Let our AI procurement platform do the heavy lifting
Save time on invoice processing and ensure accuracy in documents with our artificial intelligence procurement software with machine learning (ML) capabilities.
Stop wasting time on repetitive work
AI automatically fills in the fields based on the user’s previous choices of supplier, billing address, and tax settings, helping AP avoid repetitive tasks. On top of that, our AI procurement solution can pull custom item fields from item and supplier catalogs, so your team never has to re-enter the same info.
Always stay in the loop
You will receive emails as soon as our AI-powered OCR processes invoices and drafts are ready for review.
See how our AI procurement software can make your job easier
From uploading the supplier invoice to drafting the document in the system, our AI/ML procurement platform can help you with every step of the invoice processing.
Seamless invoice registration
When your supplier sends an invoice, all you need to do is upload it to our AI procurement software or enable redirection to the AP inbox and the invoice will automatically show up in Precoro. For accurate OCR, Precoro uses Google’s custom extractor with generative AI. It instantly pulls the details you need from the uploaded document and creates a ready-to-review, prefilled invoice in the system. We provide the precision you can count on!

Invoice verification process
Our AI/ML procurement software can solve the problem of paying fraudulent or duplicate invoices once and for all. If you create and manage purchase orders (POs) in Precoro, our procurement AI tool can then automatically match invoices to the corresponding POs in the 2-way matching process. Precoro uses the rules you set, like SKU, line description, prices, gross total, and more. On top of that, if you also record receipts, Precoro adds an extra layer of protection in a 3-way matching process to prevent costly mistakes.

The invoice approval process
Invoices get reviewed faster than ever with automated data entry and matching. Once the invoice is ready for review, your team will get instant email alerts — no delays, no hassle. In our AI procurement solution, you can set up custom approval processes that fit your needs. Your procurement and AP teams will have the flexibility to create different workflows based on approval thresholds, projects, locations, and more.

Payment execution and record keeping
Stay ahead of payment deadlines and maximize your savings with our AI/ML procurement technology. Monitor invoice statuses in real time and never miss an opportunity for early payment discounts. The AP team can easily track payment history, with all payments securely stored for quick access and future audits in our AI procurement software.

Reporting
Finally, financial teams will need accurate reports on paid invoices, outstanding balances, and other key metrics. And our AI/ML procurement software delivers just that. Create custom reports based on dates, locations, suppliers, items, budgets, custom fields, and more. On top of that, use our integration with Power BI to create interactive reports on your supplier invoice data.

Wanna know why our AI procurement technology is superior?
Precoro’s partnership with Google takes OCR to new heights. With Google’s custom extractor and generative AI, we don’t just scan documents — we extract data to streamline your invoice processing in the procurement software. Learn how our procurement AI tool outperforms standard OCR.
Unprecedented accuracy with contextual understanding
We train the AI model with your sample docs, ensuring it understands the preferred structures of your standard documents. Therefore, the AI processor never misses important data, including tax rates and amounts. Our AI procurement software pulls invoice details with absolute precision.

Continuous improvement
Our OCR gets smarter with each new document as it learns and adapts to your unique document formats, reaching 95%+ accuracy after just 50 invoices. This means fewer manual corrections and faster processing times for your procurement workflows — thanks to our artificial intelligence procurement software!

Default settings memory
Our AI procurement platform automatically fills in invoice details like supplier data, billing address, payment terms, and tax settings, based on what users chose earlier. The system also pulls item details from your Precoro catalogs, so your AP team doesn’t have to enter the same info repeatedly.

Multilingual recognizing capabilities for global teams
Our AI procurement software is ideal for businesses working with international suppliers and teams operating across multiple regions. The system supports English, German, Spanish, and French, and our OCR technology can process invoices in several other languages, such as Turkish, Norwegian, Dutch, Bulgarian, and Chinese. We can even train the system to handle invoices in additional languages.

Our AI procurement software will seamlessly fit into your tech stack
Precoro integrates with top ERP and accounting systems, as well as punchout catalogs, to make your procurement faster and your financials spot-on. Got another system in mind? You can connect it to Precoro via an API.

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

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.

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

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

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.
Besides superb functionality, our AI procurement software offers the following benefits

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.
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