Precoro procurement and spend management software - at least 38% faster P2P cycle

Request

80% less manual data entry

Easily create any request and track its progress in real-time. Precoro gives a voice to employees and peace of mind to approvers.

Purchase requisition

Standardized single-source order requests from scratch or from warehouse requests
Ecommerce experience with item catalog, in-bulk item import, or custom item lines
Ability to approve, revise, edit, repeat, cancel, delete, or manually complete a PR
Tracking of purchase requisitions by statuses and checking revision history
Attachments, notes, and comments with the option to tag colleagues

Request for proposal

Paperless automated price comparison and tracking for equitable supplier choice
Simplified search for the most profitable proposal and PO creation in one go
RFP creation from scratch or from an existing Purchase Requisition
Using RFP for unplanned purchases with no pre-assigned supplier
Auto-sending of invitation emails to suppliers

Warehouse request

Check in-stock availability against new purchase requisitions and purchase orders
Request inventory items from company warehouses or storage rooms
Record pickup, putaway, posting changes, and internal warehouse movements
Generate WRs when stock levels run out to proceed with ordering missing goods
Clear approval and transferring statuses with timely notifications

Invoice payment request

Ability to scan and attach invoices to send them for approval
Customizable approval scenarios for Invoices
Invoices can be submitted for approval without purchase orders
Easy invoice approval routing with GL or Custom Fields sync from accounting/ERP system

Request reimbursement

Requests for corporate expense reimbursement (e.g., work trips and events)
Ability to attach receipts or other documents, to add notes and comments
Track reimbursement status to stay in-the-know
Receive alerts and compensate employees on time

New vendor request

Customizable registration forms for each type of supplier
Ability to request a new vendor during PO, PR, or invoice creation
Instant data transfer from vendor onboarding forms to the Precoro system

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Approve

2.5x faster approval workflow

Spend smart by building your own approval process. Customize purchasing workflow with the required number of steps for the most precise routing. Ensure each financial document gets to the right person.

Approval workflow

Approvals by locations, departments, projects, custom fields
Ability to revise, reject, and send for re-approval
Revision history for compliance audit
Thresholds and policies for a precise routing
Mobile on-the-go approvals

Workflow scenario builder

Ability to build trigger-based approvals
Unlimited custom approval criteria
Smart, workflow-based notifications (email, slack)

Document-based approvals

Ability to build separate approval workflows for a PR, PO, Receipt, Invoice, or Expense
Unlimited standalone approval scenarios for each document type
Unlimed custom fields for each document type

Vendor approval

Ensure any new vendors meet your requirements before you do business with them
Customizable approval workflows for new vendors based on supplier categories
Instant notifications about pending vendor requests
Automatic data capture from W9s, SOC2 reports, tax certificates, etc.

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Order

38% shorter purchase cycle time

Let Precoro do the work for you with automatic document creation and 3-way matching. Build strong relationships with suppliers and fulfill your employees' requirements in time.

Purchase order

PO creation from scratch or auto-generation from PRs and RFPs
All order data in one place: delivery, full item info, payment, supplier details, etc.
Separate internal attachments for the team and external ones for suppliers
Options to make a PO recurring, blanket, auto-send to the supplier, or revise it post-approval
Real-time order tracking from draft through the approval process and to payment

Invoice

Standalone invoice creation or one-button generation from the PO page
Transparent tracking statuses: draft, pending, paid or partly paid, canceled, rejected
Auto-triggering matching and reapproval processes in case of discrepancies
Ability to reconcile an invoice using a credit note
Convenient links to related documents

Receipt

Option to create receipts manually or generate them from POs with one click
Checking item quantity, units, price, and receiving and invoicing statuses
Comparing receipt data with respective PO and stock balance
Ability to download a receipt as a PDF or an XLS file
Attachments, notes, and comments included

Inventory

Ability to add to, update, and track stock balance
Item selection directly from company stock to eliminate redundant purchases
Minimum stock levels, stock valuation, and inventory consumption features
Ability to transfer items in stock between different storage locations
PO creation from unfulfilled warehouse request

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Control

Up to 7% budget savings annually

Improve cash flow transparency and control corporate expenses in real time. Say no to maverick spending and exceeded budget limits.

Suppliers and items

Supplier Database with an unlimited number of records
Suppliers Portal allows vendors to collaborate with buyers directly in the system
Specified payment terms like pre- and post-payment percentage, credit periods, etc.
Unlimited item catalog featuring item bundles, categories, and unit management
Contract repository with expiration notifications

Budgets

Real-time budget tracking boasting a dashboard with progress bars and pie charts
Budgeting for projects, locations, departments, custom fields, and custom periods
Setting budget limits, calculation of total, available, reserved, and used amounts
Insightful budget analytics used in financial reports, audits, and planning
Bulk budget import and management

Reports

Three report types: visual charts, standard XLSX reports, and custom ones
Custom report builder with 150+ data points for data-driven decisions
Separate reports for nearly every Precoro module: from documents to budget usage
Checking changelogs and comparing document versions for a transparent audit trail
2-click access to the real-time data and 20 filters for precise reporting

3-way match

Purchase Order <-> Receipt <-> Invoice … all matched in real-time
Discrepancy tracking
Supplier's invoice tolerance rates
Customizable exceptions and additional workflows
Order revision

Expenses

Tracking and management for expense reimbursement requests (e.g., work trips and events)
Managing corporate card payments by each employee, department, and location
Easy reconciliations between bank statements and payments done by employees
Three currencies available: item, document, and company currency
Featuring taxes, legal entities, and integration with accounting tools

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Automation made simple

Built to seamlessly enhance your workflow

Eliminate manual work and inefficient processes by connecting Precoro directly to your favourite accounting, ERP, and business tools.

All

Purchasing

Collaboration

Security

Analytics

Accounting

ERP

QuickBooks Online

Send orders, bills, and vendors from Precoro to QuickBooks Online automatically.

Accounting

Xero

Sync POs, invoices, and supplier info from Precoro to Xero accounting software.

Accounting

NetSuite

Sync subsidiaries, locations, POs, bills, vendor data, and more.

ERP

Amazon Business Punch-in

Convert your Amazon Business cart into a ready-made PO in Precoro.

Purchasing

Slack

Approve or Reject financial documents directly from your Slack workspace.

Collaboration

Single sign-on

Integrate Precoro with your SSO provider for secure credential management.

Security

Power BI

Connect data in real-time, build custom reports, and schedule automatic dashboard updates.

Analytics

eMapp Marketplace

Shop directly via eMapp marketplace and submit an automatically generated PO for approval in Precoro.

Purchasing

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Customized experience

Don't see the integration you need? Create it

Our team will guide and support you throughout the development process and share everything you need from the Precoro standpoint, from API documentation and available end-points to the best practices based on our clients' experience.

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As safe as it gets

Built to keep your data secure

Precoro is developed with a security-first approach in mind. Protecting your data, embracing the best security practices, and ensuring our system stays stable with 99.9% uptime commitment is our utmost priorities.

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98% customer satisfaction

Developed for every type of business

We built Precoro to work for a wide range of companies by adapting it to your various workflows and requirements. Whether you need it for one user or thousands, Precoro is the system you can stick with for years. See how we help companies in different growth stages.

It's not just about features

3 reasons why 1000+ companies choose Precoro

Book a Demo

Ease of use
Set up your account, invite users, upload your data. All set! You can go live with Precoro at your own pace.
Value for money
Precoro has highly transparent, honest pricing with a free 14-day trial to boot. Take it for a spin at any time.
Customer support
Advice and support you can rely on for years. We aim to be your last stop in the search for a procurement solution.

Proven track record

Don't take our word for it

Category Leaders 2023

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Capterra Shortlist 2023

Loved by SMBs and enterprises alike

We started using the system with only one department and then gradually added four more. Precoro helps us with managing the company’s budgets and matching Invoices against Purchase Orders so we can focus on strategic tasks. David G., CFO at Cheerz

We use Precoro as an all-in-one solution to control and automate the entire procurement workflow, from creating POs to managing the supplier database. With the catalog, we've drastically reduced the time spent issuing purchase orders and requests and tracking their status. Plus, our managers easily approve on-the-go via phone. Barend L., Procurement Manager at Bolloré Transport & Logistics

With its budgets module, visual analytics and reports, Precoro helped us obtain complete control on all of our spends. Plus, it has the most User-friendly interface. With Precoro, we have our spend management and purchasing process smoothed out in one tool. Leah D., Budget Officer at SupportNinja

Precoro had the best price point on the purchasing systems market. Other systems that we looked at had either too many or not enough features. It is also significant that the system is easy to learn and use. Our dedicated manager got us onboard in less than 2 weeks. Bill J., VP of Finance and Administration at Greater Palm Springs

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Processes covered Go to Product Overview

Intergations Overview

Case study

By industry Overview

Customer Cases Overview

By business size

Customer Cases Overview

Precoro Blog

Resources

Purchase requisition

Request for proposal

Warehouse request

Invoice payment request

Request reimbursement

New vendor request

Approval workflow

Workflow scenario builder

Document-based approvals

Vendor approval

Purchase order

Invoice

Receipt

Inventory

Suppliers and items

Budgets

Reports

3-way match

Expenses

Don't see the integration you need? Create it

Built to keep your data secure

SMB

Fast-growing

Enterprise

Intergations Overview

Transform your procurement experience. Automate. Integrate. Scale.

80% less manual data entry

Purchase requisition

Request for proposal

Warehouse request

Invoice payment request

Request reimbursement

New vendor request

2.5x faster approval workflow

Approval workflow

Workflow scenario builder

Document-based approvals

Vendor approval

38% shorter purchase cycle time

Purchase order

Invoice

Receipt

Inventory

Up to 7% budget savings annually

Suppliers and items

Budgets

Reports

3-way match

Expenses

Built to seamlessly enhance your workflow

Don't see the integration you need? Create it

Built to keep your data secure

Developed for every type of business

SMB

Fast-growing

Enterprise

3 reasons why 1000+ companies choose Precoro

Don't take our word for it

Loved by SMBs and enterprises alike

Book a Demo