Procure-to-pay software with tangible business value
Utilize procure-to-pay solution to go from disorganized orders to complete procurement control. With Precoro, all purchases, budgets, vendor catalogs, and spend data will be at your fingertips.Book a Demo
Procure-to-pay solution trusted across multiple industries
Precoro became a custom-fit solution for 1000+ companies all around the globe.
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P2P solution that covers the full purchasing lifecycle
Simplify procurement operations and save both corporate funds and valuable time. With a range of useful features, the procure-to-pay platform helps companies prevent redundant purchases, unauthorized payments, and overspending.
Easy-to-use purchase order templates
Quickly create purchase orders from scratch with drop-down menus and custom fields or convert approved purchase requisitions into POs. With Precoro, you can efficiently group similar orders from different departments and use several requisitions to create one PO.
2-way and 3-way matching
Generate receipts in the system to finalize your order and cross-reference related purchase orders, invoices, and receipts. This practice helps users spot discrepancies between documents and prevent payments for fraudulent or duplicate invoices.
Prevention of out-of-control overspending
Both requesters and approvers can see whether the order is within the budget. Moreover, budget holders can eliminate any possibility of overspending by setting system rules to reject purchase orders exceeding the budget.
Simple document search
Easily find the needed purchasing documents in the system by filtering them based on type, status, department, location, purchaser, supplier, and more. Additionally, when a user opens a document, such as a purchase order, it links to the associated invoice and receipt.
Effective invoice management
Create invoices from scratch, generate them from a purchase order, or convert paper invoices into digital format and let our OCR technology extract key data. Users can even create recurring invoices for regular payments to save time on data entry.
Robust expense reimbursement module
Handle employee reimbursements in the purchasing software to make accounting operations more convenient and transparent. Monitor your company’s spending effectively with all employee expense reports stored in one system.
Straight-to-the-point inventory control
Monitor inventory levels to prevent overstocking or lack of supplies. With Precoro, it’s also possible to create warehouse requests to transfer items between warehouses and from the warehouse to the office. All stock transfers will be displayed in the system.
Collaborative notes and attachments
Discuss purchases and expenses with your colleagues or vendors directly in the purchasing software by leaving individual notes and comments while creating documents.
Precoro vs. a typical P2P solution
Discover what features and capabilities set Precoro apart from the standard procure-to-pay software solutions.
Typical P2P solution
Purchase order managementYes Yes
Approval workflowsYes Yes
Budget controlYes Yes
Invoice automationYes Yes
Purchase requisition moduleIn specific packages Yes
ReportingIn specific packages Yes
Accounting integrationsIn specific packages Yes
Inventory trackingIn specific packages Yes
Supplier managementNo Yes
Item catalogsNo Yes
Contract managementNo Yes
Expense managementNo Yes
Three-way matchingNo Yes
Multicurrency for purchasing documentsNo Yes
Net payment terms in the documentsNo Yes
Free trialNo Yes
Streamline approvals across the company
P2P automation empowers organizations to set up multi-level parallel, or sequential approval workflows for expenses, warehouse requests, purchase requisitions, POs, invoices, and receipts. Furthermore, teams can adopt a completely customizable approach and create unique automated workflows based on departments, locations, projects, and specific sums of money. The system ensures transparency among stakeholders by sending approvers timely notifications via Slack or email about pending documents and by informing requesters upon approval.
Enjoy complete spend control
Allocate budgets for different periods, departments, locations, and projects, while tracking each in real time with a progress bar. With purchasing software, users can see available funds while creating or approving purchase orders or expense reimbursement and thus make sound financial decisions. The procure-to-pay platform also promptly notifies employees when they approach budget limits, providing the visibility necessary for efficient money allocation.
Communicate with suppliers more efficiently
Utilize our customizable registration forms and supplier approval process to onboard new vendors through the system. It’s also possible to create and send requests for proposals to potential suppliers to compare their offers and identify the best provider. Additionally, companies can store their contracts and supplier information in the system and configure email notifications when contracts are due for renewal, minimizing contract-related risks.
Create custom reports
Easily access valuable insights about your POs, invoices, receipts, expenses, payments, and more to make data-driven decisions and optimize your company’s operations. In just a few minutes, users can create reports using 20 filters and 150+ custom fields and then export them into Excel format with one click. This information can be used to analyze spending habits, assess supplier performance, and identify cost-saving opportunities.
Procure-to-pay solution that fits perfectly into your software stack
Eliminate manual data entry and inconsistent data across departments by connecting Precoro directly to your favorite business, accounting, and ERP systems.
What makes Precoro the best procure-to-pay software?
Value for money
Find cost-saving opportunities in the first few months of software usage.
Excellent customer support
Precoro assigns dedicated Customer Success Managers for implementation and continuous support.
At Precoro, companies pay only for the number of users and get unlimited access to all modules, features, and updates.
Ease of implementation
Onboarding takes from 2 weeks to 1 month.
High level of customization
Set up unique user roles, approval workflows, and custom fields for documents and budgets.
We value clients' opinions and implement their suggestions in regular updates to the system.
Learn how you can automate the purchasing process with Precoro
Watch a short video and discover how purchasing software helps procurement teams solve common problems with approval bottlenecks, budget tracking, or vendor management. With Precoro, increasing operational efficiency will be a cakewalk.
All your questions answered
- Identify the need for goods or services.
- Create a purchase requisition and send it for approval.
- Convert the purchase requisition into a purchase order and send it for approval.
- Receive goods or services and create a receipt.
- Receive and match an invoice.
- Approve and pay the invoice.
- Keep records for audit.
Procure-to-pay software is a business tool that enables organizations to automate their procurement operations, from creating a purchase requisition to issuing payment. Usually, P2P software solutions streamline the order-to-invoice process, spend management, approval workflows, supplier relationships, and more.
Procure-to-pay solutions help businesses track purchases, streamline the creation and approvals of purchase orders and other related documents, unlock savings, and keep records for audits. As a result, employees avoid manual data entry errors, unauthorized purchases, maverick spending, and approval bottlenecks.
The benefits of a procure-to-pay solution include higher efficiency in requesting and approving orders, enhanced accuracy in procurement documents, complete visibility into all purchases and expenses, stronger supplier relationships, efficient contract management, and procurement compliance throughout the departments.
Multi-level approval workflows, expense control, inventory management, automatic 2- and 3-way matching, supplier relationship management, and easy-to-use templates for purchase requests, purchase orders, invoices, and receipts.
Multi-level approval workflows, expense management, automatic 2- and 3-way matching, supplier management, and easy-to-use templates for purchase requests, purchase orders, invoices, and receipts.
Gain insights into optimizing procurement workflows
Dive into our blog and learn tips on establishing efficient procurement processes and using technology to your advantage. With the right procure-to-pay software, managing purchases, suppliers, and budgets will be a breeze.