing $20 per user per month Free Version Free Trial	Pricing $499/month Whether you're a small business just starting out or a large enterprise with complex procurement requirements, we have a package designed to meet your unique needs. From purchase order management to vendor onboarding management, our packages are designed to help you achieve procurement excellence. Free Version Free Trial
Reviews/Ratings Overall 5.0 / 5 ease 5.0 / 5 features 3.0 / 5 design 5.0 / 5 support 5.0 / 5 Read all reviews	Reviews/Ratings Overall 5.0 / 5 ease 5.0 / 5 features 5.0 / 5 design 4.9 / 5 support 5.0 / 5 Read all reviews
Pros & Cons from Real Users Pros Acquirell allows us to manage the POs and conduct RFI, RFQ, and RFP events. We can handle our requisitions in electronic form in one system just by attaching line items (requirements). Easy to communicate with vendors and within a team. The communication is recorded. Approval routes configuration in Acquirell helps us to manage complex approval workflow. 1. We can run RFPs with ease through the Sourcing module in Acquirell 2. All critical tools for us like POs, Contracts, Vendor Database, and eSourcing are in one place 3. We can sign a contract right after completing RFP 4. We can run prequalification prior to main sourcing events 1. Intuitive and convenient interface without dozens of confusing workspaces 2. The robust sourcing module. It is possible to run instant sourcing events (e.g. RFQ, RFP) just after a couple of hours of learning 3. It enables me to easily collect purchasing requirements from employees and quickly send POs to the suppliers in one system 4. Flexible approval routes tool 5. Affordable price Cons It is not possible to edit the text of the contracts just like in MS Word. Accounts Payable is out of scope. The Supplier Management module is "just okay". 1. Acquirell is designed more for the procurement of physical products rather than services. We had to play with evaluation criteria to tailor the RFPs to the procurement of services 2. No invoicing, we have to attach the files 3. Requisitioning is not convenient 1. The lack of default integrations. It is a matter of discussion. It was essential for us to integrate Acquirell with our QuickBooks. I had to spend my time discussing all integration details with their team. 2. The evaluation criteria in the sourcing module are a bit confusing. I spent around a day to understand how this tool works. Luckily, it is possible to run sourcing events by applying only price criteria without configuring tens of other criteria	Pros & Cons from Real Users Pros Intuitive interface, functionality, customizability, complete spending visibility, ability to manage separate budget for each department. The interface is very user-friendly. I like the dashboard with charts updating in real time. The number of requests, orders, and statutes are on one screen. Perfect! We can create POs and add vendors to the database easily. Precoro has a team of professionals, who are ready to help you any time you need. Only best recommendation for this product! The simplest and most useful software, an easy way to track all items and keep them secure, perfect success customer team. Cons I think Precoro should have iOS and Android applications. No issues with it really, everything works as intended. Feeling great about the system, 100% satisfactory. As for us, Precoro works well and meets all requirements, so we don't have any problems or concerns. Everything works perfect. Couldn't be happier with the software.
Training Documentation Webinars Live Online In Person	Training Documentation Webinars Live Online In Person
Company Information Acquirell Founded: 2013 United States acquirell.com	Company Information Precoro Founded: 2015 United States precoro.com
Alternatives Team Procure	Alternatives Fraxion
Promena Promena Strategic Procurement Solutions	Order.co
Scanmarket Unit4	Zahara
Procol	Ivalua
ProcurEngine AgileApt Solutions View All	Tipalti View All
Categories Contract Lifecycle Management (CLM) Procurement RFQ	Categories AI Procurement Construction Procurement Emissions Management ESG ESG Reporting Expense Report Procure to Pay Procurement Purchasing Spend Analysis Spend Management Sustainability Vendor Management
Procurement Features 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	Procurement Features 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 Show More Features Expense Report Features Approval Process Control Invoice Management Multi-Currency Receipt Management Reimbursement Management Spend Control Time Tracking Workflow Management Procure to Pay Features Billing & Invoicing Budgeting / Forecasting Compliance Management Contract Lifecycle Management Financial Reporting Integration Management Inventory Management Order Management Vendor Management Purchasing Features Catalog Management Compliance Management Contract Management Inventory Management Invoice Processing PunchOut Purchase Order Management Requisitions & Approvals Sourcing Management Spend Management Supplier Management Spend Management Features Approval Workflow Budgeting / Forecasting Expense Tracking Multi-Currency Prepaid Cards Procurement Management Receipt Management Spend Analysis Spend Control Supplier Management Vendor Management Features 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
Integrations Amazon Amazon Business Exact Online Grainger Microsoft Dynamics 365 Microsoft Dynamics 365 Business Central Microsoft Power BI NetSuite Odoo Orange Apron Media QuickBooks Desktop Pro QuickBooks Online QuickBooks Online Advanced Sage 100 Sage 50 Sage Intacct Slack Xero Show More Integrations	Integrations Amazon Amazon Business Exact Online Grainger Microsoft Dynamics 365 Microsoft Dynamics 365 Business Central Microsoft Power BI NetSuite Odoo Orange Apron Media QuickBooks Desktop Pro QuickBooks Online QuickBooks Online Advanced Sage 100 Sage 50 Sage Intacct Slack Xero Show More Integrations View All 18 Integrations
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