What makes the best OCR software for invoice processing?
Explore features that will change the way your AP team works for the better.
OCR of the highest precision
We’ve partnered with Google to bring you the best-in-class AI-powered Optical Character Recognition. Our invoice OCR software doesn’t just scan your documents; it understands their layout.
- Extracts all the important info from invoices.
- Finds matching POs and maps suppliers and items accordingly.
- Automatically creates invoices for you.
- And if you want, our Precoro team can double-check those pre-filled invoices.
Automation for the most efficient workflows
Precoro takes repetitive tasks off your hands so you can focus on strategic activities. With advanced invoice processing and AI-powered expense submissions, your workflows stay fast, accurate, and stress-free.
- Automatically performs a 3-way match on purchase orders, invoices, and receipts.
- Instantly flags duplicate invoices to prevent double payments.
- Lets employees snap or upload receipt photos in the mobile app, then creates ready-for-approval expenses.
Holistic data for confidence in every step
Precoro centralizes your entire procurement process, so everything stays connected, visible, and under control across all your teams and locations.
- Supports all procurement workflows in one 3-way match procurement platform: requests, approvals, POs, receipts, and invoices.
- Gives real-time budget visibility across teams, locations, and entities.
- Standardizes processes to keep everyone aligned and compliant.
- Provides instant access to procurement data and an AI assistant for quick answers.
EXPLORE POSSIBILITIES
Discover how companies like yours thrive with Precoro
The best OCR software for invoices isn’t the one with the most features—it’s the one your team will actually use and benefit from.
7x faster month-end close
“Precoro makes my AP life easier. Since introducing Precoro, I am able to complete month-ends in a couple of days.”
Daniel Chen, Financial Analyst
12 locations connected by one procurement platform
“Precoro gave us visibility and control over the multi-branch spending of our organization.”
Barend Liebenberg, Procurement Manager
100% visibility across all purchases and invoices
“We know what has been delivered, we know what has been invoiced and paid, and we can get that information out of the [3-way match procurement] system in seconds.”
Jeremy Beauchamp, Operations Manager
3x faster purchasing cycle
“I can say that I received exactly what I was looking for in terms of internal procurement. And people really easily adapted to the [3-way match] software.”
Fabienne Bouffé, Digital Project Manager
90% reduction in invoice processing time
“I’m far less concerned about approaching the end of the quarter than I was a year ago.”
Andrew Jefferson, Chief Operating Officer
50 branches unified under a centralized system
“It’s become very easy for us to start seeing things–to start packaging information [with the 3-way match AP system].”
Rajen Satish Shah, Finance Manager
100% global control over spending
“It [the accounts payable 3-way match software] has given everyone peace of mind that a trusted system will handle the procurement workflow with good audit capabilities. It has also given management much better insight into spending across a host of metrics.”
Jacques du Toit, Business Systems Manager
See what invoice processing looks like with our 3-way match software
Your AP team can quickly handle invoices, easily compare documents, and instantly spot discrepancies between what was ordered, received, and billed. Overpayments and fraud become things of the past with the best OCR software for invoice processing!
The invoice shows up
A supplier emails a PDF invoice, and it’s automatically captured in your company’s AP inbox within Precoro.
AI jumps in
Google’s smart AI reads the supplier invoice, understands the layout, and automatically fills in all the details to create an invoice in the system. Want extra reassurance? Precoro’s team can double-check.
Understands any layout
No matter the format or structure, AI picks out the right fields.
Fewer typos, less cleanup
Data comes in clean and ready for approval.
Learns as it goes
The more invoices it processes, the smarter it gets.
It finds the right match
Our 3-way match procurement software pairs each invoice with the correct PO and maps suppliers and items with pinpoint accuracy. To find the right purchase order, it goes beyond PO numbers, names, or SKUs and checks quantities, prices, and supplier details.
The 3-way match software verifies the invoice
Precoro doesn’t just help process invoices—it’s also your single hub for purchase orders and receipts. As a result, every invoice is instantly checked against all the related documents, so you can catch errors, prevent overpayments, and detect fraud with three-way matching.
Instant cross-checks
The system lines up POs, invoices, and receipts automatically.
Catch billing tricks
Get notifications about duplicate charges, wrong quantities, or missing items before they slip through.
Free your AP team
No more manual matching; your team can focus on exceptions instead of routine checks.
You give the green light
The pre-filled invoice follows your approval workflow with set time limits, so everyone knows who acts and when. Review it, approve it, and move on (no chasing, no second-guessing, no wasted time).
USER FEEDBACK
See why finance teams call Precoro the best OCR software for invoices
Looking for a reliable invoice OCR software?
KA
Controller
Hospitality
Navigating through the [3-way match accounts payable] software feels like second nature. The user interface is clean, intuitive, and beautifully designed. From requisition to approval to invoicing, every step flows seamlessly, saving us valuable time and resources. Post-implementation support has also been outstanding.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget and make solid and on time decisions. The 3 way document match of the PO, Goods Received Note and the Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, Approvals done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
VU
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
MA
Group Procurement Supervisor and Broker
Telecommunications
For a while now, Precoro has performed excellently well, especially in matching invoices with orders and receipts. I can now assure anyone that Precoro is a secure and reliable [3-way match accounts payable] software.
AR
CFO
Sports
We did not have a procurement process or ability to approve invoices in a systematic way. This is no longer a problem for us [with the invoice OCR software]. We also didn't have a great way to measure budget vs actual spend on our construction projects. Precoro has provided us with an uplift in that respect.
RP
Senior Executive Student Recruitment
1000+ employees
It's so simple to use, and the interface is very easy. We can easily find any invoice [in the 3-way match procurement system]. It shows the proper update when we have uploaded the invoice and the status of the invoice. It's one of the best [accounts payable OCR] software which I have used to date.
SL
Workplace Experience Manager
Packaging and Containers
In the short time we have implemented Precoro, it has streamlined our procurement process. We love the transparency it brings to the team and accountability on team members. Being able to link it to QBO has also made it easier for our finance team to reconcile invoices and payments.
MC
51-1000 employees
The best thing about Precoro is that it allows us to track invoices in a centralized environment. The integration with NetSuite helps us streamline invoice approvals and removes the need for constant emailing between accounting and various departments regarding invoice questions and approvals.
II
Senior Accountant
51-1000 employees
From my accounting perspective, as Senior Accountant, Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. It [the accounts payable OCR software] has good integrations and accurate invoice matching, it helps minimizing errors and saves time on reconciliation periods. Precoro is easy to implement, backed by responsive customer support, and designed for frequent use, making procurement seamless and efficient.
KA
Controller
Hospitality
Navigating through the [3-way match accounts payable] software feels like second nature. The user interface is clean, intuitive, and beautifully designed. From requisition to approval to invoicing, every step flows seamlessly, saving us valuable time and resources. Post-implementation support has also been outstanding.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget and make solid and on time decisions. The 3 way document match of the PO, Goods Received Note and the Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, Approvals done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
VU
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
MA
Group Procurement Supervisor and Broker
Telecommunications
For a while now, Precoro has performed excellently well, especially in matching invoices with orders and receipts. I can now assure anyone that Precoro is a secure and reliable [3-way match accounts payable] software.
AR
CFO
Sports
We did not have a procurement process or ability to approve invoices in a systematic way. This is no longer a problem for us [with the invoice OCR software]. We also didn't have a great way to measure budget vs actual spend on our construction projects. Precoro has provided us with an uplift in that respect.
RP
Senior Executive Student Recruitment
1000+ employees
It's so simple to use, and the interface is very easy. We can easily find any invoice [in the 3-way match procurement system]. It shows the proper update when we have uploaded the invoice and the status of the invoice. It's one of the best [accounts payable OCR] software which I have used to date.
SL
Workplace Experience Manager
Packaging and Containers
In the short time we have implemented Precoro, it has streamlined our procurement process. We love the transparency it brings to the team and accountability on team members. Being able to link it to QBO has also made it easier for our finance team to reconcile invoices and payments.
MC
51-1000 employees
The best thing about Precoro is that it allows us to track invoices in a centralized environment. The integration with NetSuite helps us streamline invoice approvals and removes the need for constant emailing between accounting and various departments regarding invoice questions and approvals.
II
Senior Accountant
51-1000 employees
From my accounting perspective, as Senior Accountant, Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. It [the accounts payable OCR software] has good integrations and accurate invoice matching, it helps minimizing errors and saves time on reconciliation periods. Precoro is easy to implement, backed by responsive customer support, and designed for frequent use, making procurement seamless and efficient.
KA
Controller
Hospitality
Navigating through the [3-way match accounts payable] software feels like second nature. The user interface is clean, intuitive, and beautifully designed. From requisition to approval to invoicing, every step flows seamlessly, saving us valuable time and resources. Post-implementation support has also been outstanding.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget and make solid and on time decisions. The 3 way document match of the PO, Goods Received Note and the Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, Approvals done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
VU
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
MA
Group Procurement Supervisor and Broker
Telecommunications
For a while now, Precoro has performed excellently well, especially in matching invoices with orders and receipts. I can now assure anyone that Precoro is a secure and reliable [3-way match accounts payable] software.
AR
CFO
Sports
We did not have a procurement process or ability to approve invoices in a systematic way. This is no longer a problem for us [with the invoice OCR software]. We also didn't have a great way to measure budget vs actual spend on our construction projects. Precoro has provided us with an uplift in that respect.
RP
Senior Executive Student Recruitment
1000+ employees
It's so simple to use, and the interface is very easy. We can easily find any invoice [in the 3-way match procurement system]. It shows the proper update when we have uploaded the invoice and the status of the invoice. It's one of the best [accounts payable OCR] software which I have used to date.
SL
Workplace Experience Manager
Packaging and Containers
In the short time we have implemented Precoro, it has streamlined our procurement process. We love the transparency it brings to the team and accountability on team members. Being able to link it to QBO has also made it easier for our finance team to reconcile invoices and payments.
MC
51-1000 employees
The best thing about Precoro is that it allows us to track invoices in a centralized environment. The integration with NetSuite helps us streamline invoice approvals and removes the need for constant emailing between accounting and various departments regarding invoice questions and approvals.
II
Senior Accountant
51-1000 employees
From my accounting perspective, as Senior Accountant, Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. It [the accounts payable OCR software] has good integrations and accurate invoice matching, it helps minimizing errors and saves time on reconciliation periods. Precoro is easy to implement, backed by responsive customer support, and designed for frequent use, making procurement seamless and efficient.
KA
Controller
Hospitality
Navigating through the [3-way match accounts payable] software feels like second nature. The user interface is clean, intuitive, and beautifully designed. From requisition to approval to invoicing, every step flows seamlessly, saving us valuable time and resources. Post-implementation support has also been outstanding.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget and make solid and on time decisions. The 3 way document match of the PO, Goods Received Note and the Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, Approvals done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
VU
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
MA
Group Procurement Supervisor and Broker
Telecommunications
For a while now, Precoro has performed excellently well, especially in matching invoices with orders and receipts. I can now assure anyone that Precoro is a secure and reliable [3-way match accounts payable] software.
AR
CFO
Sports
We did not have a procurement process or ability to approve invoices in a systematic way. This is no longer a problem for us [with the invoice OCR software]. We also didn't have a great way to measure budget vs actual spend on our construction projects. Precoro has provided us with an uplift in that respect.
RP
Senior Executive Student Recruitment
1000+ employees
It's so simple to use, and the interface is very easy. We can easily find any invoice [in the 3-way match procurement system]. It shows the proper update when we have uploaded the invoice and the status of the invoice. It's one of the best [accounts payable OCR] software which I have used to date.
SL
Workplace Experience Manager
Packaging and Containers
In the short time we have implemented Precoro, it has streamlined our procurement process. We love the transparency it brings to the team and accountability on team members. Being able to link it to QBO has also made it easier for our finance team to reconcile invoices and payments.
MC
51-1000 employees
The best thing about Precoro is that it allows us to track invoices in a centralized environment. The integration with NetSuite helps us streamline invoice approvals and removes the need for constant emailing between accounting and various departments regarding invoice questions and approvals.
II
Senior Accountant
51-1000 employees
From my accounting perspective, as Senior Accountant, Precoro system simplifies procurement for my team by automating purchase approvals and budget tracking, ensuring compliance and financial control. It [the accounts payable OCR software] has good integrations and accurate invoice matching, it helps minimizing errors and saves time on reconciliation periods. Precoro is easy to implement, backed by responsive customer support, and designed for frequent use, making procurement seamless and efficient.
Top choice among procurement professionals
Our 3-way match software has your back on every invoice
Precoro is the best OCR software for invoice processing and detecting questionable data. Your AP department is always notified in time.
An inbox overflowing with documents
Hundreds of invoices flood your email? Precoro pre-fills them automatically, so your AP team can keep up without working overtime.
Suspicious or unknown invoices
Our accounts payable OCR software verifies every invoice against existing POs to block any unauthorized or fraudulent charges.
Incorrect prices and totals
Are you wondering where the total in the supplier invoice came from? The AP team will know immediately thanks to the procurement 3-way match.
Missing or duplicate items
Are any items missing or listed twice on the invoice? Our 3-way match software will check the PO and the receipt to confirm.
Inaccurate volume or damaged items
Is something wrong with the delivery? We’ll compare the receipt to the purchase order and let you know!
Duplicated documents
Has the vendor sent the invoice twice? No worries, our accounts payable 3-way match software will automatically notify you, so the AP team only pays once.
Your shortcut to a mature, high-performing procurement strategy
Download the free guide and get a complete toolkit to build a strong, scalable procurement function.
Guide • Procurement
Inside the guide:
- Core principles of successful procurement management.
- Ready-to-use strategy framework + free template to build a clear action plan.
- Step-by-step instructions, from shaping your strategy to choosing the right tools.
- KPIs and metrics to track and improve performance.
- Best practices tested by procurement teams across industries.
PROCUREMENT FULLY COVERED
Precoro offers more than just three-way matching
Procurement 3-way match and OCR are just one piece of the puzzle. With Precoro, you get one place to handle purchase orders, receipts, budgets, and even supplier integrations.
Requesting
Every purchase starts with a request, and Precoro makes sure it’s handled right. Employees can easily submit purchase requisitions with forms tailored to their departments, projects, or locations. Documents automatically go to the right approvers without delays and confusion. Once approved, requests are converted into POs in one click, so everything is tied together for a seamless 3-way invoice match later.
Purchase order management
Before invoices hit your desk and you can perform a 3-way match, purchase orders need to go out. Precoro makes it easy to create POs with customizable templates that fit your workflows (you can use dynamic forms, custom fields, and drop-downs). Set up an approval workflow, send the purchase order to your supplier in a few clicks, and wait for the delivery.
Budget control
No more guessing which budget will cover what. Our 3-way match AP system tags every request, purchase order, and invoice to the right department, project, or location. Teams see their budgets in real time, so they know exactly what’s left to spend. You can even set spending limits that block over-budget POs before they affect your finances.
Receipt and stock tracking
Once your goods arrive, log the receipt in Precoro and route it for approval if needed. Our receipt OCR software links it back to the original PO and invoice, so you can confirm everything lines up with the procurement 3-way match. Plus, with Precoro’s inventory tracking, you’ll get alerts when supplies are running low, which means no more out-of-stock surprises.
Supplier management
Keep all your vendor details, certifications, and contracts in one place. Suppliers get visibility too: they can view POs, upload invoices, check statuses, and even edit their product catalogs directly in Precoro’s Supplier Portal. Our accounts payable 3-way match software makes interactions smooth for you and transparent for them.
Reporting
Why chase data when you can see it all in one place? Precoro lets you slice and dice your procurement information however you like: by supplier, item, budget, location, and more. Build custom reports and supercharge your analytics with Power BI integration for interactive dashboards that show you the full picture.
DATA SYNC
3-way match procurement software built for seamless integrations
If you’re tired of bouncing between tools, retyping the same data, and fixing mismatches, Precoro makes syncing your procurement, finance, and accounting effortless. Your systems stay connected, and your teams are always on the same page.
Need something custom?
Use our API or let Precoro build a tailored integration for you.
BENEFITS THAT MATTER
Looking for the best OCR software that doesn’t require an IT degree?
Precoro is designed to be fast to implement and easy to use. Learn how we make procurement workflows simpler, not more complicated.
Launch without IT support
Most teams are up and running in just 2-8 weeks. Precoro doesn’t require IT involvement or long training sessions. Our accounts payable 3-way match software is quick to set up and easy to use from the get-go.
Manage all entities together
Stop juggling separate systems for each location, department, or project. Precoro brings all your procurement processes together, so you can manage purchases, budgets, approvals, and suppliers across all business units with total visibility and control.
Adjust to your needs
Our 3-way match procurement platform lets you fully customize roles, approval workflows, documents, and budgets to mirror your team’s unique way of working. Instead of forcing you into a one-size-fits-all system, it adapts to your processes.
Mobile procurement control
Use our dedicated mobile app to easily handle purchase requests, track orders, approve invoices, and submit expenses on the go. With 3-way match software at your fingertips, you stay in complete control wherever you are.
Data safety guaranteed
Our 3-way match procurement software safeguards your sensitive information with strict role-based permissions, comprehensive audit trails, and full compliance with GDPR, SOC 2, and HIPAA.
FAQ
Answering your questions about the 3-way match in procurement
ALL THE DETAILS
Learn more about our invoice OCR software
Explore how Precoro fits the needs of different industries and company sizes. Moreover, see what makes our procurement 3-way match platform unique compared to other systems.
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.
Precoro vs. Procurify
Compare the features and ratings of Precoro and Procurify to find out which best suits your needs.
Precoro vs. Tipalti
Find out how Precoro and Tipalti compare with a full feature overview.
Precoro vs. Coupa
See what Precoro and Coupa have to offer for businesses of various sizes.
Precoro vs. Zip
Delve into how Precoro and Zip address procurement challenges for companies with different needs.
Precoro vs. Order.co
Explore the key differences in value and functionality between Precoro and Order.co.
See how Precoro fits into your team's workflows
See how Precoro fits into your team's workflows
