Procure-to-pay solution trusted across multiple industries
Precoro became a custom-fit solution for 1000+ companies all around the globe.
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.
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.
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.
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.
Features
Typical P2P solution
Purchase order management
Yes YesApproval workflows
Yes YesBudget control
Yes YesInvoice automation
Yes YesPurchase requisition module
In specific packages YesReporting
In specific packages YesAccounting integrations
In specific packages YesInventory tracking
In specific packages YesSupplier management
No YesItem catalogs
No YesContract management
No YesExpense management
No YesThree-way matching
No YesMulticurrency for purchasing documents
No YesNet payment terms in the documents
No YesFree trial
No YesStreamline 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.
![Streamline approvals across the company](/build/images/by-pages/seo-pages/procure-to-pay-software/product-cards/approval-workflow.823fd345a10aac06686bbc4ba372564c.webp 1x, /src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/approval-workflow@2x.webp 2x)
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.
![Enjoy complete spend control](/src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/budgets-control.webp 1x, /src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/budgets-control@2x.webp 2x)
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.
![Communicate with suppliers more efficiently](/src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/supplier-manage.webp 1x, /src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/supplier-manage@2x.webp 2x)
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.
![Create custom reports](/src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/reports.webp 1x, /src/images/by-pages/seo-pages/procure-to-pay-software/product-cards/reports@2x.webp 2x)
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.
Transparent pricing
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.
Customer-centric approach
We value clients' opinions and implement their suggestions in regular updates to the system.
All your questions answered
What are the major steps in the procure-to-pay process?
What is a procure-to-pay software?
What is the importance of procure-to-pay suites for small businesses?
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What features should businesses look for in a purchasing system?
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.