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The Top Alternatives to Procurify


Looking to automate your procurement process, but not sure which system works best? In this article, we examine Procurify and top alternatives, including Coupa, Precoro, Procurement Express and Tipalti. Already decided?

What is Procurify?

Procurify is one of the leading procurement software and purchasing platforms on the market. It allows teams to easily track, manage, and analyze spend so they can scale faster. The cloud-based procurement solution helps an organization centralize all purchasing data while empowering team members to do their own buying.

Other Alternatives & Competitors to Procurify

Coupa

Coupa is a cloud-based spend management platform that helps a business streamline the procurement process and control spending. The software platform provides a suite of apps that you can use to manage expenses, suppliers, and invoices in a single solution.

Coupa is purchasing software designed to improve compliance, reduce costs, and increase efficiency. The platform offers a flexible API that integrates with ERP systems and accounting platforms, making it easier for companies to manage spend data. 

The brand also offers a comprehensive marketplace where users can connect with top suppliers and access a wide range of goods and services.

Top Features

  • Spend analysis provides organizations with visibility into spend data, identifying areas to reduce costs and improve efficiency
  • Procure-to-pay to automate and streamline the procurement process with automated PO creation, contract management, and more.
  • Automated invoicing enables businesses to mechanize their invoice processing and payment workflows

Serviceable Market

Coupa can be on the expensive side, so the solution works best for larger businesses with a big budget. However, it can be used in a variety of industries, including manufacturing, retail, healthcare, and technology.

Strengths

  • The user-friendly interface is intuitive and customizable, making navigation, training, and onboarding that much easier.
  • Integrates with a wide range of ERP systems and accounting software, enabling businesses to streamline operations and improve data accuracy and visibility.

Pricing

The cost to use the web-based platform is not publicly available, as the system is highly customized based on the specific needs and requirements of each customer. 

Coupa uses a subscription-based SaaS pricing model, where customers pay a monthly or annual fee based on the number of users and features.

Precoro

Precoro is procurement software that was created to help companies streamline procurement and the entire purchasing process. The software offers a range of features to automate procurement workflows, gain visibility into spending, manage suppliers, track invoices, and much more.

It also includes tools for spend analysis and budget monitoring, allowing companies to gain greater insight into spend patterns.

One of the key advantages of Precoro is the ability to integrate with other business systems, like ERP and accounting software. This allows a company to centralize its financial data and streamline procurement. Precoro offers an intuitive, user-friendly design that is scalable, customizable, and suitable for a business of any size.

Top Features

  • Purchase order management enables users to create, track, and manage POs in a universal spot.
  • Supplier management, where users can create and maintain a shared database, track performance, and communicate more effectively.
  • Spend analysis provides companies with the visibility to recognize patterns and identify areas to improve efficiency.

Serviceable Market

Precoro is useful for a wide range of companies that need to manage their procurement and spend. It’s designed to meet the needs of companies of all sizes, from startups to large enterprises. It is particularly well-suited for brands that have a complex purchasing process or are experiencing rapid growth.

Strengths

  • Highly customizable, allowing companies to configure the platform to meet specific needs, workflows, and processes.
  • Intuitive and user-friendly interface that makes it easy for teams to navigate and perform tasks.

Pricing

Precoro uses a subscription-based pricing model, with the cost depending on the number of users and modules needed. Precoro offers four different pricing plans: Starter, Growth, Enterprise, and Custom.

  • Starter: Designed for small businesses, it includes purchase order creation, approvals, and supplier management. The price starts at $35 per user per month, and is billed annually.
  • Growth: Includes additional features like inventory management, contract management, and spend analytics. The cost starts at $49 per user per month, and is billed annually.
  • Enterprise: Designed for larger organizations, it includes custom workflows, multiple currencies, and ERP integrations. The price starts at $99 per user per month, and is billed annually.
  • Custom: Tailored to meet the specific needs of businesses. The sales team works with customers to create a custom plan that includes the desired features and modules.

Procurement Express

Procurement Express is a cloud-based, PO management software that helps a company streamline the procurement process and automate purchasing workflows. It is designed to track spending and helps the accounts payable team gain visibility into the entire procurement process, including approval workflows.

Procurement Express offers a user-friendly, intuitive solution that’s easy to install, and integrates with ERPs like QuickBooks and Xero. The system can be accessed from any device with an internet connection and provides real-time visibility into spending patterns.

Top Features

  • Budget tracking in real-time enables users to actively monitor spend against budgets and identify potential cost-savings.
  • Mobile accessibility from any smartphone or tablet, making it easier for teams to manage the procurement process on the go.
  • Purchase order management allows companies to create, manage, and approve POs online, automating the entire process.

Serviceable Market

Procurement Express works best for small and medium-sized companies that need a user-friendly and intuitive platform for managing the procurement process.

The solution is suitable for a variety of industries, from manufacturing to education, hospitality, and healthcare. It works best for businesses that need to automate their procurement workflows, track spending, and gain visibility.

Strengths

  • Streamlined approval process enabling users to quickly and easily approve POs, reducing the time and effort required to manage procurement.
  • Integration with popular accounting platforms to streamline operations, reduce errors, and ensure accuracy.

Pricing

Procurement Express has three pricing plans:

  • Starter: $25/month for up to 5 users and 25 purchase orders with email support.
  • Business: $75/month for up to 10 users and 250 purchase orders with priority support.
  • Enterprise: Custom pricing for 10+ users and 250+ purchase orders.

All plans include real-time budget tracking, unlimited suppliers, and ERP integrations. 

Tipalti 

Tipalti offers a top-tier SaaS experience for procurement teams to overcome even the toughest of purchasing challenges. The all-in-one cloud-based Procurify alternative features fully functional, multi-tiered e-procurement software that allows a business to streamline the PO process and gain greater control over spending.

The procure-to-pay solution allows a business to simplify and customize purchase requisitions while reducing financial and compliance risks. Collect RFPs and purchase requests, manage approvals, and monitor spending in a single spot.

Capture spend from the very beginning with simple, predefined custom forms that employees can use to submit purchase requests. You can also streamline the buying experience with an Amazon punchout integration.

Tipalti centralizes control over the entire procurement process and ensures you collect all critical data upfront, including employee need, amount, budget item, and vendor and billing data. When it comes to Tipalti vs Procurify and other leading brands, these features are one of the main reasons Tipalti stays on top.

Top Features

  • Eliminate unapproved spend and bring more purchasing under management.
  • Get rid of rouge spend by enabling employees to buy items on Amazon Business as part of the purchasing process
  • Void vendor duplicates and ensure compliance with a predefined onboarding and approval flow.

Serviceable Market

Tipalti is a solution designed to fit all company sizes and industries. The user-friendly platform can service everything from startups and small companies to enterprise corporations.

Strengths

  • Integrated PO and payables solution, helping streamline company purchases, improve spend controls, and reduce AP processing time.  
  • Friendly requisitions improve adoption & spend under compliance, and a Slack integration helps to accelerate approvals 

Pricing

Tipalti procurement is priced per user seat, which allows for organizations to conduct partial PO process rollouts; for example, in one geography, one department, etc., as some upper-mid market organizations do not want a fully decentralized procurement process. 

How do you implement a technology-empowered procurement process?

It starts with simple automation.

Watch the “Best Practices for Implementing a Technology-Empowered Procurement Process” webinar to learn more.

Procurify vs Tipalti

What Does Tipalti Do?

Tipalti provides procurement automation software that integrates all phases of your AP and payment management system into a single cloud-based platform. The system enables finance and procurement teams to gain total control and visibility over their purchasing. The flexible solution allows a business to modernize purchasing operations, streamline the PO process, and establish a robust procurement strategy.

Tipalti integrates with any ERP and accounting system, including many popular brands, like:

  • Oracle NetSuite
  • Sage Intacct and Sage ERPs
  • QuickBooks
  • Microsoft Dynamic ERPs
  • Xero

What Does Procurify Do?

Procurify is a cloud-based procurement solution that helps organizations monitor, control, and manage spend. Companies can centralize all purchasing data while allowing team members to do their own purchasing.

The system offers a variety of features, from customizable approvals to real-time budgets, spending cards, purchasing workflows, vendor/catalog insights, and a mobile app. It makes the real difference between simple purchasing vs procurement.

Features of Tipalti vs. Procurify

While both Tipalti and Procurify help companies automate the entire procurement process, each system is designed with different features and solutions to meet varying business needs. Here’s a look at some of the differences between both spend management software programs.

TipaltiProcurify
*Limited functionality 
Procure-to-Pay
End-to-end from requisition to PO creation, to payment and reconciliation
Limited invoice processing and payment capabilities
PO Creation
Streamlined workflow to automatically generate PO after purchase request is approved; allow custom fields
Comparable
Contract Repository
Attach vendor contract to the vendor profile; set automated reminders for early renewals and negotiation opportunities
No contract repository support
Budget Control
Visibility into the budget status when approving purchase requests. Automated sync of Actual budget status from NetSuite
Comparable in most features except for the Actual budget sync from NetSuite
Invoice Management
Machine learning based header- and line-level OCR. Managed Services. 2- & 3-way PO matching, Invoice approvals, and actioning via email
OCR header-level only, no managed services, no machine learning.
Global Payments
Pay to 196 countries in 120 currencies, 50 payment methods, Money Transmitter Licenses
Limited payment methods: only available via cards and domestic ACH
Multi-Entity
Manage multiple entities with different processes and workflows, gain consolidated view. Instant reconciliation across methods, entities, geos, currencies, and payable workflows
Multi-instance. No branding, payment options, tax workflows, payment routing, approvers, etc. for each entity
Supplier Management
Client-branded onboarding portal. 26K+ rules validate payments and reduce errors, screen against OFAC/SDN lists
No self-service supplier onboarding, no payment rules validations, no vendor portal
Integrations
API-based integrations with major ERP and accounting systems. no-code, Slack
Comparable, gaps in NetSuite integration
Tax compliance
KPMG approved tax engine – collect and validate IRS, VAT tax IDs, W-9, W-8BEN, VAT Details, 1099 & 1042-S reports, and calculate withholdings. Validates against 3,000+ rules
No Tax capability

Knowing Which Solution is Best for Your Business

From sourcing to procurement, selecting which solution works best for your business is an important choice. This is especially the case if your business is trying to grow and scale quickly. So how do you know when to choose which platform? Here are a few ideas:

When to Choose Tipalti?

You are running a hyper-growth business that is scaling domestically or expanding internationally.

You wish to streamline vendor onboarding and management.

You use Amazon for Business.

When to Choose Procurify?

You are a small business.

You need in-depth catalog management.

You do not need a solution for supplier payments.

What Customers Are Saying

With Tipalti, we successfully optimized the way we were handling procurement.

 Yehuda Metzger | Procurement, Taboola

The best practice is to have a purchase order first–the requisition needs to be approved before we receive the invoice. After we have a valid PO, we wait for the supplier to send us the invoice, and then we can match it to the PO and then make the payment. Tipalti has automated the entire process for us.

 Henry Zhuang | Accounting Manager, Jumio

It was important to onboard our many users to a new process quickly, and after seeing Tipalti Procurement’s capabilities we knew it was the best solution for us. We wanted a global, unified process that could remain flexible and overcome the challenges that come from having different subsidiaries and locations.

 Tom Gamlielle-Druyan | VP Global Supply Management, Cybereason

Summing it Up

The revolution for procurement management is here, and new tools are being developed every day to digitize and modernize purchasing processes. 

This article covers just the tip of the iceberg on what’s out there. If you’re looking for more information on how to automate your buying, check out our ultimate guide to procurement management. If you’re ready to save time and money right now, get started with Tipalti today.

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