Side by side
Folio vs Precoro
Both stand on procure-to-pay software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Paid Web
Folio brings several purchasing and finance workflows into one platform built for hospitality. Teams considering it should account for the request-based pricing and the stated support channels and hours.
Visit Folio
Paid AndroidAPIiPhone+1
Precoro covers purchasing workflows from requests through invoices, with supplier tools and finance-system connections. Core and AP Module each cost $499 a month billed annually, and mobile users should note that the app has fewer functions than the web version.
Visit PrecoroThe facts
| Folio | Precoro | |
|---|---|---|
| Free plan | Not published | No |
| Open source | Not published | Not published |
| Runs on | Web | Android, API, iPhone, Web |
| Lowest paid plan | Free or on request | AP Module: $499 a month |
| Plans published | 1 | 4 |
| Maker | Not published | Not published |
| Website | folio.co | precoro.com |
| On procure-to-pay software | #12 of 24 | #8 of 24 |
Folio: what it does well
- Central catalog, vendor comparisons, budgets, and approval workflows.
- AI invoice transcription and matching to purchase orders and receipts.
- Supplier payments can earn rebates on eligible transactions.
- Inventory counts and values can sync with an ERP.
- Integrates accounting data for suppliers, invoices, and payments.
What to know first
- Pricing is available only on request.
- Phone support is not supported.
- Most responsive support hours are weekdays, 9 a.m. to 6 p.m. Eastern.
Precoro: what it does well
- Supports requests, orders, receipts, invoices, and approvals.
- Includes two-way and three-way matching.
- Mobile app supports approvals and order tracking.
- Lists integrations including QuickBooks Online and NetSuite.
- Plans include standard onboarding.
What to know first
- No free plan is listed.
- Core and AP Module cost $499 a month billed annually.
- Mobile app lacks some web functionality.
- Implementation typically takes 2–8 weeks.
Alternatives to Folio Alternatives to Precoro The whole list