AI contract management software that turns negotiated contracts into controlled spend
850+ ratings across the web
Stay on top of agreements with automated contract management software
Signed a contract? Now make sure teams actually use it. Precoro, a contract automation software, handles that part for you.
Stop playing hide-and-seek with your contracts. Our contract management platform centralizes agreements and connects them to related POs, invoices, and supplier info.
See exactly which transactions follow agreed terms. With Precoro’s contract management solution, you can check the details against the original agreement.
Never get caught off guard by renewals. Our contract lifecycle management software notifies you from 30 to 180 days in advance. Your team has enough time to review and renew on their terms.
Vendors can submit invoices, update catalogs, and respond to RFPs in a dedicated Supplier Portal. Swap emails for a contract management tool with a history of every interaction.
Get answers about spend in seconds with AI contract management software. Ask questions about contract compliance, budgets, or trends and dig straight into the numbers that matter.
Precoro’s AI is expanding to contracts. Upload a contract, and AI will extract key fields and summarize the terms. Need more detail? Ask AI and get an answer with a citation back to the source.
The best contract management platform is the one that solves real problems
We built Precoro to deal with the pain points your procurement team has to deal with every day.
Teams sign the agreement but don’t follow it. Employees buy off-contract and pay more for items you already negotiated because these terms aren’t embedded directly into the process.
Precoro links every contract to POs and invoices, so its terms are part of the purchase. Approvals and role-based permissions keep decision-making in the right hands within contract management software.
Contracts break down at the visibility level without AI contract management software. Employees simply don’t see the contract when submitting a PO. The invoice arrives with the wrong rate, and you pay more than negotiated.
Once linked, the contract number appears on every related PO and invoice. Item catalogs and PunchOuts in our contract management software steer the buyers towards the suppliers with negotiated pricing.
An audit hits, and your team has to piece together records from different vendor and contract management software. Even basic questions, like who requested the purchase or which terms were applied, take hours to answer. Reports lack the data you need.
Every PO, receipt, invoice, and approval is part of the same record in the contract management platform. Track every change in the revision log, run custom reports across 150+ data points, and get instant answers from the AI Assistant.
The contract has a spending cap, but no one monitors it with a contract tracking software solution. Purchases continue coming in until the team finally notices that the budget has already been exceeded.
Track the impact of every PO and invoice on the contract total in the contract management solution and see how much of it’s already consumed. If a purchase exceeds the agreed limit, you get an automatic alert.
Once the number of agreements grows, your team doesn’t clearly see which contracts are close to their limit, which ones already need attention, and which they can use for purchases.
Contract lifecycle management software stores agreements in one place and keeps all of them organized with filters, custom fields, notes, and attachments. Outdated contract? Deactivate it with a click and work only with relevant agreements.
CUSTOMER STORIES
The numbers behind our contract management tool
See the difference our AI contract management software made for teams worldwide.
7x faster month-end close
When I first joined the company, my month-end close would take about a month. I cleaned up the processes and got it to two weeks. Since introducing Precoro, though, I am able to complete month-ends in a couple of days.
— Daniel Chen, Financial Analyst
0% error rate, down from 30%
The process became much faster when we began having at least one person from every department use the system. Response rate significantly increased, and tasks are assigned efficiently now.
— Bachir Saadeddine, Finance Director
95% adoption across employees and leadership
The outcome has been extremely positive. If anyone spends any school finances, it is captured in Precoro; that's our policy moving forward. Not only that, this works extremely well for auditing purposes.
— Business Project Lead
50 + branches with centralized P2P process
As we got more and more comfortable with Precoro, we realized that, really, it was very easy to use. Within a short time of interacting with the system, pretty much every user becomes quite comfortable with it.
— Rajen Satish Shah, I&M Finance Manager
12 locations with full spend control
I would recommend Precoro for medium-sized businesses that are looking to centralize procurement operations across multiple entities.
— Barend Liebenberg, Procurement Manager
$100K in annual ERP license savings
Precoro has also helped us from a control perspective, which we didn't really do before. We're happy to move away from our homegrown tool and NetSuite to Precoro, where we can now manage budgets easily.
— Bryan Krauter, Accounting Director
90% time saved on invoicing
Some systems include a full range of services. For example, Microsoft Excel can perform a thousand operations, but maybe I use only three of them. With Precoro, we're paying for what we need rather than for many things we don't need.
— Andrew Jefferson, COO
76% YoY growth
It’s very intuitive, and even if somebody has never worked with such software, they learn very fast.
— Jacek Zmuda, Controlling Manager
FULL CONTROL
See what else is possible with Precoro
Contract management software is typically limited to storage. Precoro goes beyond that and helps control every stage of procurement.
Set budgets that hold the line
Create budgets by team, project, department, or cost center that match how your company actually works. Once you set spending limits, our contract automation software blocks overspending when a user tries to create a request or PO that exceeds the amount. Track used, reserved, and available funds in real time before any order is approved. If any money remains unspent, roll it into the next period with a single click.
Guide every request
Capture needs before placing an order. With the AI-powered capture and guided intake, employees create requests without missing key details thanks to conditional and mandatory fields. Catalogs and PunchOuts help them choose only from pre-approved items and suppliers. After submission, the automated contract management solution routes each request to the right approver based on your workflow.
Keep every order under control
Convert approved requests into purchase orders or create them from scratch. You can also combine several requests into a single PO when they go to the same supplier. Set approval workflows based on department, location, project, or budget, so orders go to the right people. Match POs against invoices and receipts, and see all related documents in our contract management system.
Always know what you have in stock
Set up warehouses and control who can access and manage stock within your contract tracking software. Teams can request items from existing inventory instead of purchasing without checking what’s already available. Precoro helps you stay ahead of stockouts with automatic low-stock alerts and allows you to transfer items between warehouses.
Centralize supplier data
Use Precoro as contract management software for legal departments that need to monitor supplier agreements. Track supplier activity across entities and use that data to spot duplicate vendors and stronger negotiation opportunities. Suppliers can also update catalogs, submit invoices, and respond to RFPs through the Supplier Portal. Your team deals with fewer email chains, while suppliers know exactly who to contact in a single contract lifecycle management software.
Pay invoices with full confidence
Entering invoice data by hand leaves too much room for mistakes. AI contract management software prevents them and handles repetitive work for you. Precoro uses AI-powered OCR to extract key information and performs 3-way matching to spot duplicates or mismatches before payment. Since each invoice is connected to the related purchasing data, you can quickly confirm what it’s for and whether it matches the contract.
Expense reimbursements without follow-ups
Stop going back and forth on expense details and approve faster with AI contract management software. Users can create expenses manually or upload receipts and let Precoro’s AI automatically generate drafts with recognized data. Expenses are routed to the right approver and land in your inbox with full context. Employees receive their reimbursements faster, and you get more time for strategic work.
Reports based on the data you need
Get a helicopter view of what your company spends in our contract management solution. Use preset reports or build custom ones with 150+ data points based on the metrics your team tracks. Filter results by supplier, document type, status, dates, and more, then run the report in a few clicks. Export the data to XLSX or Google Sheets when you need to share or use it outside the contract management software.
YOUR STACK IN SYNC
Updated supplier information across every tool you use
Our contract lifecycle management software plugs right into your existing tools, whether it’s legacy ERPs or modern accounting solutions. Keep all your teams on the same page and cut manual entry at the root.
Need something custom?
Use our API or let Precoro build a tailored integration for you.
TRUST BUILT OVER TIME
What mid-sized companies love about our contract management software
See what our customers have to say and why many consider Precoro one of the best contract management software options.
AH
Engineering Manager
51-1,000 emp.
Precoro solves the issue of managing purchase orders and requisitions in a streamlined and organized way. The tool simplifies the approval process, making it faster and more efficient. This has been especially beneficial for contract renewals, as I can easily track requests and approvals without confusion [in contract management software for legal departments].
VU
Small-Business (50 or fewer emp.)
The [contract management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent! With Precoro’s single unified [contract management] platform, we can manage and control all spend in one place. I sincerely appreciate our transparent, results-focused partnership with Precoro.
AM
General Manager
Individual & Family Services
“[I liked] the efficiency of a paperless process. Saves on time and money. Precoro [contract management software for legal departments] was easily adapted to our business model, making it an enjoyable change in the way we work with Purchase and Service Orders.”
NL
Assessment Coordinator
Education Management
I use Precoro regularly to upload contracts to submit to our finance team for review and for tracking purchasing. The organization and reports in [contract management software] Precoro have been a game-changer. It makes tracking spending so much easier. I really like that it shows what percentage of our budget we have spent so far.
LB
Head of Finance
Financial Services
Very happy with the product, which provides supreme efficiency and robustness for workflow approvals and purchasing management. The workflow setup [of the legal contract management software] has been well thought out, we are benefiting from greater speed in the approval processes and robustness in retaining payments and contract documentation.
GM
CEO
Farming
We had several [contract management] systems, but they were disjointed and didn’t allow for a comprehensive view of spend or enforce compliance. We still lacked overall business spend data and information around contracts to make strategic decisions quickly. Precoro’s efficient solution plus hard work from our team has resulted in significant time savings. The PR to PO process now takes less than a day.
LK
Senior Finance Manager
51-1,000 emp.
The budget-tracking capability, together with the approval workflow [in the contract lifecycle management software], reduces the need for manual tracking and makes the process much easier. We can store all supporting documents in one place, and audits become a breeze. Precoro’s continuous development, after taking our input into account, has improved the overall user experience. It [contract tracking software] is easy to use, and the logical input screens make integration and implementation smoother.
JW
Director of Risk Management
51-1,000 emp.
In the past, I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage [in contract lifecycle management software].
AS
Head of IT
Mechanical or Industrial Engineering
We went from signing the contract to go-live in 15 days. Integrations are easy to set up, the implementation consultant helped us get bulk data imported into our account in time for go-live and made sure our go-live was a success.
Director of Procurement
Marketing and Advertising
Overall, with the functionality available, Precoro has been rock solid. They always get back to me when I call or email, what more could I ask for? Great people within the company as well. We like that we're able to track a job's budget in place, as well as being able to see all documents related to a specific purchase in [contract management software].
AH
Engineering Manager
51-1,000 emp.
Precoro solves the issue of managing purchase orders and requisitions in a streamlined and organized way. The tool simplifies the approval process, making it faster and more efficient. This has been especially beneficial for contract renewals, as I can easily track requests and approvals without confusion [in contract management software for legal departments].
VU
Small-Business (50 or fewer emp.)
The [contract management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent! With Precoro’s single unified [contract management] platform, we can manage and control all spend in one place. I sincerely appreciate our transparent, results-focused partnership with Precoro.
AM
General Manager
Individual & Family Services
“[I liked] the efficiency of a paperless process. Saves on time and money. Precoro [contract management software for legal departments] was easily adapted to our business model, making it an enjoyable change in the way we work with Purchase and Service Orders.”
NL
Assessment Coordinator
Education Management
I use Precoro regularly to upload contracts to submit to our finance team for review and for tracking purchasing. The organization and reports in [contract management software] Precoro have been a game-changer. It makes tracking spending so much easier. I really like that it shows what percentage of our budget we have spent so far.
LB
Head of Finance
Financial Services
Very happy with the product, which provides supreme efficiency and robustness for workflow approvals and purchasing management. The workflow setup [of the legal contract management software] has been well thought out, we are benefiting from greater speed in the approval processes and robustness in retaining payments and contract documentation.
GM
CEO
Farming
We had several [contract management] systems, but they were disjointed and didn’t allow for a comprehensive view of spend or enforce compliance. We still lacked overall business spend data and information around contracts to make strategic decisions quickly. Precoro’s efficient solution plus hard work from our team has resulted in significant time savings. The PR to PO process now takes less than a day.
LK
Senior Finance Manager
51-1,000 emp.
The budget-tracking capability, together with the approval workflow [in the contract lifecycle management software], reduces the need for manual tracking and makes the process much easier. We can store all supporting documents in one place, and audits become a breeze. Precoro’s continuous development, after taking our input into account, has improved the overall user experience. It [contract tracking software] is easy to use, and the logical input screens make integration and implementation smoother.
JW
Director of Risk Management
51-1,000 emp.
In the past, I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage [in contract lifecycle management software].
AS
Head of IT
Mechanical or Industrial Engineering
We went from signing the contract to go-live in 15 days. Integrations are easy to set up, the implementation consultant helped us get bulk data imported into our account in time for go-live and made sure our go-live was a success.
Director of Procurement
Marketing and Advertising
Overall, with the functionality available, Precoro has been rock solid. They always get back to me when I call or email, what more could I ask for? Great people within the company as well. We like that we're able to track a job's budget in place, as well as being able to see all documents related to a specific purchase in [contract management software].
AH
Engineering Manager
51-1,000 emp.
Precoro solves the issue of managing purchase orders and requisitions in a streamlined and organized way. The tool simplifies the approval process, making it faster and more efficient. This has been especially beneficial for contract renewals, as I can easily track requests and approvals without confusion [in contract management software for legal departments].
VU
Small-Business (50 or fewer emp.)
The [contract management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent! With Precoro’s single unified [contract management] platform, we can manage and control all spend in one place. I sincerely appreciate our transparent, results-focused partnership with Precoro.
AM
General Manager
Individual & Family Services
“[I liked] the efficiency of a paperless process. Saves on time and money. Precoro [contract management software for legal departments] was easily adapted to our business model, making it an enjoyable change in the way we work with Purchase and Service Orders.”
NL
Assessment Coordinator
Education Management
I use Precoro regularly to upload contracts to submit to our finance team for review and for tracking purchasing. The organization and reports in [contract management software] Precoro have been a game-changer. It makes tracking spending so much easier. I really like that it shows what percentage of our budget we have spent so far.
LB
Head of Finance
Financial Services
Very happy with the product, which provides supreme efficiency and robustness for workflow approvals and purchasing management. The workflow setup [of the legal contract management software] has been well thought out, we are benefiting from greater speed in the approval processes and robustness in retaining payments and contract documentation.
GM
CEO
Farming
We had several [contract management] systems, but they were disjointed and didn’t allow for a comprehensive view of spend or enforce compliance. We still lacked overall business spend data and information around contracts to make strategic decisions quickly. Precoro’s efficient solution plus hard work from our team has resulted in significant time savings. The PR to PO process now takes less than a day.
LK
Senior Finance Manager
51-1,000 emp.
The budget-tracking capability, together with the approval workflow [in the contract lifecycle management software], reduces the need for manual tracking and makes the process much easier. We can store all supporting documents in one place, and audits become a breeze. Precoro’s continuous development, after taking our input into account, has improved the overall user experience. It [contract tracking software] is easy to use, and the logical input screens make integration and implementation smoother.
JW
Director of Risk Management
51-1,000 emp.
In the past, I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage [in contract lifecycle management software].
AS
Head of IT
Mechanical or Industrial Engineering
We went from signing the contract to go-live in 15 days. Integrations are easy to set up, the implementation consultant helped us get bulk data imported into our account in time for go-live and made sure our go-live was a success.
Director of Procurement
Marketing and Advertising
Overall, with the functionality available, Precoro has been rock solid. They always get back to me when I call or email, what more could I ask for? Great people within the company as well. We like that we're able to track a job's budget in place, as well as being able to see all documents related to a specific purchase in [contract management software].
AH
Engineering Manager
51-1,000 emp.
Precoro solves the issue of managing purchase orders and requisitions in a streamlined and organized way. The tool simplifies the approval process, making it faster and more efficient. This has been especially beneficial for contract renewals, as I can easily track requests and approvals without confusion [in contract management software for legal departments].
VU
Small-Business (50 or fewer emp.)
The [contract management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent! With Precoro’s single unified [contract management] platform, we can manage and control all spend in one place. I sincerely appreciate our transparent, results-focused partnership with Precoro.
AM
General Manager
Individual & Family Services
“[I liked] the efficiency of a paperless process. Saves on time and money. Precoro [contract management software for legal departments] was easily adapted to our business model, making it an enjoyable change in the way we work with Purchase and Service Orders.”
NL
Assessment Coordinator
Education Management
I use Precoro regularly to upload contracts to submit to our finance team for review and for tracking purchasing. The organization and reports in [contract management software] Precoro have been a game-changer. It makes tracking spending so much easier. I really like that it shows what percentage of our budget we have spent so far.
LB
Head of Finance
Financial Services
Very happy with the product, which provides supreme efficiency and robustness for workflow approvals and purchasing management. The workflow setup [of the legal contract management software] has been well thought out, we are benefiting from greater speed in the approval processes and robustness in retaining payments and contract documentation.
GM
CEO
Farming
We had several [contract management] systems, but they were disjointed and didn’t allow for a comprehensive view of spend or enforce compliance. We still lacked overall business spend data and information around contracts to make strategic decisions quickly. Precoro’s efficient solution plus hard work from our team has resulted in significant time savings. The PR to PO process now takes less than a day.
LK
Senior Finance Manager
51-1,000 emp.
The budget-tracking capability, together with the approval workflow [in the contract lifecycle management software], reduces the need for manual tracking and makes the process much easier. We can store all supporting documents in one place, and audits become a breeze. Precoro’s continuous development, after taking our input into account, has improved the overall user experience. It [contract tracking software] is easy to use, and the logical input screens make integration and implementation smoother.
JW
Director of Risk Management
51-1,000 emp.
In the past, I had to keep hard copies of receipts and do account balancing from piles of invoices/purchase orders/expenses, etc. Precoro keeps everything separate and easy to manage [in contract lifecycle management software].
AS
Head of IT
Mechanical or Industrial Engineering
We went from signing the contract to go-live in 15 days. Integrations are easy to set up, the implementation consultant helped us get bulk data imported into our account in time for go-live and made sure our go-live was a success.
Director of Procurement
Marketing and Advertising
Overall, with the functionality available, Precoro has been rock solid. They always get back to me when I call or email, what more could I ask for? Great people within the company as well. We like that we're able to track a job's budget in place, as well as being able to see all documents related to a specific purchase in [contract management software].
Contract management system top-rated by users
VALUE TESTED BY TIME
What makes our contract management software stand out
Precoro is here for the long haul. Built around the needs of real procurement teams, it gets more valuable the more your business grows.
No steep learning curve
People won’t use contract lifecycle management software that adds extra steps. Precoro is easy to use, even for non-tech-savvy employees. Onboard your entire team in 2–8 weeks and start using the contracts management system immediately.
Secured at every level
Contract and purchasing data is sensitive, and we treat it as such. SOC 2 and GDPR compliance, encryption, role-based access, and audit trails are standard in our automated contract management software.
Complete spend visibility
It’s difficult to manage contracts with data scattered across different contract management tools. In Precoro, advanced dashboards show exactly what’s being bought and at what price. Plan for renewals and negotiate better terms with our contract management software.
AI where you need it
AI contract management software is truly useful when it actually solves a pain point you’ve been dealing with. Precoro uses AI to scan invoices and expenses, get quick answers from the AI Assistant, and flag anomalies before they impact the company’s spend.
Scales across entities
Shape purchasing around the way your teams work with contract lifecycle management software. No matter how many locations you add, Pecoro can scale across them all. Enforce contracted prices when multiple entities buy through the same contract management platform.
FAQ
What to know before choosing contract management software
EXPERT GUIDANCE
Learn how to get more from contract management software
Explore the theory before practice. Browse the blog for practical advice on procurement control and how to get the most out of AI contract management software.
See how Precoro fits into your team's workflows
A personalized demo, built around your team’s challenges, led by experts who understand what matters.
