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Procol

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Company health

Employee growth
1% decrease in the last year
Web traffic
13% increase in the last quarter
Financing
September 2022 - $17M

Ratings

G2
4.8/5
(45)
Glassdoor
4.0/5
(88)

Procol description

Procol is a cloud-based procurement software designed to help mid-size and large companies streamline their purchasing process. It offers a suite of tools for managing strategic sourcing, supplier relationships, and spend analysis. Procol aims to simplify and automate procurement tasks, improve compliance, and ultimately help businesses save money by making smarter purchasing decisions. Its user-friendly interface and focus on data security make it a popular choice for procurement teams.


What companies are using Procol?

VIP is using Procol
VIP
Equippo is using Procol
Equippo
NOoN is using Procol
NOoN
RELIANCE is using Procol
RELIANCE
Havells UK is using Procol
Havells UK
AM/NS Calvert is using Procol
AM/NS Calvert
Emami Ltd is using Procol
Emami Ltd
Zapier is used by VIP, Equippo, NOoN, RELIANCE, Havells UK, AM/NS Calvert, Emami Ltd.

Who is Procol best for

Procol is a cloud-based procurement software best suited for mid-size and large companies. It offers tools for managing strategic sourcing, supplier relationships, and spend analysis. Users praise Procol for its user-friendly interface, excellent customer support, and cost optimization through the auction module. However, some users mention difficulties with navigation, search functionality, and limited vendor addition capabilities.

  • Best fit for large enterprises (more than 200 employees).

  • Suitable for businesses across various industries.


Procol features

Type in the name of the feature or in your own words tell us what you need
Supported

Procol supports storing, managing, and tracking key dates and milestones of supplier contracts.

Supported

Procol streamlines supplier onboarding, automating key tasks and integrating with existing systems.

Supported

Procol supports eAuction management for procurement.

Supported

Procol offers real-time spend tracking and budget monitoring via dashboards and reports.

Supported

Procol automates sourcing, supplier performance tracking, purchase orders, and likely contract and inventory management.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Value and Pricing Transparency

Strongly positive
+1

Customer Service

Rather positive
+0.6

Ease of Use

Strongly positive
+1

Reliability and Performance

Rather positive
+0.67

Procol reviews

We've summarised 45 Procol reviews (Procol G2 reviews) and summarised the main points below.

Pros of Procol
  • User-friendly interface
  • Excellent customer support
  • Cost optimization through the auction module
  • Bidding transparency
  • Easy negotiation with vendors
  • Time-saving automation of procurement processes
  • Centralized RFQ and bidding process
  • Real-time vendor communication and chat
  • Mobile app bidding functionality
  • Comprehensive data summary for management
Cons of Procol
  • Difficult navigation between events
  • Search function (Control + K) not useful
  • Limited vendor addition capabilities
  • No option to download Excel sheets for suppliers with multiple items
  • Technical evaluation features need enhancements
  • Reports and dashboards are not easily accessible
  • Implementation of additional modules needed
  • Customization required to meet specific procurement scenarios
  • Lack of multi-language support
  • UI/portal appearance needs improvement

Procol pricing

The commentary is based on 18 reviews from Procol G2 reviews.

Procol helps achieve cost savings through transparent competitive bidding and e-auctions. While some users desire additional features, many praise the platform's user-friendliness and efficient negotiation tools, leading to a positive return on investment. No pricing information is available in the reviews.

Users sentiment

Strongly positive
+1

See the Procol pricing page.


Procol alternatives

  • Logo of Airbase
    Airbase
    Better for spend management and AP automation. More suitable for finance teams in e-commerce, media, marketing, and professional services. Has more momentum regarding website traffic growth.
    Read more
  • Logo of Mercanis
    Mercanis
    Better for managing sourcing of professional services. Has fewer features and integrations. Is growing faster.
    Read more
  • Logo of Xero
    Xero
    Better for basic accounting and financial reporting. More suitable for small to medium businesses. Primarily focused on financial management.
    Read more
  • Logo of Payhawk
    Payhawk
    Better for expense tracking, company cards, and bill payments. More suitable for industries like Healthcare, Finance, E-commerce, and others. Higher ratings on G2, Capterra, and Trustpilot. Users love its ease of use and customizability. However, some users mention limited USD functionality and ERP integration issues.
    Read more
  • Logo of SAP Concur
    SAP Concur
    Better for travel and expense management. Broader industry applicability. Has more momentum in terms of website traffic growth.
    Read more
  • Logo of Oracle Procurement Cloud
    Oracle Procurement Cloud
    Has broader ERP integration capabilities and is growing faster. It also has more user reviews, although the average rating is slightly lower. Some users find certain features overly complex. An Oracle Procurement Cloud alternative, or competitor, would be a good fit for those needing tighter ERP integration.
    Read more

Procol FAQ

  • What is Procol and what does Procol do?

    Procol is cloud-based procurement software that streamlines purchasing for mid-size and large companies. It offers tools for strategic sourcing, supplier relationship management, and spend analysis, automating tasks and improving compliance to save businesses money. A user-friendly interface and focus on data security make it a popular choice.

  • How does Procol integrate with other tools?

    Procol streamlines supplier onboarding, automates key tasks, and integrates with existing systems. It supports eAuction management, real-time spend tracking, procurement automation of sourcing, supplier performance tracking, purchase orders, and likely contract and inventory management.

  • What the main competitors of Procol?

    Top alternatives to Procol include Mercanis, Precoro, and Coupa. Mercanis focuses on transparency and automation, while Precoro simplifies purchasing and integrates with accounting software. Coupa offers comprehensive spend management, uniting sourcing, purchasing, and invoicing.

  • Is Procol legit?

    Yes, Procol is a legitimate cloud-based procurement software. User reviews praise its user-friendly interface, excellent customer support, and cost optimization features. However, some users mention navigation difficulties and limited vendor addition capabilities. For more info, visit G2 and Glassdoor.

  • How much does Procol cost?

    I cannot find pricing information for Procol. Contact Procol directly to obtain current product pricing details. Is Procol worth it? More product details are needed to determine that.

  • Is Procol customer service good?

    Customers praise Procol's helpful and responsive customer support team, highlighting their prompt solutions and efficient service. Users appreciate the proactive assistance and readily available support for their auction requirements and other procurement needs. Some users mention a need for more immediate support at times.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.