The best invoice approval software for 3.5x faster approvals
Tired of slow approvals and manual errors? Our AP invoice approval software can help you achieve lightning-fast invoice processing. Gain full visibility into every invoice, pay only for verified bills, and increase your AP team’s efficiency.
Superb functionality and user love translate into awards
Nothing will streamline your AP process like robust bill approval software
Precoro minimizes the manual work and offers you a clear view of every invoice. That way, you can handle cash flow smoothly and keep your suppliers happy without the hassle.
Speed up approvals
Get those invoices approved fast with automatic routing that dodges bottlenecks and keeps cash flowing. No more chasing employees for signatures — just peace of mind and smooth digital approvals with automated notifications.
Sync up instantly
Get everyone on the same page about invoice processing with Precoro’s integrations. Ensure real-time updates across procurement, ERP, and accounting tools. No more hunting for info; our online invoice approval software ensures smooth data transfer with a variety of business tools.
Spot fraud and errors
Cut down on payment errors by stopping duplicate or fraudulent invoices in their tracks. Use our invoice authorization software to automatically match invoices to purchase orders and receipts.
Get instant visibility
Stay in the loop with real-time status updates in our invoice approval software. You can track invoices and have a clear understanding of their statuses at all times.
Be audit-ready anytime
Our cloud-based invoice approval software makes sure you’re always ready for quick checks and detailed audits. With easy access to all your documents, you’ll save time, reduce stress, and stay one step ahead when it comes to compliance.
Avoid late fees
Ensure timely payments every single time and strengthen your supplier relationships. With reliable invoice approval software like Precoro, you’ll boost your reputation and trust with suppliers. It’s the way to better contract terms and collaboration down the line.
See how our invoice approval software simplifies the work
Precoro can make every step of your invoice processing easy.
Receiving and recording an invoice with AI-powered OCR
When your supplier sends an invoice, all you need to do is upload it to our invoice scanning and approval software. Precoro uses AI-enhanced OCR technology that accurately extracts the information and creates the prefilled invoice in the system. If your vendor uses our Supplier Portal, they can send invoices directly to you in Precoro.
Verifying the invoice
Our invoice authorization software can solve your problem with paying fraudulent or duplicate invoices once and for all. Precoro automates the 3-way matching and cross-references the purchase order, receipt, and invoice to verify that the supplier’s invoice is authentic.
Approving the invoice
AP managers can create custom approval workflows with as many steps as they need. It’s even possible to create different processes based on factors like the amount or location. Approvers receive instant notifications in our invoice approval workflow software and via email when a new document awaits review.
Processing for payment
It’s easy to monitor invoice statuses and be ahead of payment deadlines with our invoice approval software. The AP team has the history of executed payments securely stored in the system and can use this information for future analysis and audits.
Precoro is more than just an online invoice approval system
We built the invoice approval software with the understanding that invoice processing is just one piece of the larger procurement puzzle. That’s why you can also use Precoro to manage your purchase orders, receipts, and budgets.
Purchase order management
Before a supplier sends an invoice, a buyer first issues a purchase order to request goods. With Precoro, you can quickly create purchase orders using customizable templates with fields and drop-down menus tailored to your needs. Then, set up an approval workflow and be ready to send the PO to the supplier in just a few clicks. Plus, when you manage purchase orders in Precoro, you can enable automatic two- or three-way matching. The system then cross-references receipts and invoices with purchase orders to make sure everything lines up, saving you time and reducing errors.
Budget control
When you issue a purchase order and process an invoice, be sure to specify which budget will cover them. That way, the AP team won’t have to sort it out later. Your teams can create separate budgets for different departments, projects, or locations in our bill approval software, giving you better control over spending. Plus, with Precoro, you get real-time visibility into your available budgets. To keep things in check and eliminate invoices that get way over your budget, you can set up spending limits in the system and automatically reject any purchase orders that go over them.
Receipt and stock tracking
After receiving the ordered goods, create receipts in Precoro and set up an approval process for them if needed. This functionality not only completes the order lifecycle but also lets you cross-check the receipt with the related invoice and purchase order, making sure everything you ordered was delivered. Plus, with Precoro’s inventory module, you’ll get handy alerts when supplies are running low, so you can jump on new purchases right away!
Supplier management
Store not just supplier invoices but also supplier info, certificates, and procurement contracts in our electronic invoice approval software. With Precoro, you can boost your credibility and provide your suppliers with clear visibility into invoice processing via the Supplier Portal. Suppliers can receive your purchase orders, send in invoices, keep tabs on their statuses, and chat with you about any details directly in the comments section!
Reporting
With Precoro, you can not only manage all your procurement documents but also analyze them right there. When it comes to invoices, you can easily create custom reports based on dates, locations, suppliers, items, budgets, custom fields, and more. Plus, our accounts payable invoice approval software integrates with Power BI. Take advantage of Power BI’s extensive capabilities to filter, format, and visualize your procurement data, creating an endless array of interactive reports to help you make sense of it all!
Our invoice approval software will be a perfect addition to your tech stack
Precoro offers a wide range of integrations with best-in-class ERP, accounting, and other business tools. And if you need to hook up something new, no problem! You can easily set up a custom integration with 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.
Check out what users have to say about our invoice approval software
The best features, intuitive modules, and a supportive team come together to transform the way you manage invoice approvals and other procurement tasks. Discover why teams all around the world love Precoro.
Get a closer look at invoice management
We created this video to walk you through the ins and outs of invoice processing. See how invoice approval software can boost invoice route transparency, save time, and cut costs for your company!
Frequent questions about invoice verification and approval
What is the most common method for invoice verification?
How can you approve invoices in Precoro?
Can a vendor invoice be approved by more than one person?
What is the invoice approval threshold?
How do you automate invoice processing?
Discover more about invoice management practices
Swing by our blog for tips on how to improve your invoice management process and choose the right bill approval software.
Learn more about our purchase invoice approval software
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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
Streamline your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
Vendor Management
Build better relationships with vendors and get better deals. Check out how Precoro streamlines onboarding, evaluating, tracking, and collaborating with vendors.
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.
See how Precoro fits into your team's workflows
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