AI Procurement Features for Fast, Connected, and Visible Workflows

You’ve probably entered invoice data manually this week. Maybe matched a PO line by line or spent time correcting OCR errors from other tools. Beyond the hours lost, these steps fragmented your procurement process, making true visibility and control harder to achieve.

Now imagine all that being handled for you accurately and in seconds. That’s the level of automation Precoro’s AI procurement tools already deliver, keeping your entire purchasing process centralized and connected.

According to the Accounts Payable Automation Trends report, 52% of AP teams still spend over 10 hours a week on invoice processing, and 60% continue manual data entry. Meanwhile, the 2024 Goldman Sachs study confirms it costs approximately £13 (~$16) to process one invoice manually, which adds up fast for businesses dealing with hundreds or thousands of invoices.

In contrast, companies using Precoro receive an AI-generated invoice draft in under three seconds with over 96% accuracy. Then they simply review the draft and send it for approval.

Keep reading to see how AI-powered invoice capture integrates with your current AP process and to discover other helpful features.

How Precoro’s AI solves key AP challenges

The Worldwide Invoice Processing Software Market Research Report 2025 states that AI automation can eliminate up to 70% of invoice processing time. 

These results aren’t just numbers on paper—they happen every day inside Precoro. Errors, delays, and missing data aren’t just time-consuming; they break the integrity of your centralized workflows. AI procurement features in Precoro close these gaps so your operations remain connected and standardized from request to payment.

“We spent a lot of time talking with finance teams who told us how much of their workweek is swallowed up by manual invoice processing. It’s exhausting and repetitive, and it keeps them from focusing on what really matters. So we built a better solution. Our AI-powered features cut invoice processing time by 75%, approvals that used to take days now happen in minutes, and all steps move through one centralized flow.”
—  Andrew Zhyvolovych, CEO at Precoro

Here’s a closer look at the AI procurement features making that possible in Precoro:

AI-powered invoice capture with Google OCR

When we built invoice capture in Precoro, we wanted it to see the full structure of the document, not just recognize isolated words like most OCR tools do.

So we partnered with Google to bring their advanced AI OCR engine into Precoro. Instead of just scanning words, our solution “sees” the entire layout of each invoice, understanding content and context.

“We listened to our customers frustrated with older OCR tools. After evaluating multiple providers, we partnered with Google to integrate their AI Processor. Now our customers benefit from invoices being processed 192x faster, with 95% accuracy.”
— Andrew Zhyvolovych, CEO at Precoro

Precoro reads your invoices the way a trained AP specialist would: instantly spotting key fields, interpreting layouts, and filling in everything you need.

Here’s how it works in practice:

1. Upload a multi-page invoice in any format: PDF, scan, or even a low-quality photo.
2. Precoro identifies the supplier, extracts the invoice number and dates, reads line items with quantities and prices, and applies tax logic.
3. In seconds, you get a pre-filled invoice ready for review and approval.

What’s more, Precoro’s AI continually learns from each invoice it processes. It improves accuracy over time without ever sharing data across clients, so your information remains secure while the quality gets better. Plus, each AI-captured invoice lands in one centralized procurement platform, so you never deal with fragmented records or missing links.

Context-aware invoice-to-PO matching

Once Precoro captures the invoice, it goes one step further: matching it to the right PO. But it doesn’t rely just on exact values. Instead, our AI understands the full context of your purchasing data.

It links invoices to the right POs even when deliveries are split, vendor or item names vary, descriptions are inconsistent, or you’re working with blanket orders.

With 100% accuracy in item mapping, Precoro connects documents in seconds and flags any discrepancies before they slow down approvals or payments.

One-click AI invoice creation

After the PO match, Precoro’s AI auto-generates the invoice. In just 3 seconds, you get a fully populated draft with all the necessary details filled in, so your AP team just needs to give it a final check.

Depending on your workflow, you can trigger AI-powered creation manually with one click or let Precoro create invoices automatically. Either way, it’s all handled in one centralized platform, keeping duplicates and broken approvals out of your process.

AI-powered expense capture

Spreadsheets and email threads turn expenses into blind spots that disrupt centralized and structured processes. Using the same cutting-edge Google OCR as for invoices, Precoro captures expense data with exceptional accuracy.

You can submit expenses on the go, right from your mobile device.

Expenses captured by AI don’t live in isolation. They go directly into your existing approval and budget paths, keeping everything aligned. Whether it’s travel, meals, office supplies, or subscriptions, expenses flow through accurately, cutting out the usual back-and-forth with finance.

Follow our Knowledge Base article to learn more about AI-powered receipt scanning.

AI assistant coming soon

Manually entering invoice and expense data used to be the cost of doing business. Precoro’s AI-powered automation is already transforming the way finance and procurement teams process invoices and expenses.

And there’s more to come. Right now, we are developing an AI assistant integrated right into Precoro to help you stay in control without digging through data.

Here’s a glimpse of what the AI assistant will do:

• Spot anomalies like unusual spend, duplicates, or outliers before they cause issues
• Answer real questions such as “Which suppliers increased prices this quarter?” or “What did we spend on software in June?”
• Surface relevant POs, invoices, and spending trends without endless searching

With all your data unified in Precoro, you will be able to easily filter insights by department, location, or any other segment without juggling multiple systems.

Stay tuned—even more automated and reliable procurement and finance workflows are just around the corner.

Built for control, not complexity

Precoro is a procurement centralization platform designed to structure and standardize purchasing. By bringing every request, approval, and vendor interaction into one place, we replace the chaos of emails, scattered ERP modules, and manual steps with a single connected process.

We’ve helped more than 1,000 companies standardize purchasing across departments, business units, and locations. As a result, they’ve cut approval times by 3.5x, minimized duplicate spending, and improved budget visibility.

Precoro’s AI procurement features aren’t a gimmick. They turn purchasing into a smooth and controlled process, with every workflow running inside one system.

Ready to see it in action? Book a demo today and discover how Precoro helps your team cut costs, gain control, and move faster without adding complexity.