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About

Simplicity shouldn’t be complicated. Medius makes AP autonomous—using intelligent technology to reimagine how invoices move into and through your business via a process that you don’t have to touch and that gets smarter with every step. Automate the entire source-to-pay process with the Medius Accounts Payable suite. Simplify and automate your entire AP process by removing paper and manual invoice keying, matching, and processing. You’ll always have full visibility of invoices, spend and cash flow to ensure you can close the books on time, every time. Remove complexity, reduce fraud and save money by improving the payments process in your organization. Medius Pay overhauls the way you pay your suppliers, removing manual processes such as processing checks, and promotes automated working instead. Empower your procurement team with the tools they need to eliminate maverick spend.

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 with virtual cards 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 Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Supported

Audience

Companies processing hundred to thousands of payments a month requiring corporate invoice and payment automation. We digitize invoices and payments including on-boarding your suppliers & vendors for ePayments.

Audience

Progressive small, mid-sized businesses and large enterprises across all industries worldwide that want full control over their purchases and payments, without a lengthy implementation.

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

Tiered subscription pricing based on invoice and payment volume.
Free Version Supported
Free Trial Not Supported

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 Not Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.9 / 5
support 5.0 / 5

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 Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Medius
Founded: 2001
Sweden
www.medius.com

Company Information

Precoro
Founded: 2015
United States
precoro.com

Alternatives

Alternatives

Categories

Accounting Supported
Accounts Payable Supported
AP Automation Supported
E-Invoicing Supported
Payment Processing Supported
Procure to Pay Supported
Procurement Supported
Sourcing Supported
Tender Management Supported

Categories

AI Procurement Supported
ESG Supported
ESG Reporting Supported
Expense Report Supported
Procure to Pay Supported
Procurement Supported
Purchasing Supported
Spend Analysis Supported
Spend Management Supported
Sustainability Supported
Vendor Management Supported

Accounting Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Supported
Cash Management Supported
CPA Firms Supported
Cryptocurrency Support Not Supported
Expense Tracking Supported
Fixed Asset Management Supported
Fund Accounting Supported
General Ledger Supported
Government Supported
Multi-Currency Supported
Nonprofits Supported
Payroll Management Supported
Project Accounting Supported
Purchase Orders Supported
Tax Management Supported

Accounts Payable Features

Approval Process Control Supported
Bank Reconciliation Supported
Cash Management Supported
Check Writing Supported
Duplicate Payment Alert Supported
Fraud Detection Supported
General Ledger Entry Supported
Vendor Management Supported

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Supported
Customer Portal Supported
Customizable Invoices Supported
Dunning Management Supported
Hourly Billing Supported
Invoice History Supported
Mobile Payments Supported
Multi-Currency Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Supported
Tax Calculator Not Supported

Payment Processing Features

ACH Check Transactions Supported
Bitcoin Compatible Not Supported
Debit Card Support Supported
Gift Card Management Not Supported
Mobile Payments Supported
Online Payments Supported
POS Transactions Supported
Receipt Printing Supported
Recurring Billing Supported
Signature Capture Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Not Supported
Financial Reporting Supported
Integration Management Supported
Inventory Management Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Supported
Auction Management Supported
Bid Management Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Expense Report Features

Approval Process Control Supported
Invoice Management Supported
Multi-Currency Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Not Supported
Workflow Management Supported

Purchasing Features

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

Spend Management Features

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

Sustainability Features

Audit Management Not Supported
Benchmarking Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Emissions Management Not Supported
Employee Training Not Supported
Energy Management Not Supported
Incident Management Not Supported
KPIs Not Supported
Performance Metrics Not Supported
Stakeholder Engagement Not Supported
Supplier Management Supported
Waste Management Not Supported

Vendor Management Features

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

Integrations

Microsoft Dynamics 365 Supported
Microsoft Dynamics 365 Business Central Supported
NetSuite Supported
Sage Intacct Supported
Acumatica Cloud ERP Supported
Amazon Not Supported
Amazon Business Not Supported
JD Edwards EnterpriseOne Supported
Microsoft Dynamics GP Supported
Microsoft Power BI Not Supported
Odoo Not Supported
Oracle PeopleSoft Supported
Orange Apron Media Not Supported
QuickBooks Online Not Supported
Sage 50 Not Supported
Slack Not Supported
Store Enterprise Supported
When I Work Supported
Workday Financial Management Supported
Xero Not Supported

Integrations

Microsoft Dynamics 365 Supported
Microsoft Dynamics 365 Business Central Supported
NetSuite Supported
Sage Intacct Supported
Acumatica Cloud ERP Not Supported
Amazon Supported
Amazon Business Supported
JD Edwards EnterpriseOne Not Supported
Microsoft Dynamics GP Not Supported
Microsoft Power BI Supported
Odoo Supported
Oracle PeopleSoft Not Supported
Orange Apron Media Supported
QuickBooks Online Supported
Sage 50 Supported
Slack Supported
Store Enterprise Not Supported
When I Work Not Supported
Workday Financial Management Not Supported
Xero Supported
Claim Medius and update features and information
Claim Medius and update features and information
Claim Precoro and update features and information
Claim Precoro and update features and information