Procurement technology for a streamlined P2P process

Make purchasing simple for the entire organization with a comprehensive procurement technology solution. Gain full visibility into spending, request goods in a few clicks, customize approval workflows, and collaborate with suppliers in one tool.

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4.7 rating

4.8 rating

Streamlined requests and approvals

Build an approval policy that lets you operate smoothly and buy what you need without compromising compliance. Provide a seamless purchasing process while ensuring all inquiries are automatically routed to the right stakeholders.

Easily submit any type of request and track the status of each document in real time
Add notes, attachments, or comments to documents to give approvers all the context they need, and get notified of updates via email or Slack
Customize approval policies by defining specific criteria that would drive a workflow — such as cost centers, locations, subsidiaries, and monetary thresholds
Set up sequential or parallel approval workflows to streamline decision-making processes and expedite procurement approvals

Centralized data and process automation

Automate purchasing operations to eliminate repetitive manual tasks and spreadsheets. Consolidate all procurement-related data in one place to gain complete visibility over spending, make informed decisions, and drive savings.

Save up to 4% on annual spending and reduce maverick expenditures thanks to complete visibility into purchasing behavior
Monitor spending against budgets, view up-to-date inventory levels, and track document statuses and revision history
Analyze your spending to identify savings opportunities and track essential KPIs using Precoro’s custom report builder and visual dashboards

Empowered supplier management

Streamline and elevate your collaboration with vendors using Precoro’s dedicated Supplier Module. Control the quality of delivery, negotiate better deals, and prevent supply chain disruptions.

Invite new suppliers using customizable registration forms and keep the vendor information in one place
Create supplier catalogs with pre-approved products and services to save time and optimize the ordering process
Never miss a contract renewal date thanks to a comprehensive contract repository that stores all relevant information in a convenient place
Foster transparency and collaboration with the Supplier portal, where your vendors can receive purchase orders, participate in the RFP process, send invoices, and track payment status

Seamless compliance monitoring

Increase transparency over all procurement activities to more easily align them with internal policies and regulatory requirements. Minimize the risk of unauthorized or non-compliant purchases.

Establish budget limits, approval policies, and delegations to prevent any uncontrolled spending
Confidently match all purchase orders, invoices, and receipts using Precoro's 3-way matching feature
Ensure a complete audit trail that captures every transaction change in detail
Leverage dynamic workflows to engage relevant stakeholders, including IT and legal departments. Involve them in due diligence checks and give them control over spending