#1 Construction Procurement Software on the Market
Streamline purchasing and budgeting, meet the project deadlines, and get materials at the best quality-to-price ratio with Precoro. We help construction teams optimize costs, manage suppliers, and comply with all regulations.
Chosen procurement tool of construction teams worldwide
Implement construction procurement software to ensure materials’ quality and business efficiency
Procurement plays a critical role in ensuring that construction projects are completed on time and within budget while meeting all the quality requirements. To make that happen, organizations search for the best construction procurement software.
Control the costs in real time
Construction projects are often capital-intensive, so cost control is a top priority. With Precoro's comprehensive dashboards and centralized purchasing documents, you can easily monitor expenses and ensure the company obtains materials, equipment, and services at competitive prices.
No matter how many construction projects you manage, each of them — or even each separate team — can be assigned a purchasing budget. Precoro will help you ensure no one goes into overdraft, helping to maintain profitability and project budgets.
Centralize suppliers and inventory
Reliable suppliers and contractors are essential for completing construction projects, often on tight schedules. Precoro helps construction companies build and maintain strong supplier relationships by offering reliable channels of communication and establishing transparent workflows.
Centralizing procurement contracts in Precoro also helps to ensure their timely renewal and secure necessary goods and services on time. Companies use Precoro as their construction procurement software to plan, track, and replenish inventory. This way, they never run out of materials and always stay on track to meet the project deadlines.
Be efficient on the go
A good, reliable cloud-based procurement software for construction should be available whenever you need it to be. With the Precoro app, you can easily keep up with all the developments and effortlessly approve purchase requests, dispatch POs to suppliers, monitor order statuses, or collaborate with your teams on the go.
The mobile app makes it easy to control and track purchases and spending anytime, anywhere — whether it’s in the comfort of the company headquarters or on the construction site.
Enhance time management
Any delay on the building site can have drastic financial consequences, so construction companies implement construction procurement management software to avoid costly delays. In Precoro, you can design and automate workflows for requesting, ordering, approving, and matching purchases.
By customizing these workflows to fit the unique requirements of every project, construction companies can ensure the timely procurement of materials and services. When placing a construction purchase order, procurement software is a tool that can make all the difference in efficiency.
Ensure ESG compliance
Modern construction companies prioritize sustainable procurement practices and work to ensure the highest standards for the environmental, social, and governance impact of their business practices. Construction companies can utilize Precoro’s supplier management and reporting functionality to maintain a clear overview of suppliers that uphold high standards for their material quality, employee conditions, and delivery practices.
Awareness of procurement sustainability and responsibility not only supports corporate responsibility goals, but also helps build an impeccable brand reputation for the construction company.
Evaluate and audit
With analytics and custom reports in Precoro, it’s easy to report to the stakeholders and avoid the headache of unmatched records or broken audit trails. Construction companies can keep all their purchase orders, invoices, and receipts digitized and organized in one collaborative space of the construction procurement software and collaborate on the same documents on-site or remotely using any device.
This functionality of Precoro helps maintain perfect track of all purchasing activity across multiple projects and locations, extract the transaction data at any given moment, and use a custom report builder to compile a comprehensive summary.
Follow the regulations
Construction companies operate in a strictly regulated industry. They must adhere to numerous international, national, and local regulations regarding safety standards, labor conditions, environmental conditions, and other requirements.
Dedicated procurement software for construction helps collect purchasing data and ensure that all sourced materials and services comply with these standards. This way, construction companies can avoid unnecessary legal risks, financial penalties, and reputational losses.
Manage risks
Projects in the construction industry face numerous risks, such as extreme fluctuation in material prices or availability, supply chain disruption, or contract disputes.
Construction procurement software like Precoro makes it easier for construction companies to diversify their suppliers and thoroughly vet each of them, track contracts, and lock favorable prices, ultimately reducing main supply chain risks and preparing to mitigate their possible impact.
Let the customers speak for Precoro
Construction procurement software that’s up for any challenge
Procurement in real estate business or commercial construction can be quite a challenge with high costs and tight deadlines. Implement Precoro as your cloud-based procurement software for construction to streamline all the aspects of your company’s sourcing and purchasing.
Ensure complete overview and control of the procurement costs
Construction procurement management software helps construction companies ensure they stay within the projects’ budgets. Precoro’s budgeting module is a powerful tool that organizations use to allocate finances for sourcing and purchasing and keep everyone involved in these processes aware of the current funds' availability and limitations.
Explore spend management
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Allocate budgets to different construction sites, projects, or teams for specific periods of time.
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Track the costs of approved purchases and available funds in real time.
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Make sure everyone placing a purchase requisition or order is aware of the budget availability.
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Send purchase requisitions and orders through customized approval workflows when their costs exceed certain thresholds.
Cooperate with suppliers efficiently, build partnerships
Software for construction procurement management makes it easier to establish trustful and productive relationships with your suppliers. Precoro’s Supplier Portal is a safe and reliable tool for construction companies to centralize all operations connected with suppliers in one place and have a complete overview of them at any given moment.
Explore supplier management
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Communicate with your suppliers directly and have a complete history of communication stored and available in the Supplier’s Portal.
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Collaborate with suppliers in real time on all purchase-relevant documents, such as requests for proposals, purchase orders, receipts, or invoices.
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Customize supplier onboarding via custom onboarding forms for different types of suppliers, such as direct, indirect, strategic, or occasional.
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Create custom approval workflows for different supplier categories to keep the onboarding process convenient and user-friendly for your employees.
Keep your stock in balance
Sufficient stock is crucially important for construction companies that need to have necessary materials available according to the schedule in order to comply with quality standards, adhere to regulations, and meet the project deadlines.
Explore product
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With Precoro as a construction procurement software, employees can update and check inventory directly in the tool.
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Easily submit a warehouse request to obtain available items instead of ordering goods that might already be in stock.
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The system will notify warehouse managers if the inventory is low, so the organization can replenish it in time and never run out of stock.
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Store and review inventory consumption history to prepare more precise projections of the inventory needed for future projects.
Automate the complete source-to-pay cycle
Implementing Precoro as the procurement software for construction, organizations can streamline each step of their source-to-pay process — from evaluating and selecting suppliers to 3-way matching and paying for the order. Time and money saved due to automation can then be reinvested into more strategic tasks, like business development. When it comes to processing a construction purchase order, procurement software like Precoro helps to ensure that the process, which used to take hours — or even days! — can be completed in a few minutes.
Explore procurement
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Set up unlimited custom fields in the documents to send each document through the correct processing funnel.
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Customize multi-level parallel or sequential approvals for all types of documents.
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Move on to the next step in the S2P process by creating a new document from the previously approved — for instance, a purchase order from the requisition or an invoice from the order.
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Monitor the order progress online and receive notifications about any change in the status of any order-related document.
Excellent integration capabilities
As a cloud-based procurement software for construction, Precoro supports various integrations with accounting tools, ERPs, and other business management solutions. A comprehensive software stack made up of integrated solutions can be a game-changer for the construction business.
Fisher Scientific PunchOut
Automate procurement of laboratory equipment, chemicals, and supplies by accessing Fisher Scientific’s full catalog directly from Precoro.
Grainger PunchOut
Simplify the process of purchasing industrial supplies by shopping directly in Grainger and having all item details automatically imported into Precoro PO or PR.
QuickBooks Online
Send orders, bills, and vendors from Precoro to QuickBooks Online automatically.
Xero
Sync POs, invoices, and supplier info from Precoro to Xero accounting software.
Here’s why Precoro is a safe choice for procurement in real estate
Don’t take our word for it
FAQ
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Spend Management
Implement the best spend management software to ensure 100% spend control and achieve up to 7% of yearly budget savings.
Procure-to-Pay Automation
Adopt procure-to-pay software and simplify your workday – because you can’t manage everything in spreadsheets forever.
Accounts Payable Automation
Optimize your accounts payable operations by automating manual processes with Precoro. Simplify document processing and focus on strategic tasks.
Supplier Relationship Management
Streamline your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
Vendor Management
Build better relationships with vendors and get better deals. Check out how Precoro streamlines onboarding, evaluating, tracking, and collaborating with vendors.
Purchase Requisition Management
Use straightforward purchase requisition software with easy-to-follow templates and customizable approval workflows.
Mobile Procurement
Speed up procurement processes with the Precoro mobile app. Easily monitor spending, approve orders, and collaborate with your team on the go.