Enterprise procurement software to simplify purchasing and mitigate risks
Achieve complete spending visibility, real-time budget control, and on-time purchase approvals with a reliable enterprise procurement system. Be fully prepared for the audit. Precoro enhances efficiency and transparency throughout the complete procure-to-pay cycle of multi-entity organizations.
Numbers speak louder than words
Businesses using Precoro report
fewer duplicated payments
faster approval process
average budget saving per year
Perfect solution for enterprise procurement management
Our enterprise procurement software offers numerous features to help businesses centralize purchasing processes, simplify transactions, and avoid maverick spend.
Manage multiple entities
Precoro enables businesses to manage different branches and subsidiaries in a single account. Customize settings for each entity and seamlessly switch between them to monitor procurement documents, budgets, and expenses.
Handle multi-currency transactions
Use our enterprise procurement system to track transactions with international suppliers. Precoro supports multiple currencies in procurement documents and offers an automatic exchange rate to simplify accounting.
Monitor all expenses in one place
Precoro is the best solution for centralizing company expenses and gaining detailed insights into them. Track spending by department, location, project, and category of goods and quickly uncover cost-saving opportunities without sacrificing operational efficiency.
Oversee procurement contracts
Store and access all supplier information in our enterprise procurement software and tie created purchase orders directly to specific contracts. Plus, keep track of contract renewals with automated email notifications for expiring agreements.
Prevent out-of-control overspending
Requesters and approvers in our enterprise procurement system can see whether an order falls within the allocated budget. Additionally, budget holders can set up automatic rejection of any purchase order exceeding the budget limits, and, in this way, prevent overspending before it happens.
Seamlessly connect to other tools
Precoro was created not to be a siloed solution but a system that easily fits into the existing workflows. Connect our enterprise procurement software to your ERP, accounting, or other business systems.
Select a regional server
You can choose between Precoro’s EU and US servers for utmost compliance with local regulations. Enjoy the full suite of Precoro’s features and uniform quality no matter where you are. Plus, the system is available in English, German, Spanish, and French.
Access data on the go
Manage procurement tasks and approvals with Precoro’s mobile app anytime, anywhere. Allow your team to stay on top of purchases and spending data without being confined to their desks.
Why businesses love managing corporate procurement with Precoro
Find out what professionals say about their experience with the system.
Precoro offers everything for smooth enterprise procurement management
Our enterprise procurement system is designed to simplify and streamline the entire purchasing process from start to finish — all through an intuitive, user-friendly interface.
Simplified requesting
Let your employees request whatever they want in a few easy steps. No complex, long-lasting operations or workarounds. They just need to fill in the easy-to-use templates with drop-down menus, select the desired supplier and items from catalogs, and voilà! Users can create purchase requisitions and orders, request transfers of stored items to the office, and submit expense reimbursements — all within our enterprise procurement software.
Streamlined approvals
The sound approval process is a cornerstone of compliance with purchasing and spending policies. With Precoro, users have the flexibility to create multi-step parallel and sequential approval workflows of any complexity for all procurement documents. Approval routing in our enterprise procurement system can be customized based on location, department, project, and unique company-specific fields. Plus, approvers receive instant notifications about pending documents via email and Slack for swift decision-making.
Controlled budgets
Create separate budgets for different locations, departments, and projects. Track each of them with real-time progress bars and pie charts in our enterprise procurement software. Both requesters and approvers can see the available budget when processing new requests. Budget holders receive immediate notifications if purchase requisitions or orders exceed the allocated amount. To prevent overspending altogether, they can also set up automatic rules that decline requests surpassing predefined budget limits.
Improved supplier relationships
Easily find the best deals through the request-for-proposal process using our enterprise procurement software. Onboard new vendors, easily manage list of suppliers, and create item catalogs to define trusted vendors that align with your procurement policies. Procurement managers can also store contracts within Precoro and receive automatic email alerts when the agreement’s expiration date is approaching. Additionally, suppliers can access Precoro’s Supplier Portal to exchange procurement documents with their clients and update their business data directly in the system.
Real-time reports
We ensure all procurement and spending data is always available to you. Users can generate separate reports for nearly every Precoro module, from procurement documents to budget usage statements. Our enterprise procurement system provides a custom report builder with over 150 data points, so you can easily pull and analyze the necessary data. Plus, it’s possible to schedule automatic report creation to send the needed info directly to Google Sheets or Power BI at specified intervals.
Award-winning enterprise procurement software
When we say Precoro is one of the best tools for managing corporate procurement, we really mean it.
Enterprise procurement system built to enhance your workflows
Precoro makes a great team with top accounting, ERP, and business tools and helps you purchase quicker with integrated punch-out catalogs.
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.
Sage Intacct
Simplify accounting with automated sync of invoices, suppliers, payments, and more between Precoro and Sage Intacct.
QuickBooks Desktop
Integrate Precoro with QuickBooks Desktop to sync invoices, payments, GL accounts, and tax codes seamlessly.
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.
Our enterprise procurement software is a perfect solution to these challenges
Lack of real-time visibility into available budgets leads to unplanned overspending and miscommunication between requesters and approvers.
Precoro allows requesters and approvers to view available budgets while processing purchase requisitions and purchase orders. Users can also access real-time dashboards with spending data.
When a new invoice comes in, it’s unclear who made the purchase. Plus, it’s hard to track the reasons for approval bottlenecks and the person responsible for mistakes in procurement documents.
Information about who created, approved, and altered documents is securely stored in our enterprise procurement software. And it works with purchase requisitions, orders, invoices, receipts, and expense reimbursements.
Information is fragmented across different departments and systems, making it difficult to get a unified view. As a result, it’s challenging to obtain up-to-date insights into procurement activities, spending, and supplier performance.
Precoro consolidates all procurement- and spending-related data. Plus, our software includes pre-built integrations with other enterprise systems, ensuring seamless data flow and consistency across platforms.
Keeping track of contract terms and compliance requirements is cumbersome with a large number of suppliers. This leads to missed renewals, compliance issues, and potential disruptions in supply chains.
Procurement software provides a centralized repository for all supplier information. Plus, it automatically sends reminders for contract renewals and enables companies to monitor supplier performance through advanced reporting.
The company wants to combat overspending or maverick spend, but the exact source of it remains unclear, making it difficult to address the problem efficiently.
Precoro provides users with detailed spending reports by department, supplier, and category, offering clear insights into where overspending occurs. This functionality enables targeted cost-saving measures.
All you need to know about corporate procurement and enterprise procurement software
What is enterprise procurement?
How does enterprise procurement differ from procurement for SMBs?
What are the must-have features for enterprise procurement software?
Why is Precoro the perfect tool for enterprise purchasing?
What Precoro pricing plan is best suited for enterprises?
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Spend Management
Implement the best spend management software to ensure 100% spend control and achieve up to 5% 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.
Intake Management
Transform your requesting and buying processes with seamless, effortless intake management.
Three-Way Matching and OCR
Check out how our 3-way match software uses Google's custom data extractor to process invoices and match them to POs and receipts.
Invoice Approval Process
Approve invoices 3.5x faster with Precoro. Enjoy full visibility into documents and pay only for verified bills.
AI in Procurement
Simplify your AP workload and achieve flawless document accuracy with our AI procurement software.