As easy as it gets

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.

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Join the ranks of satisfied clients

Procure-to-pay solution trusted across multiple industries

Precoro became a custom-fit solution for 1000+ companies all around the globe.

Get the entire procurement process under control

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.

Easy-to-use purchase order templates

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.

2-way and 3-way matching

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.

Prevention of out-of-control overspending

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.

Simple document search

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.

Effective invoice management

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.

Robust expense reimbursement module

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.

Straight-to-the-point inventory control

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.

Collaborative notes and attachments

Automate the procure-to-pay process with our trusted solution

Precoro is repeatedly recognized as one of the best procure-to-pay solutions on the market.

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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

comprasion.table.title

Purchase order management

Yes Yes

Approval workflows

Yes Yes

Budget control

Yes Yes

Invoice automation

Yes Yes

Purchase requisition module

In specific packages Yes

Reporting

In specific packages Yes

Accounting integrations

In specific packages Yes

Inventory tracking

In specific packages Yes

Supplier management

No Yes

Item catalogs

No Yes

Contract management

No Yes

Expense management

No Yes

Three-way matching

No Yes

Multicurrency for purchasing documents

No Yes

Net payment terms in the documents

No Yes

Free trial

No 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.

Approval workflow screen

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.

Budgets control screen

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.

Supplier management screen

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.

Reports screen
Precoro goes beyond its key features

What makes Precoro the best procure-to-pay software?

Value for money

Find cost-saving opportunities in the first few months of software usage.

Value for money

Excellent customer support

Precoro assigns dedicated Customer Success Managers for implementation and continuous support.

Excellent customer support

Transparent pricing

At Precoro, companies pay only for the number of users and get unlimited access to all modules, features, and updates.

Transparent pricing

Ease of implementation

Onboarding takes from 2 weeks to 1 month.

Ease of implementation

High level of customization

Set up unique user roles, approval workflows, and custom fields for documents and budgets.

High level of customization

Customer-centric approach

We value clients' opinions and implement their suggestions in regular updates to the system.

Customer-centric approach

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.

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FAQ

All your questions answered

What are the major steps in the procure-to-pay process? See more Hide
    • 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.
What is a procure-to-pay software? See more Hide
  • 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.
What is the importance of procure-to-pay suites for small businesses? See more Hide
  • 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.
What are the benefits of a procure-to-pay system? See more Hide
  • 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.
What features should businesses look for in procure-to-pay systems? See more Hide
  • 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.
What features should businesses look for in a purchasing system? See more Hide
  • 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.

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