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Unlock financial potential with 100% spend control

Implement spend control measures and ensure adherence to procurement policies with rule-based approval workflows and budget limits. Leverage historical purchase data for smarter financial choices.

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Finance controllers
  • 100%

    spend transparency

  • 2x

    faster month-end close

  • 90%

    fewer duplicated payments

  • 98%

    spend under management

Improve financial precision and strengthen spend controls

Boost the productivity of the finance team and drastically minimize errors with the help of Precoro’s spend control solution. Eliminate duplicate payments and minimize maverick spending with a streamlined financial process.

Automated data entry: Leverage OCR and Precoro’s Supplier Portal to receive accurate, pre-filled invoices automatically.

Financial accuracy: Maintain the highest financial integrity with the help of 2- and 3-way matching.

No missing invoices: Keep bills in one easily accessible place and stay organized with clearly labeled payment statuses.

Quicker processing: Expedite invoice creation, approval, and auditing, then seamlessly integrate the data with your ERP or accounting system.

Enforce spending controls against budgets

Enable informed purchasing decisions and track how purchases impact budgets in real time, starting from the requisition stage. Use historical purchase data to optimize budget planning.

Real-time budget status: Track budgets with progress bars and pie charts.

Budget management: Create budgets for projects, locations, GLs, and more.

Budget analytics: Leverage insightful budget analytics for strategic planning and decision making.

Proactive overspending alerts: Control spend with the help of immediate notifications whenever purchases surpass the allocated budget.

Guarantee compliance and manage risks effectively

Simplify procurement and financial operations. With Precoro's intuitive platform, policy compliance is a natural outcome. Actively mitigate risks and protect your company's reputation.

Unified procurement: Consolidate procurement and pre-accounting processes under one umbrella for complete spend control.

Policy compliance: Enforce spending controls with rule-based approvals for POs, PRs, invoices, new vendors, and beyond.

Vendor onboarding: Create custom vendor onboarding forms for every type of supplier — direct, indirect, strategic, or occasional.

Contract repository: Make sure your agreements with suppliers are successfully executed and be proactive about contract renewals.

Transform your spend insights with enhanced reporting

Leverage Precoro's tailored reports and pre-built visual dashboards to make sound financial decisions and confidently plan for the future. Utilize exportable data to examine your financial performance and improve spend controls.

Data visualization: Access detailed charts and standard XLSX reports that deliver a thorough and visually engaging interpretation of corporate spend.

Custom report builder: Build tailored reports using 150+ data points to make informed decisions.

Scheduled reporting: Configure automatic report generation to send data directly to Google Sheets at specified intervals.

Transparent audit trail: Use the changelog and document version comparison features for a clear audit trail.

Proven track record
Don't take our word for it
Robin D.
Purchasing Agent
Hospital & Health Care
501-1,000 employees
Going from a manual process to an online, streamlined process with Precoro has been quick and smooth. The [procurement] software is very user friendly by providing at-a-glance statistics, a dashboard to reach the different modules without hassle, and makes it easy for even the most non tech savvy person to understand.
Lisa M.
Senior Buyer - Commodity Specialist/Manager
1-50 employees
Precoro has been instrumental in solving several key challenges for us. It provides a robust audit trail, allowing us to track every step of the procurement process and see exactly whose approval is still needed at any given time. Additionally, it offers a seamless solution for managing purchase orders (POs) by automatically drawing down on the total as invoices are received, ensuring accurate tracking and streamlined financial management.
Daniel C.
501-1,000 employees
As our company grows, the PO system allows us to better control expenditure and for everyone involved to see how much is beeing sent. It"s much more intereactive than simply having budget meetings every month!
Daphna Shafran photo
Daphna Shafran
Head of FP&A
Biotechnology
51-200 employees
I worked with many systems, and with Precoro, if you raise something that you would like to change, or you raise an idea, there’s always somebody that listens. Then, suddenly you see in the Precoro newsletter that it was implemented. So you can really feel that there is somebody that really listens to the user and really takes it into the roadmap.
Read full case study
Amanda L.
Accountant
Construction
51-200 employees
We are glad that it [the purchasing software] helps improve our work efficiency. Precoro is easy to start with a good level of control program to use. It eases the process and reduces the time of communication between team members, as everyone can log in to see the current status of our order.
Yoni M.
VP, Cyber Security
IT Infrastructures
501-1,000 employees
We manage several budgets of several business units. The system supports multi regions and multi currency for that context.
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Designed to scale

Why Precoro?

  • Proactive compliance

    Enforce compliance using purchasing policies and rule-based approval workflows. Effortlessly mitigate risks and address potential audit issues.

  • Unparalleled financial oversight

    Get a 360-degree view of your spending patterns through dynamic dashboards and in-depth reports. Monitor real-time transactions for an added layer of spend control.

  • Scalability and automation

    Automate routine tasks, reduce manual errors, and free up the finance team's time for strategic decision-making. Scale Precoro with your growing business needs.

  • Cost optimization

    Uncover hidden saving opportunities, negotiate better terms with suppliers, and manage corporate spend with unprecedented strategic insight and precision.

98% customer satisfaction

Favorite procurement tool of 1000+ companies worldwide

Biotech
  • Ridgeline
Technology
Manufacturing
Construction
Healthcare
Non-Profit
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.

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Collaboration
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ERP
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Fisher Scientific PunchOut

Automate procurement of laboratory equipment, chemicals, and supplies by accessing Fisher Scientific’s full catalog directly from Precoro.

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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.

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Sage Intacct

Simplify accounting with automated sync of invoices, suppliers, payments, and more between Precoro and Sage Intacct.

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QuickBooks Desktop

Integrate Precoro with QuickBooks Desktop to sync invoices, payments, GL accounts, and tax codes seamlessly.

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QuickBooks Online

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

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Xero

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

Accounting
Customer experience

Results that speak louder: Finance teams worldwide share their success stories

Key achievements:

  • Faster invoice processing
  • Real-time budget visibility
  • 100% cost transparency

Precoro is utilized for:

  • Reporting & budget tracking
  • Invoice processing
  • 3-way matching
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FAQ

All your questions answered

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