Is Precoro worth the price?
Precoro's pricing is on the higher side for small to medium businesses, with the 'Core' plan at $499/month offering essential procurement.
The 'Automation' plan at $999/month provides significant AI-powered AP automation, justifying the price for companies with high transaction volumes. It's best suited for growing mid-market companies and larger enterprises looking for comprehensive procurement and AP solutions.
Pricing Plans
Core
$499/month
- Procurement basics: PRs POs Receipts Invoices
- 2- and 3-way match
- Automated approvals
- Custom fields and workflows
- Service & item catalog
- Spend & Vendor management: Vendor management Contract repository Expense management
- Mobile app
- Integrations: Quickbooks Online Xero Slack
- Reporting and analytics
- Automation
Automation
$999/month
- Everything in Core
- AI-powered AP automation: OCR AI expenses and AI assistant
- Procurement operations: Intake management Inventory PunchOut catalogs
- Vendor collaboration: Vendor onboarding and approval Supplier Portal RFPs
- Real-time budget tracking
- Integrations: Advanced integrations API access SSO
- Coming soon: Bill payments and credit cards
Enterprise
Custom
- Everything in Automation
- Capability & Access: Unlimited users Advanced admin controls
- Integrations: ERP systems Custom-built integrations
- Regional server selection: US-based EU-based
- Security & Compliance: IP white-listing Enterprise-grade data protection
AP Module
$499/month
- Invoices
- AI-powered Google OCR
- Budget management
- AI expenses
- AI assistant
- Vendor management
- Vendor onboarding
- Automated approvals
- Reporting and analytics
- Accounting integrations
- API access
- SSO
- Mobile app
Hidden Costs & Gotchas
Enterprise tier requires custom quote, likely higher.
Potential for additional costs for custom integrations.
No free trial to test features before commitment.
Which Plan Do You Need?
Mid-sized businesses needing robust procurement
Companies seeking AI-powered AP automation
Enterprises requiring custom integrations
How Precoro Compares to Competitors
Compared to solutions like Spendesk (starting around $500+/month for similar features) or SAP Concur (often higher for comparable enterprise functionality), Precoro's 'Automation' tier at $999/month offers competitive AI-powered AP. Its 'Core' plan at $499/month is in line with other mid-market procurement tools, but the lack of a free trial or lower entry point might deter smaller businesses.
Precoro Pricing FAQ
How much does Precoro cost?
Precoro starts at $499/month on the Core plan. It offers 3 paid tiers ranging from $499/month up to $499/month.
Does Precoro have a free plan?
Precoro does not offer a permanent free plan. Paid plans are required from day one.
What is the cheapest Precoro paid plan?
The cheapest paid plan for Precoro is "Core" at $499/month. Key features include: Procurement basics: PRs POs Receipts Invoices, 2- and 3-way match, Automated approvals.
Cheaper alternatives to Precoro
Direct competitors with similar features. Many offer free tiers or lower per-seat pricing.
