DESIGNED FOR FINANCE PROFESSIONALS
End-to-end financial procurement visibility
Every dollar counts in financial services procurement. Precoro enforces budgets, routes approvals, and connects every PO, invoice, and payment. Say goodbye to maverick spend or duplicate invoices—just clear controls, accurate reports, and faster month-end closes.
See and control every dollar
Procurement in financial services comes with constant risks: off-contract purchases, fraudulent charges, or non-compliant vendors. Precoro keeps spend in check with approved supplier lists, clear contract terms, and blocks on any unapproved costs before they hit accounts payable. You can compare supplier performance across entities, lock in negotiated rates, and make sure only valid invoices get paid. With procurement transformation in financial services, you see where the money goes and spot problems early.
Get real-time clarity behind every number
Finance leaders need more than surface-level reports. With Precoro, you get slice-and-dice spend reports across 150+ data points—by department, supplier, project, or subsidiary. Spot duplicate invoices, track spend against budgets, and compare vendor prices before payment. Every PO, receipt, and invoice stays connected in one dashboard, so auditors see a clean trail. That way, controllers finish month-end without delays and every dollar in procurement finance is accounted for.
Control every entity from a single system
In mid-sized firms, financial services procurement often involves multiple subsidiaries, cost centers, or regional offices. And suddenly, nobody sees the full picture. Precoro unifies procurement across all entities while keeping budgets, approval chains, and reports separate where needed. Switch between entities instantly, track spend by unit or account code, and apply unique rules locally. You stay in control company-wide while keeping local rules intact.
Stay ahead of invoice fraud
Procurement in the financial services industry often loses control at the invoice stage. Precoro handles them automatically, so teams don’t waste hours on manual checks. Create invoices directly, pull them from approved purchase orders, or upload them for processing with AI-powered OCR. Set up recurring invoices for predictable expenses and use blanket POs to group multiple purchases. Every invoice connects automatically to its PO and receipt, so the financial procurement system flags mismatched amounts and duplicate entries before payment.
PROOF OVER PROMISES
Real experiences from finance professionals
MC
Accounting Lead
Financial Services
Great software! This tool has been helping us a lot, getting our AP more organized, running reports as needed, and you can also customize pretty much everything. It's easy to use and a very complete software. Our account executive has been awesome and answered all our questions and concerns.
VU
Financial Services
Mid-Market (51-1000 emp.)
Precoro is A to Z. It allows us to streamline [procurement] finance approvals by role, threshold, etc. Customizable fields and a simple user interface that covers what we need. We integrated Precoro into our vendor process as a seamless must-have, and buy-in was not difficult once users got into the platform.
WG
Admin Assistant
Enterprise (> 1000 emp.)
Makes it easy to order items for the office/apartment building. Items are categorized and can be found easily for reordering. I use Precoro daily to manage purchase orders. Previously I used another system that was very difficult to understand but I've been able to ease into this Precoro so much faster. Literally, the program is completely self-explanatory.
KM
Senior Finance Manager
Small-Business (50 or fewer emp.)
My favorite thing about using Precoro is the people behind it. The [financial procurement] system continues to be improved over time, and user feedback is really listened to. The interface is easy for folks who are not in the system often (approvers, etc.) Speaking of that, the approval workflow process is super easy. Many systems I have used in the past, I need a system admin to help create workflows, but this one is so easy that I can do it myself as a finance professional. Overall, I would recommend this system to others for their AP needs.
LB
Head of Finance
Small-Business (50 or fewer emp.)
Precoro is a simple and highly efficient vendor and expense management workflow system that is value for money. I couldn't recommend it more highly to any company looking for an easy-to-implement tool that is cloud-based, virtually plug-and-play, simple, and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team!
JW
Director of Risk Management
Mid-Market (51-1,000 emp.)
Precoro has transformed the way I manage my business finances. In the past I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage.
II
Senior Accountant
Mid-Market (51-1000 emp.)
From my accounting perspective, as a Senior Accountant, the Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. Its real-time reporting provides clear insights into expenses, helping all our teams stay within budget.
DC
Mid-Market (51-1000 emp.)
Really love the simplicity of the system. I have found in the past how complicated and confusing PO systems can be which puts off people raising them. The simplicity of the system allows clarity and efficiency in what would usually be a complicated system. I really like the use of the budgeting tool and also the implementation team are very responsive and kind.
RK
Risk Management
Financial Services
Overall, I was very pleased with my experience and would recommend Precoro to anyone looking for a streamlined purchasing and tracking solution [for procurement in financial services]. The ability to purchase and track items in one place was extremely handy, and the interface was very user-friendly. Precoro is a great option for a comprehensive and user-friendly tool to streamline our purchasing and track our spending.
Head of Finance
Mid-Market (51-1000 emp.)
Precoro has propelled a paper-based procurement function into the modern age of efficient cloud software. Precoro's implementation and support are fantastic and helpful.
MC
Accounting Lead
Financial Services
Great software! This tool has been helping us a lot, getting our AP more organized, running reports as needed, and you can also customize pretty much everything. It's easy to use and a very complete software. Our account executive has been awesome and answered all our questions and concerns.
VU
Financial Services
Mid-Market (51-1000 emp.)
Precoro is A to Z. It allows us to streamline [procurement] finance approvals by role, threshold, etc. Customizable fields and a simple user interface that covers what we need. We integrated Precoro into our vendor process as a seamless must-have, and buy-in was not difficult once users got into the platform.
WG
Admin Assistant
Enterprise (> 1000 emp.)
Makes it easy to order items for the office/apartment building. Items are categorized and can be found easily for reordering. I use Precoro daily to manage purchase orders. Previously I used another system that was very difficult to understand but I've been able to ease into this Precoro so much faster. Literally, the program is completely self-explanatory.
KM
Senior Finance Manager
Small-Business (50 or fewer emp.)
My favorite thing about using Precoro is the people behind it. The [financial procurement] system continues to be improved over time, and user feedback is really listened to. The interface is easy for folks who are not in the system often (approvers, etc.) Speaking of that, the approval workflow process is super easy. Many systems I have used in the past, I need a system admin to help create workflows, but this one is so easy that I can do it myself as a finance professional. Overall, I would recommend this system to others for their AP needs.
LB
Head of Finance
Small-Business (50 or fewer emp.)
Precoro is a simple and highly efficient vendor and expense management workflow system that is value for money. I couldn't recommend it more highly to any company looking for an easy-to-implement tool that is cloud-based, virtually plug-and-play, simple, and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team!
JW
Director of Risk Management
Mid-Market (51-1,000 emp.)
Precoro has transformed the way I manage my business finances. In the past I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage.
II
Senior Accountant
Mid-Market (51-1000 emp.)
From my accounting perspective, as a Senior Accountant, the Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. Its real-time reporting provides clear insights into expenses, helping all our teams stay within budget.
DC
Mid-Market (51-1000 emp.)
Really love the simplicity of the system. I have found in the past how complicated and confusing PO systems can be which puts off people raising them. The simplicity of the system allows clarity and efficiency in what would usually be a complicated system. I really like the use of the budgeting tool and also the implementation team are very responsive and kind.
RK
Risk Management
Financial Services
Overall, I was very pleased with my experience and would recommend Precoro to anyone looking for a streamlined purchasing and tracking solution [for procurement in financial services]. The ability to purchase and track items in one place was extremely handy, and the interface was very user-friendly. Precoro is a great option for a comprehensive and user-friendly tool to streamline our purchasing and track our spending.
Head of Finance
Mid-Market (51-1000 emp.)
Precoro has propelled a paper-based procurement function into the modern age of efficient cloud software. Precoro's implementation and support are fantastic and helpful.
Financial procurement that sets the standard
How our customer transformed financial procurement
Key results:
- Faster month-end close
- Real-time updates
- Full spend visibility
- No maverick spend
Precoro is Used for:
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Purchase Orders
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Invoices
-
NetSuite
-
Slack
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OCR
-
Approvals
NO DOUBLE ENTRY
Financial procurement that plays nice with your existing tools
Stop retyping the same data twice. Precoro connects directly with your accounting software and ERP, so every PO, invoice, and payment lines up automatically. Your team can also shop through PunchOut catalogs, bring carts back for approval, and create purchase orders in minutes.
Need something custom?
Use our API or let Precoro build a tailored integration for you.
QUALITY WITHOUT COMPROMISE
A reliable partner for procurement in financial services
No shortcuts here. Our financial procurement software makes the complex processes your team dreaded manageable from day one.
Secure by design
Precoro keeps your procurement and finance data secure with enterprise-grade protection. Fully compliant with GDPR and the California Consumer Privacy Act, sensitive information stays private. SOC 2 Type II certification demonstrates our reliability and robust internal controls. You can enable Single Sign-On and two-factor authentication for added security, so only the right people can access your data.
Procurement in your pocket
Precoro makes procurement in the financial services industry simple, whether you’re at headquarters, in a branch office, or traveling. Approve purchase requests and invoices from your phone, track order statuses in real time, and never wait until you’re back at your desk to catch up. Snap a receipt with your device, submit it instantly, and keep procurement finance under control without slowing the business down.
Easy use and adoption
Precoro works for procurement and finance teams that don’t have months to waste on rollout. You can go live in weeks, not quarters, and most users pick it up in a few hours without IT support. Onboarding runs 2 to 8 weeks, depending on company size, with our team guiding you until everyone’s on board. The platform connects directly to your accounting or ERP system and adapts to your rules with plug-and-play modules, so setup never slows your operations.
A game-changer for your ERP
You don’t need to replace your ERP to get control over financial procurement. Precoro connects with the systems you already use, so procurement and finance can stop re-entering invoices or fixing spreadsheet errors. Your ERP continues to handle core accounting, while Precoro manages the daily procurement work—requests, approvals, suppliers, and budgets—in one clear system.
FAQ
We’re here to answer your questions about financial procurement
DIVE DEEPER
Learn what Precoro can do for financial procurement
See why businesses of all sizes and industries rely on Precoro for its features, results, and flexibility.
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
Simplify and strengthen your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
Vendor Management
Build stronger relationships with vendors and get better deals. See how Precoro helps you onboard vendors, track performance, and stay in sync.
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.
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See how Precoro fits into your team's workflows
A personalized demo, built around your team’s challenges, led by experts who understand what matters.
