Procurement

4/5 features

Purchase Requisitions, Orders & Receiving

Acquire realtime tracking of purchase transactions and budget analysis.
Request for Quotes (RFQs)

Electronically create and send RFQs to suppliers.
Supplier Catalogues

Suppliers maintain product catalogs with realtime pricing.
Checkbook Drilldown

Get instantaneous purchase transaction tracking and budget analysis.
Supplier Management

Onboard and keep track of suppliers.
Approvals

Create the approval processes that’s right for your business.
Custom Order Guides

Easily compile lists of frequently ordered items and products.
Analytics/Data Warehouse

Quickly access the analytics you need.
e-Invoicing

Utilize Invoice Feed Correction Feature/Verify Invoice Details.
Supplier Network/Marketplace

Marketplace of suppliers to source from.

Invoice Management

4/5 features

Auto-matching

Automatically compare receipts accurately based on custom rules.
Electronic Invoicing

Convert invoices to an electronic format to eliminate data entry.
AP Payments

Complete visibility of payment status throughout the P2P cycle.
AP Back-Office Accounting Interface

Integrate directly with your hotel's ERP/accounting system to reduce manual data entry and eliminate human error.
Tax Collection

Enables tax calculator for international compliance with local tax laws.
e-Signatures

Get signatures quickly to accelerate processing and increase visibility.
Self Service Portal

Online portal for users or suppliers to view invoice or payment status.
Flexible Invoice Entry

Accommodates needs as they come up, including manual entry.
e-Invoicing

Utilize Invoice Feed Correction Feature/Verify Invoice Details.

Inventory Management

4/5 features

Receive Invoices

Single communication mode: Common E-Mail ID.
Support for Multiple Document Types

Offers PO Invoice, non-PO Invoice, and Credit Memo.
Exception Handling

Receive user raised exception and system generated exception.
e-Invoicing

Utilize Invoice Feed Correction Feature/Verify Invoice Details.
Quality Check Processes

Conduct systematic process for quality check.

Recipe Management

4/5 features

e-Invoicing

Utilize Invoice Feed Correction Feature/Verify Invoice Details.
Scanning Hardware Support

Use portable scanners with TWIN (software) and ISIS (Integrated Set of Information System).
Support for Multiple Document Types

Offers PO Invoice, non-PO Invoice, and Credit Memo.
Exception Handling

Receive user raised exception and system generated exception.
Quality Check Processes

Conduct systematic process for quality check.

Sourcing & Contracts

4/5 features

e-Invoicing

Utilize Invoice Feed Correction Feature/Verify Invoice Details.
Corporate Level RFQ Review

Utilize web-based Corporate and Property-level RFQ review and selection.
Benchmarking Services

Receive F&B, FF&E, OS&E industry taxonomy, categorization and other services.
Itemized, Property Level BOQs

Generate BOQs from awarded items for best value agreements.
Supplier Management

Onboard and keep track of suppliers.
Supplier Catalogues

Suppliers maintain product catalogs with realtime pricing.
Supplier Network/Marketplace

Marketplace of suppliers to source from.

Other

0/7 features

Supplier Management

Keeps track of all suppliers, their contact details, and their product offerings.
Purchase Orders

Automates the creation, approval, and tracking of purchase orders.
Inventory Management

Monitors inventory levels to ensure that supplies are ordered as needed.
Budgeting and Cost Control

Helps in managing budgets and controlling costs by tracking spending and comparing it to budgeted amounts.
Approval Workflows

Provides customizable approval workflows to ensure that all purchases are authorized by the appropriate personnel.
Reporting and Analytics

Generates reports and analytics to provide insights into purchasing patterns, supplier performance, and cost savings.
Integration

Integrates with other hotel management systems such as property management systems (PMS) and accounting software for seamless operations.

Looking for specific info?

The right solution for Next-Gen Hotel Operations

Chief Executive Officer from 200 to 499 room Bed & Breakfast & Inn in Gurnee (United States)

Verified

2 years ago

Reeco’s use of cutting edge AI is nothing short of revolutionary. It’s amazing to see how smart technology can streamline operations and bring such clarity and precision to the industry.

United States

Chief Executive Officer

Large Hotel

Share review

Attentive service

Hotel General Manager from 75-99 room Bed & Breakfast & Inn in Cincinnati (United States)

Ease of applying invoices and data collection is awesome. My customer experience manager is Loreli and she reaches out often to ensure I am satisfied with their service.

Hotel General Manager

Mid-Sized Hotel

Reeco

Executive Chef from 100 to 199 room Bed & Breakfast & Inn in Key Largo (Florida Keys)

The customer service and flexibility to adapt to ever changing industry. I love the inventory feature.

Florida Keys

Executive Chef

What a time saver!!

Regional Director of Operations from 75-99 room Bed & Breakfast & Inn in St. Augustine (United States)

Reeco's software is easy to use and tremendously efficient. It's AI learning system has allowed my GMs to be more efficient with their accounts payable and has saved them on average 7 hours a month!

Regional Director of Operations

Incredible!

VP of F&B from 500+ room Branded Hotel in State College (United States)

Products Reviewed

Procurement Software

What do you like most?

Reeco has completely changed the way we handle procurement. Instead of juggling multiple systems and vendors, now it’s all streamlined in one platform. Placing orders, managing recipes, and tracking inventory is faster and easier than ever! The platform’s user-friendly interface has made it accessible for everyone on our team, eliminating the steep learning curve that often comes with new software. The real-time inventory tracking has significantly reduced overstocking and understocking issues, saving us both time and money. With Reeco’s comprehensive analytics, we can now monitor our purchasing trends and make data-driven decisions to optimize our supply chain. One of the most beneficial features is the centralized vendor management system. Communicating with suppliers, negotiating prices, and tracking orders are all done within Reeco, simplifying what used to be a complicated process. The recipe management tool has also been a game-changer, ensuring consistency in our products and reducing waste. Customer support has been exceptional. The Reeco team is always available to assist with any queries, making the transition to their platform smooth and hassle-free. The integration with our existing systems was seamless, requiring minimal downtime. Overall, Reeco has not only streamlined our procurement process but also enhanced our operational efficiency. It’s an invaluable asset to our business, and we highly recommend it to others looking to improve their procurement operations.

What do you dislike or think could be improved?

While the system is not perfect, very little comes to mind for improvement due to Reeco’s outstanding responsiveness to feedback. However, one area where Reeco could enhance its offering is by expanding customization options within the platform. Allowing users to tailor the dashboard and reports to their specific needs would provide even greater flexibility. Another potential improvement is the addition of more advanced forecasting features. By incorporating predictive analytics, Reeco could help businesses anticipate future inventory needs based on historical data and market trends. This would enable even more efficient procurement planning and resource allocation. Lastly, integrating more third-party applications could further streamline operations for businesses that rely on multiple tools. Enhancing compatibility with other software systems would make Reeco an even more indispensable part of our workflow. Overall, Reeco has not only streamlined our procurement process but also enhanced our operational efficiency. It’s an invaluable asset to our business, and we highly recommend it to others looking to improve their procurement operations.

VP of F&B

X-Large Hotel

Reeco continues to innovate & impress

SVP Accounting from 200 to 499 room Airport/Conference Hotel in Atlanta (United States)

Our old a/p process was eating up valuable time that could be better spent with our customers and associates. The Reeco AI solution enabled us to reduce our input time by at least 80% as well standardize our coding across the portfolio.

SVP Accounting

Reeco, next level tech for hotels that want next level results!

Chief Development Officer from 500+ room Branded Hotel in Williamsburg (United States)

Reeco has simplified our day-to-day operations in ways I didn’t think were possible. From procurement to inventory and even recipe management, the platform is a one-stop shop for everything we need. !If you have not tried out Reeco yet, you hat are you waiting for? 🙌 AI driven tech to help improve your back of house efficiency, save labor c...

Chief Development Officer

Incredible solution

Director of Operations from 100 to 199 room Bed & Breakfast & Inn in Doral (United States)

Easy to start, easy to use, amazing service! They just make everything so smooth. I have tested so many software in this space and not one delivered, but with Reeco it actually works! From purchasing to receiving, inventory management, all in one place. You can tell they really care about what their users need.

Director of Operations

Reeco is absolutely amazing!

from 100 to 199 room Bed & Breakfast & Inn in Nashville (United States)

I can't imagine going back! Accounts payable (AP) has transformed from a chore into a breeze for me. When you really consider it, the time commitment for processing each individual invoice can accumulate to 4 or 5 minutes. If you’re handling 50, 60, or even 250 invoices monthly, that adds up to around 20-30 hours spent solely on coding invo...

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Reeco

Reeco Rankings

Reeco Procurement Software Rankings

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What you'll get

What is Reeco?

Purchase Requisitions, Orders & Receiving

Request for Quotes (RFQs)

Supplier Catalogues

Checkbook Drilldown

Supplier Management

Approvals

Custom Order Guides

Analytics/Data Warehouse

e-Invoicing

Supplier Network/Marketplace

Auto-matching

Electronic Invoicing

AP Payments

AP Back-Office Accounting Interface

Tax Collection

e-Signatures

Self Service Portal

Flexible Invoice Entry

e-Invoicing

Receive Invoices

Support for Multiple Document Types

Exception Handling

e-Invoicing

Quality Check Processes

e-Invoicing

Scanning Hardware Support

Support for Multiple Document Types

Exception Handling

Quality Check Processes

e-Invoicing

Corporate Level RFQ Review

Benchmarking Services

Itemized, Property Level BOQs

Supplier Management

Supplier Catalogues

Supplier Network/Marketplace

Supplier Management

Purchase Orders

Inventory Management

Budgeting and Cost Control

Approval Workflows

Reporting and Analytics

Integration

Reeco Reviews Summary

Reeco Pricing

Reeco Reviews

Reeco Integrations

Support

Unverified

Support Not Verified

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