Transform your business with accounts payable automation
Say no to inefficient and long-lasting AP invoicing. Leave manual data entry and human errors in the past. Accounts payable automation lets you delegate time-consuming AP operations to a digital solution and enjoy peace of mind.
lower invoice processing costs
less data entry
faster approval workflow
fewer duplicated payments
1000+ companies worldwide enjoy automated AP invoicing with Precoro
Streamline AP operations for everyone’s convenience
Accounts payable team
The finance team only needs a few seconds to conduct three-way matching in the software for accounts payable. The AP automation software verifies invoices by matching them with purchase orders and receipts. The AP team can easily send invoices back to employees or suppliers to request more information. Accounts payable automation is key to avoiding invoice duplicates, late payments, and unauthorized spending.
Other employees
With Precoro’s easy-to-use interface and OCR technology, employees can easily submit invoices and see their purchases get paid faster. No more invoices lost in emails and no need to ask around about invoice approval status. If the AP team lacks information to authorize the payment, employees will be notified immediately via the AP automation software.
Suppliers
The best accounts payable automation software allows suppliers to create invoices directly from purchase orders. If needed, suppliers can edit invoices and track their statuses in real time. By cooperating in accounts payable management software like Precoro, the ordering company and the supplier can foster trustworthy relationships and benefit from timely AP closure.
Improve the accounts payable process step-by-step with AP automation software
Utilize Precoro’s functionality to make the most out of automated AP operations. Streamline daily work and close the APs faster than ever — all while ensuring cost and time efficiency.
Receiving and recording the invoice
AP automation software makes registering incoming payment requests easy for the account payable specialist or team. When an employee or supplier submits an invoice, the AP team gets an instant notification. They can immediately access the document online and start processing it. Precoro helps to streamline this step with the following:
- Flexible creation options. Create a new invoice from scratch or from a PO, or let your supplier make one.
- OCR recognition. Attach scanned documents to generate pre-filled invoices.
Making sure the invoice is legit
Finance teams use AP automation solutions to easily match the purchase order, receipt, and invoice to verify that the supplier’s invoice is authentic. Some companies only conduct the two-way matching of POs and invoices. Precoro helps with:
- Automatic matching. Conduct three- or two-way matching automatically to avoid discrepancies.
- Centralized document storage. Store all the documents in the accounts payable software, interlink them, and access them anytime.
Approving the invoice for payment
When the invoice is confirmed to be legitimate, it goes through the approval process. In Precoro, AP managers can customize sequential or parallel approval workflows for different invoices – basing them on, for example, the amount due threshold or supplier used. Precoro streamlines approvals with:
- Approval workflows. Route invoices to the correct approver automatically.
- Budgeting. Set and track budget limitations to regulate cash flow.
Executing payment
A responsible AP team member can easily select approved invoices in the accounts payable software and proceed to pay them. Current financial data and the history of executed payments are registered in the system for further analysis and auditing. Precoro facilitates the payment process with the following:
- Statuses. Track real-time statuses to filter out the invoices to be paid.
- Reporting. Track real-time data and create custom reports to get spending insights.
Automate your whole AP system with Precoro’s integration capabilities
Boost every step of the AP process with integration options. Precoro connects to your favorite ERP, accounting, and project management software. Use our direct integrations with QuickBooks, Xero, and NetSuite. Approve from Slack, order from Amazon Business, or extend connectivity further with our custom API.
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.
NetSuite
Sync subsidiaries, locations, POs, bills, vendor data, and more.
Amazon Business Punch-in
Convert your Amazon Business cart into a ready-made PO in Precoro.
Amazon Business PunchOut
Simplify purchasing across your company. Create PRs in Precoro, shop on Amazon Business, and have order details automatically imported into your Precoro PR.
Home Depot PunchOut
Shop on Home Depot and watch order details automatically imported into a Precoro PR for approval and record-keeping.
Staples Advantage PunchOut
Convert your order details from Staples Advantage into a Precoro requisition for seamless approvals and PO management.
Want to prove that investing in accounts payable automation will deliver tangible benefits?
What makes Precoro a leader in the market
What our customers say
Find more insights and actionable tips about AP management and procurement
Check out our blog to read more about accounts payable and other business areas closely related to managing AP. We discuss ways to streamline invoice processing and carry out supplier onboarding and management, and share tips on how technology boosts every component of the purchasing cycle.
Discover additional uses for Precoro
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Streamline your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
ExploreVendor Management
Build better relationships with vendors and get better deals. Check out how Precoro streamlines onboarding, evaluating, tracking, and collaborating with vendors.
ExplorePurchase Requisition Management
Precoro is a straightforward purchase requisition software with easy-to-use templates and customizable approval workflows.
ExploreMobile Procurement
Speed up procurement processes with the Precoro mobile app. Easily monitor spending, approve orders, and collaborate with your team on the go.
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