Folio vs Precoro
Folio
folio.co
Precoro
precoro.comSide by side
| Figure | Folio | Precoro |
|---|---|---|
| Price from | — | $499/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 1 | 4 |
| Spec score · Procure-to-Pay Software | 7.3 (#13) | 7.6 (#9) |
| Audience | Folio says its platform is built for hospitality and describes its customers as hotels, including large enterprises and luxury independent hotels. | Precoro describes Core as suited to small teams with essential procurement needs and Automation as suited to growing teams ready to automate processes. |
| Integrations | Folio integrates with accounting systems to sync suppliers, invoices, and payments; its announced partnership with M3 includes an enhanced integration for hotel finance teams. | Listed integrations include QuickBooks Online, Xero, Slack, NetSuite, Power BI, and BILL. |
| Product | Folio is a procure-to-pay platform for hospitality teams to order, manage bills, and pay suppliers in one place. | Precoro is a procurement platform for centralizing purchasing workflows and connecting procurement with finance systems. |
| Support | Folio support is available through in-app messages, email, and text; its most responsive hours are Monday to Friday, 9 a.m. to 6 p.m. Eastern, and phone calls are not supported. | Precoro says each client is assigned a dedicated customer success manager. |
Plans
Precoro
- AP Module$499 a month
- Core$499 a month
- Automation$999 a month
- EnterprisePriced on request
In their own words
Precoro
Precoro is a procurement platform that brings purchasing workflows together and connects them with finance systems. It handles purchase requests, purchase orders, receipts, invoices, and automated approvals, with two-way and three-way matching. Teams can manage suppliers, use a supplier portal, and guide request intake. Listed integrations include QuickBooks Online, Xero, Slack, NetSuite, Power BI, and BILL; an API and SFTP connector can connect internal systems and other tools. The iOS and Android app supports requests, approvals, order tracking, and purchase order dispatch, though it does not yet include every function in the web version. Precoro states that it supports multi-factor authentication and SSO and complies with SOC 2 Type II, GDPR, UK GDPR, CCPA, and HIPAA. Each plan includes standard onboarding; implementation is typically described as taking 2–8 weeks. Core and AP Module each cost $499 a month billed annually; Automation costs $999 a month billed annually. There is no free plan.