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BirchStreet vs Precoro

Last Updated: November 18th, 2024

Our analysts compared BirchStreet vs Precoro based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots

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Product Basics

BirchStreet is a cloud-based P2P platform that uses diverse tools to improve and streamline business operations. It helps transform, optimize and digitize the shipping scene by granting maximum visibility and compiling customizable reports to streamline workflows. It is also a one-stop solution to order, track, manage and receive items while obtaining real-time alerts.

Precoro is a comprehensive software solution designed to streamline procurement processes for businesses. It is particularly well-suited for small to medium-sized enterprises looking to automate their purchasing, expense management, and supply chain operations. One of the key benefits of using Precoro is its ability to reduce manual work and errors, thereby saving time and improving efficiency. The software is popular for features such as automated purchase orders, real-time budget tracking, and customizable approval workflows, which collectively enhance the procurement process. When compared to similar products in the market, users often highlight Precoro's user-friendly interface and responsive customer support as distinguishing factors. Pricing for Precoro typically follows a subscription model, with costs varying based on the number of users and the specific features required by the business. This flexible pricing structure allows companies to scale the software according to their needs and budget.

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$35/User, Monthly

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Product Insights

Effective Budget Management: Birchstreet received a 100 SelectHub analyst rating for its budget management module. It lets you create budgets, import and export information, set purchase order limits, assign budgets to specific time periods, and reserve funds for taxes, charges and discounts on requisitions. The checkbook drill-down tool provides an overview of transactions affecting departmental or GL account budgets. You can also manually edit budgets and approval workflows and track spending by department or time period.
Streamlined Reporting: The platform got full marks (100) for its reporting and dashboard tools from our analysts. You get every key reporting feature out of the box, including report templates, custom filters, automated report scheduling and multi-level report access permissions. It offers pre-built dashboards on spend visibility and compliance and report templates on inventory, purchase orders, closing variance, item costs and more.
Efficient Requisition Management: Another strong feature is the platform’s requisitioning toolkit, which offers 88% of all key features ready to use out of the box. You can set approval workflows, evaluate bids using filters, create RFQs, convert purchase requests into orders and replicate previously ordered items. The platform automates approval reminders and calculates tax and freight charges for specific line items in purchase orders (PO) or invoice slips.

Cost Reduction: Precoro helps businesses significantly cut down on unnecessary spending by streamlining procurement processes, ensuring that every dollar spent is accounted for and optimized for the best value.
Time Savings: Automating routine procurement tasks with Precoro frees up valuable time for your team, allowing them to focus on strategic decisions rather than getting bogged down in paperwork and manual processes.
Enhanced Transparency: With centralized tracking of purchases, approvals, and budgets, Precoro offers unparalleled visibility into your procurement operations, making it easier to identify and address inefficiencies.
Improved Compliance: Precoro's built-in controls and audit trails ensure that procurement activities comply with internal policies and external regulations, reducing the risk of financial penalties and reputational damage.
Better Supplier Management: By consolidating supplier information and interactions in one place, Precoro makes it easier to manage relationships, negotiate better terms, and evaluate performance, leading to more strategic partnerships.
Streamlined Approval Processes: Precoro automates the approval workflow, ensuring that purchases are reviewed and approved by the right people in a timely manner, thus speeding up the procurement cycle.
Increased Financial Control: With real-time budget tracking and reporting features, Precoro gives businesses the tools they need to manage their finances more effectively, preventing budget overruns and improving fiscal responsibility.
Scalability: Whether you're a small business looking to grow or a large enterprise seeking efficiency, Precoro's flexible platform scales with your needs, ensuring that your procurement processes evolve in line with your business.
Data-Driven Decisions: Precoro's comprehensive reporting and analytics tools provide actionable insights into your procurement activities, helping you make informed decisions that drive business success.
User-Friendly Interface: Designed with the end-user in mind, Precoro offers an intuitive interface that makes it easy for anyone in your organization to adopt and use, regardless of their technical expertise.
Integration Capabilities: Precoro seamlessly integrates with a wide range of ERP and accounting systems, ensuring that procurement data flows smoothly across your business systems, enhancing operational efficiency.
Mobile Accessibility: With Precoro's mobile app, users can manage procurement tasks on the go, ensuring that business continues uninterrupted, no matter where they are.
Customization Options: Precoro offers a variety of customization options, allowing businesses to tailor the software to their specific procurement processes and requirements, ensuring a perfect fit for their operations.
Exceptional Customer Support: Precoro prides itself on providing top-notch customer support, with a dedicated team ready to assist with any questions or issues, ensuring a smooth and successful implementation and usage.

Procurement: You can generate purchase requisitions and orders and receive real-time tracking information. Electronically send RFQs directly to suppliers and access their up-to-date product catalogs with real-time pricing. Create custom approval workflows to adhere to your purchasing policies. Build custom order guides containing frequently purchased items and use analytics tools to gain insights into your spending patterns.
AP Auto-Matching: The three-way auto-matching feature compares invoices with purchase orders and receiving reports to ensure accuracy and streamline reconciliation. Gain complete visibility of payment status throughout the procure-to-pay cycle. You can ensure international tax compliance with a built-in tax calculator or manually enter invoice details to meet unique business needs.
Invoice Management: Allow suppliers to send PDFs directly and enable the vendors' data-entry team to accurately record invoice details. Manage multiple invoice types, including PO, non-PO and credit memos. The platform can identify exceptions that help minimize delays and frustrations. Additionally, it automatically codes non-PO invoices based on your rules.
Inventory Management: Set strategic inventory automation like implementing a just-in-time approach or hedging against potential supply chain disruptions. Use line-on-the-bottle technology to scan outlet inventory. The real-time variance reporting identifies discrepancies and suggests actions to minimize risks. Maintain accurate valuations using an automated system that updates inventory prices in real time based on received data. The platform automatically decrements outlet stock based on POS sales, ensuring inventory levels always reflect actual demand.
Recipe Management: Gain accurate food cost visibility to make informed decisions about menu offerings and pricing strategies. You can create recipe cards with ingredients, quantities, step-by-step instructions, images and videos to maintain recipe consistency across locations. Identify areas prone to shrinkage by integrating with POS systems and enabling "Recipe to Requisition to Inventory" functionalities. This closed-loop approach provides a holistic view of food usage, helping pinpoint and minimize waste.
Birchstreet Pay: Electronically send supplier payments using a native payment processor with competitive processing rates. The vendor offers a dedicated team to help suppliers transition to virtual cards, offering potential cash-back opportunities.
Operational Insights: Track key performance indicators for purchase orders and invoices and benchmark them against industry averages to identify areas for improvement. You can analyze confirming and late PO rates, non-PO invoice rates, and straight-through invoice processing. View a breakdown of invoices by origin, including IMS, OCR, EDI and manual entry. Monitor EDI invoice error rates to ensure smooth data flow.

Purchase Request: Manage all the requests in a single platform, clear statuses and analyze requests. Also provides e-commerce capabilities with catalogues.
Purchase Orders: Automate the creation of purchase orders, attach files and export POs. Instantly convert requests into orders and leave comments on POs to pass information.
Approval Workflow: Customize based on departments and locations, and receive instant notifications. Approve on a mobile phone and set thresholds and policies for routing.
Budget Management: Create budgets for departments, locations and other custom fields. Automatically set budget limits, manage bulk uploads, control budget in real time with the help of a progress bar and get data-based reports to make informed decisions.
Reporting: Includes standard, visual and customized reports for access to real-time data and filters for more precise reports. Allows exporting to accounting software.
Integration: Get automatic integration and match fields automatically for flat-file integration. Integrate with Xero, NetSuite, QuickBooks and more.
Inventory: Offers warehouse management, stock tracking and stock transferring. Get receipts for goods in the warehouse and manage stock requests and approvals.
Three-Way Match: Match POs to receipts and invoices, track discrepancies, customize additional workflows and exceptions, and manage order revisions.
Supplier Management: Create and manage a suppliers portal and suppliers list. Set up infinite product catalogs, manage contracts, store contacts and receive reports on supplier performance.
User Management: Restrict user access, use two-factor authentication and manage multiple currencies, offices and countries in a single account.

Product Ranking

#36

among all
Procurement Software

#22

among all
Procurement Software

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Analyst Rating Summary

100

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Budget Management

Dashboard and Reporting

Requisitions

Dashboard and Reporting

Platform Capabilities

Platform Security

Requisitions

Purchase Orders Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

BirchStreet

Precoro

+ Add Product + Add Product

100%

88%

12%

30%

70%

10%

20%

100%

78%

22%

89%

11%

40%

60%

80%

20%

57%

43%

57%

43%

67%

33%

100%

70%

30%

80%

20%

75%

25%

92%

73%

27%

38%

62%

77%

15%

92%

67%

33%

67%

33%

70%

30%

50%

69%

31%

54%

15%

31%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

33%

67%

33%

67%

83%

17%

100%

User Sentiment Summary

85%

of users recommend this product

BirchStreet has a 'great' User Satisfaction Rating of 85% when considering 18 user reviews from 3 recognized software review sites.

95%

of users recommend this product

Precoro has a 'excellent' User Satisfaction Rating of 95% when considering 264 user reviews from 5 recognized software review sites.

n/a

5.0 (1)

5.0 (2)

4.6 (43)

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4.8 (164)

n/a

4.8 (55)

4.2 (14)

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4.0 (2)

4.0 (1)

Awards

Synopsis of User Ratings and Reviews

Streamlined Procurement Processes: BirchStreet automates many procurement tasks, such as purchase order creation and invoice processing, which saves time and reduces errors.

Improved Spend Visibility: The platform provides real-time insights into spending patterns, allowing businesses to track expenses and identify cost-saving opportunities.

Enhanced Compliance: BirchStreet helps organizations enforce purchasing policies and ensure compliance with regulatory requirements.

Easy to Use: According to all users mentioning this aspect, the system is very easy to use and requires little training.

Budget Management: Every reviewer referring to this feature observes that the system has helped bring transparency and gain control over their budget.

Customer Support: The service team is always there to answer questions and even help make available features not offered by the software, according to all reviews referring to this aspect.

Approval Workflow: Everyone mentioning this feature says the system has helped them become fast and effective by offering customizable approval workflows.

Purchasing Process: It helps automate, streamline and maintain the purchasing process, according to more than 88% of reviews on this feature.

Reports: It’s easy to access real-time and customized reports, according to 70% of reviewers referencing this feature.

Reporting limitations: Users express frustration with the limitations of the reporting functionality, finding it difficult to extract specific data or customize reports to meet their needs.

System glitches: Users report encountering occasional system glitches or errors that disrupt their workflow and require troubleshooting.

Complex user interface: Some users find the system's interface to be complex and not very user-friendly, requiring extensive training and experience to navigate efficiently.

Purchase Orders: It’s difficult to create and delete open POs and to set repetitive POs, according to more than 55% of users mentioning this feature.

Integration: Integration with SAP, NetSuite, QuickBook and other accounting solutions is difficult, as more than 85% reviews that mention this feature note.

Import: All the reviewers that mention this aspect report that data importing needs improvement, as many things need to be entered manually.

Search Tool: Every user mentioning this aspect finds it difficult to search for POs with items named in it.

Users praise BirchStreet for its user-friendly interface, robust features, and top-notch customer support. One user raved that BirchStreet is "the best procurement software I've ever used," while another shared that it "saved me hours of time each week." BirchStreet's ease of use is a major selling point, allowing users to quickly adapt to the platform and maximize their efficiency. Users also highlight the software's comprehensive functionality, enabling them to manage purchase orders, track shipments, and cultivate strong supplier relationships, all within a single, centralized system. This streamlines operations and reduces the need for multiple, disparate tools. While specific comparisons to competitors are limited in available reviews, BirchStreet's strengths lie in its user-centric design and comprehensive feature set, making it a compelling choice for businesses seeking a powerful yet intuitive procurement solution. BirchStreet seems to be a great fit for businesses of all sizes looking to streamline their procurement processes and boost efficiency. Its intuitive design makes it accessible to users with varying levels of technical expertise, while its powerful features cater to the complex needs of larger organizations. If you're searching for a procurement software that can simplify your operations and save you valuable time, BirchStreet might just be the ticket. However, remember that software is constantly evolving, so it's always a good idea to check the latest reviews and updates before making a decision.

Reviews from the past year for Precoro paint a picture of a platform that streamlines procurement processes, saving businesses valuable time and money. Users consistently highlight Precoro's intuitive interface, making it accessible even for those without a finance background. The platform's robust reporting capabilities, with over 150 data points, empower financial teams to analyze spending patterns and make informed decisions. Integration with popular accounting software like QuickBooks and Xero further enhances Precoro's appeal, automating tasks and reducing manual data entry. While Precoro receives widespread acclaim, some users note occasional system instability requiring restarts. Additionally, managing supplier interactions can be challenging as suppliers lack dedicated accounts within the platform. Despite these drawbacks, Precoro's strengths far outweigh its weaknesses. Its comprehensive feature set, ease of use, and time-saving automation make it a standout choice in the procurement software landscape. Businesses seeking a holistic solution to optimize their procurement processes will find Precoro to be an invaluable asset. From small startups to large enterprises, Precoro's scalability and affordability cater to diverse organizational needs. If you're looking to transform your procurement operations and unlock cost savings, Precoro is undoubtedly worth exploring.

Screenshots

Top Alternatives in Procurement Software

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Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

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FAQ

How can I do a in-depth comparison of BirchStreet and Precoro? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

What are the top-rated propducts for Procurement Software? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Which Procurement Software is rated the highest by users? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Is there a requirement template for Procurement Software? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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