Control purchases, conserve funds
Automate your procurement process and save from 10% on everyday expenses. Transition from disorganized orders to complete procurement and spending control with Precoro, a one-stop system for purchases, budgets, vendor catalogs, and spend data.
Trusted by 1000+ companies worldwide
experience enhanced visibility into all procurement operations
hours saved on manual PO management every year
users feel their data is secure with Precoro
Everything you need to improve your P2P process
No more spreadsheets, paperwork, or human errors. It’s smooth sailing from here on out.
Create purchase orders in minutes
Quickly create purchase orders from scratch with easy-to-use templates and drop-down menus or convert approved purchase requisitions into POs. With Precoro, you can efficiently group similar orders from different departments and create one PO from multiple requisitions.
Pay only for verified invoices
Generate receipts in the system to finalize your order and use 3-way matching to cross-reference related purchase orders, invoices, and receipts. This process helps users spot discrepancies between documents and prevent payments for fraudulent or duplicate invoices.
Prevent out-of-control overspending
Both requesters and approvers can see whether the order is within the budget. Moreover, budget holders can eliminate any possibility of overspending by setting system rules to reject purchase orders exceeding the budget.
Quickly locate documents
Easily find the needed procurement documents in the system by filtering them based on type, status, department, location, purchaser, supplier, and more. Additionally, when a user opens a document, such as a purchase order, it links to the associated invoice and receipt.
Keep all invoices in one place
Create invoices from scratch, generate them from purchase orders, or convert paper invoices into digital format and let our OCR technology extract key data. Users can even create recurring invoices for regular payments to save time on data entry.
Handle expense reimbursements
Let employees request reimbursements and approve them in the procure-to-pay solution to make accounting operations more convenient and transparent. Monitor your company’s spending effectively with all employee expense reports stored in one system.
Communicate with stakeholders
Discuss purchases and expenses with your colleagues or vendors directly in the procure-to-pay software. Leave individual notes and comments while creating or approving documents and ensure transparent communication regarding new purchases and expenses.
Recognized by industry leaders
Capabilities that push your teams forward
Our goal is to give stakeholders full visibility into procurement documents, budgets, vendors, expenses, and inventory levels, while also equipping them with the tools needed for a smooth workflow. Curious how we do that?
One digital space for requisitions, purchase orders, invoices, and more
Designed to keep track of all your team's purchase orders, invoices, and payments in one collaborative space, Precoro will help you receive your orders in time and keep perfect track of all purchasing activity.
Go to product overview
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Requests <-> Purchase Order <-> Receipt <-> Invoice … all matched in real-time.
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All order data in one place: delivery, full item info, payment, supplier details, etc.
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Separate internal attachments for the team and external ones for suppliers.
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Options to make a PO recurring, blanket, auto-send to the supplier, or revise it post-approval.
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Real-time order tracking from draft through the approval process and to payment.
Approve 2.5x faster
Never postpone an order or miss out on a supplier discount due to delayed approval. Automatically route documents to the right decision-maker based on any condition.
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Approvals by locations, departments, projects, custom fields.
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PO revision, rejection, and resubmission for re-approval.
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Revision history for compliant audit.
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Thresholds and policies for a precise routing.
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Mobile on-the-go approvals.
The whole spending activities at your fingertips
Break free from the headache of going over budget, unmatched records, or broken audit trails. Set up your custom budgeting system with approvals, thresholds, and reports of choice. Based on this data, make informed decisions, optimize budget planning, and save up to 7% on annual business spending.
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Real-time budget tracking boasting a dashboard with progress bars and pie charts
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Budgeting for projects, locations, departments, custom fields, and custom periods
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Setting budget limits, calculation of total, available, reserved and used amounts
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Three report types: visual charts, standard XLSX reports, and custom ones
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Custom report builder with 150+ data points for data-driven decisions
Make all your tools working as one
Precoro integrates with your favorite business solutions. Let your teams seamlessly exchange data and see important updates across tools. We offer various integrations at different levels to make procurement a breeze. Our integrations are best-in-class, and thanks to our unlimited custom fields, you can sync any field, including bills.
Discover all integrations
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2-way data exchange with QuickBooks Online, Xero, and NetSuite.
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Purchase from your trusted vendors through PunchOuts catalogs.
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Approve documents directly from your Slack workspace.
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Integrate Precoro with your SSO provider for secure credential management.
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Easily build any custom connection via API.
Accounts payable automation
Transform your invoice processing to eliminate duplicate payments, fraud, and discrepancies. Easily reconcile financial records without wasting time compiling invoices from different sources or procurement-related data from multiple spreadsheets.
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Accelerate your invoice processing with OCR and receive automatically pre-filled invoices.
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Ensure there are no discrepancies between the ordered and received goods using 2- and 3-way matching.
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Simplify invoice submission and streamline communication between suppliers and the finance team with our Supplier Portal.
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Take advantage of accounting and procurement tool integrations to eliminate manual data transfers and avoid human errors that can lead to payment inaccuracies.
Have a complete view of every vendor
Reduce risks by running a comprehensive RFP process and quicker supplier onboarding. Monitor the most profitable offers using an item catalog and never miss the best deals.
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Supplier Database with an unlimited number of records.
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Suppliers Portal allows vendors to collaborate with buyers directly in the system.
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Specifying payment terms like pre- and post-payment percentage, credit periods, etc.
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Unlimited item catalog featuring item bundles, categories, and unit management.
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Contract repository with expiration notifications.
Inventory control
Centralize information about your supplies, equipment, and services and ensure you never experience shortages or buy excess reserves. Predict and control your supply distribution across multiple locations and departments.
Explore Precoro
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Adding, updating, and tracking your stock balance
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Selecting items directly from company stock to eliminate redundant purchases
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Minimum stock levels, stock valuation, and inventory consumption features
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Ability to transfer items in stock between different storage locations
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PO creation from unfulfilled warehouse request
Reasons our customers love Precoro and you will too 💙
The team you can rely on for years
From onboarding to continuous use of Precoro. No chatbots, no long waits for calls, no extra costs. 96% of questions are answered within 2 hours. We aim to be your last stop in the search for a procurement solution.
High acceptance rate
Due to its intuitive design and ease of use, Precoro can be mastered in minutes. A short learning curve allows companies to benefit from procurement automation shortly after implementation.
Scalable and adjustable
Renewable startups can start with basic functionality and then enable modules as they scale their operations. Precoro is designed to be a long-term partner, not a temporary solution.
Quick time to value
Get Precoro up and running in 2 to 8 weeks. Boost operational efficiency and achieve cost savings within the first few months of usage, and let Precoro bring value to your company.
