3 min read
From Data to Decisions in Minutes: AI-Powered Procurement Assistant
Use Precoro's AI Assistant to quickly analyze all your procurement data in one place. Just type what’s on your mind—whether it’s spend trends, supplier reliability, or process bottlenecks—and our AI-powered procurement chatbot delivers clear insights in seconds.
Procurement generates mountains of data every day: invoices, POs, budgets, and more. Yet for most teams, turning that data into insights is painfully manual.
According to the Hackett Group, digital world-class organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence.
With Precoro’s AI Assistant, you don’t need to wait to join them. Your built-in procurement chatbot is already here to convert complex data into quick and practical insights.
Keep reading to see the Assistant in action and find out how Precoro speeds up procurement analysis while keeping all your data in one place.
What is Precoro’s AI Assistant?
The AI Assistant in Precoro is your new procurement co-pilot, which replaces hours of manual reporting with instant, conversational insights.
You don’t need to know SQL, set up dashboards, or chase after colleagues for spreadsheets just to get informed on where your money goes. Instead, simply ask questions and get the answers right away.
“We noticed that procurement teams were spending hours just to analyze data. Our mission at Precoro has always been to make procurement simple, transparent, and impactful. With AI Assistant, we’re taking the next step: helping teams not just centralize and automate processes, but truly understand their data to make informed decisions with ease every day.”
— Andrew Zhyvolovych, CEO at Precoro
Why teams use the procurement chatbot
Whether you’re a CFO, procurement manager, or AP specialist, AI Assistant helps you answer the questions that matter most. Let’s look at a few real-world examples.
Take spend analytics, for instance. A CFO doesn’t want to waste hours exporting data just to see where budgets are going off track. With an AI-powered procurement chatbot, they can simply ask: “How much did we spend last month compared to the previous one?” and immediately spot overspending before it snowballs.
Or think about supplier management. A procurement manager no longer needs to manually check late deliveries across dozens of POs. They just type: “Which suppliers delivered late more than twice this quarter?” and get an instant list with the option to compare alternatives if one vendor keeps slipping.
Even process bottlenecks stop being invisible. AP teams often know approvals are slow, but can’t prove where things break down. With the AI Assistant, they can ask: “Where do approvals get stuck most often?” and the system points straight to the bottleneck. Suddenly, fixing delays becomes a matter of action, not guesswork.
When it comes to forecasting, the procurement chatbot helps finance leaders stay ahead. Instead of crunching spreadsheets late at night, they can ask: “What’s our projected spend for next quarter?” or “How much cash outflow should we expect in the next 30 days?” and plan proactively.
These are just a few examples of what’s possible. The AI Assistant turns data from something you struggle to interpret into a tool that answers your business-critical questions in real time.
How to get started
💡 Please note: To use the AI Assistant, you’ll need either a Purchase Order or Invoice role in Precoro. Depending on your role, you’ll be able to analyze POs, invoices, suppliers, items, locations, and custom fields in the documents.
For detailed instructions and a full list of use cases and prompt examples, check our Knowledge Base article. Or follow these quick steps to try the procurement chatbot right away:
- Open the AI Assistant from the top navigation menu.
- Choose whether you want to analyze orders or invoices.
- Apply filters (e.g., by supplier, period, or status) to narrow down your dataset.
- Type your question and keep asking follow-ups to refine insights.
Your previous chats are always saved in the Previous Requests section, so you can reopen or delete them anytime.
What’s next
Precoro is a procurement centralization and automation platform designed to bring every request, approval, and vendor interaction into one place. By replacing the chaos of emails, scattered ERP modules, and manual processes with a single connected workflow, your team gains transparency and control over purchasing.
AI Assistant takes it a step further, turning the raw data into instant insights you can act on. Whether it’s spotting spend trends, evaluating supplier performance, identifying process bottlenecks, or forecasting cash flow, our procurement chatbot helps your team make informed decisions faster.
But we’re not stopping here. We’re constantly building new features to make procurement even easier. Want to see what’s coming? Check out our open product roadmap to track updates, request features, and stay ahead with the latest tools designed for real-world procurement challenges.
Ready to turn scattered data into visibility on spend, suppliers, and cash flow? Book a demo today and see how Precoro helps over 1,000 companies run procurement with confidence and control.
