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Precoro has been selected as the winner of the “Spend Management Innovation Award” by FinTech Breakthrough, an independent market intelligence organization.
About the FinTech Breakthrough Awards
The FinTech Breakthrough Awards is an annual program that honors companies and products driving innovation across the global financial technology market. It covers a wide range of categories, including payments, lending, digital banking, and spend management.
Now in its 10th year, the FinTech Breakthrough Awards continues to recognize solutions that solve real operational challenges and deliver measurable business impact.
For Precoro, this recognition reflects not only product innovation, but also the growing need for more structured, visible, and controlled ways to manage company spend across teams and locations.
Bringing structure to the entire spend process
Precoro brings the entire spend process into one structured system. From purchase requests and approvals to purchase orders, invoices, expense reimbursements, and payments, every step is connected within a single platform. As a result, teams get a clear, real-time view of expenses and ensure that spending is tracked and controlled before it happens, not after.
Beyond core purchasing workflows, Precoro also supports expense management with categorized employee claims, budget tracking, and spend limit alerts. It integrates with accounting and ERP systems, such as QuickBooks, NetSuite, Xero, and Microsoft Dynamics 365 Business Central, to keep financial data consistent across tools without manual data entry.
"Precoro makes it simple to track who’s spending what, when, and why anytime, anywhere, from any device. It helps companies manage spend across all teams and locations in one seamless and structured process. Offering complete visibility into requests, approvals, vendors, purchases, and reimbursements, this spend management solution gives companies real-time budget visibility and ensures fewer errors and faster month-end closes."
Steve Johansson, Managing Director of FinTech Breakthrough
Built for companies operating at scale
The platform is designed for organizations managing multiple entities and business units. With multi-currency support, flexible approval workflows, and custom forms and fields for documents, teams can maintain consistent processes while adapting to local requirements.
At the same time, Precoro helps reduce maverick spend and makes compliant purchasing the default. By standardizing workflows and consolidating demand, companies easily identify savings opportunities.
Using AI to simplify financial operations
Precoro applies AI to the most time-consuming and error-prone tasks of financial workflows.
The system scans supplier invoices, extracts key data, and automatically matches pre-filled documents with purchase orders. AI also simplifies expense management. Employees can upload expense receipts via mobile or desktop, and Precoro automatically captures the key details within seconds. These features speed up submissions and give finance teams clean, structured data from the start.
Moreover, Precoro provides a built-in AI Assistant that lets users ask questions to understand spending patterns, forecast future costs, and identify unusual purchasing behavior. As a result, teams don’t just collect data, but also analyze it on the spot.
Let’s move toward centralized spending control together
At its core, Precoro is built to help companies bring order to how they spend.
"Modern companies spend corporate money through dozens of disconnected channels, which makes it difficult to maintain centralized visibility and control. Precoro was built to bring these fragmented processes together into one system that connects request intake, purchasing, expense reimbursements, and invoicing. We’re honored to be recognized by FinTech Breakthrough for helping organizations gain the transparency and control they need to manage spend more effectively."
Andrew Zhyvolovych, CEO of Precoro
We'd love to connect if you’re a finance or procurement leader looking to bring more structure, visibility, and accountability to your corporate spending.
