Effortless control over purchases with procure-to-pay software
Save yourself headaches and adopt procure-to-pay software. Transition from disorganized orders to complete procurement and spending control with Precoro, a one-stop system for purchases, budgets, vendor catalogs, and spend data.
Our P2P solution streamlines every stage of procurement
Simplify buying and save both corporate funds and valuable time. With a range of useful features, our procure-to-pay software helps companies prevent redundant purchases, unauthorized payments, and overspending.
Create purchase orders in minutes
Quickly create purchase orders from scratch with easy-to-use templates and drop-down menus or convert approved purchase requisitions into POs. With Precoro, you can efficiently group similar orders from different departments and create one PO from multiple requisitions.
Pay only for verified invoices
Generate receipts in the system to finalize your order and use 3-way matching to cross-reference related purchase orders, invoices, and receipts. This process helps users spot discrepancies between documents and prevent payments for fraudulent or duplicate invoices.
Prevent 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.
Quickly locate documents
Easily find the needed procurement 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.
Keep all invoices in one place
Create invoices from scratch, generate them from purchase orders, 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.
Handle expense reimbursements
Let employees request reimbursements and approve them in the procure-to-pay solution to make accounting operations more convenient and transparent. Monitor your company’s spending effectively with all employee expense reports stored in one system.
Communicate with stakeholders
Discuss purchases and expenses with your colleagues or vendors directly in the procure-to-pay software. Leave individual notes and comments while creating or approving documents and ensure transparent communication regarding new purchases and expenses.
Purchase-to-pay software you can rely on
Precoro is repeatedly recognized as one of the best procure-to-pay solutions on the market.
Features
Purchase order management
Approval workflows
Budget control
Invoice automation
Purchase requisition module
Reporting
Accounting integrations
Inventory tracking
Supplier management
Item catalogs
Contract management
Expense management
Three-way matching
Multi-currency
Net payment terms in the documents
Typical P2P solution
Precoro
Procure-to-pay software that has everything you need
Our goal is to give stakeholders full visibility into procurement documents, budgets, vendors, expenses, and inventory levels, while also equipping them with the tools needed for a smooth workflow. Curious how we do that?
Store all procurement documents in one place
Precoro ensures you can effectively manage, create, approve, and store all of your documents in one procure-to-pay software solution. Enjoy complete visibility of purchasing activities across different departments, projects, and locations. Easily collaborate on documents using any device. Plus, effortlessly spot discrepancies between purchase orders, invoices, and receipts through 3-way matching.
Streamline approvals across the company
P2P software empowers organizations to set up multi-level parallel or sequential approval workflows for expenses, warehouse requests, purchase requisitions, POs, invoices, receipts, and even suppliers. 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.
Take advantage of complete visibility into order statuses
The procure-to-pay system provides real-time tracking capabilities, so requesters and buyers can easily monitor the status of their orders. Each step in the procurement process is logged and traceable — from initial purchase requisition and approval to order placement, delivery, and payment. This visibility allows for immediate detection of any delays or issues and enables swift corrective action.
Enjoy complete spend control
Allocate budgets for different periods, departments, locations, and projects, while tracking each in real time with a progress bar. With our procure-to-pay software solution, users can see available funds while creating or approving purchase orders or expense reimbursements to make sound financial decisions. Precoro also promptly notifies employees when they approach budget limits, providing the visibility necessary for efficient money allocation.
Communicate with suppliers more efficiently
It’s easy to establish direct and convenient communication with suppliers via Precoro’s Supplier Portal. Collaborate with your vendors in real time on requests for proposals, purchase orders, and invoices within the unified platform. Quickly onboard new suppliers with our customizable registration forms and supplier approval workflow. You can also use our purchase-to-pay solution to store contracts and up-to-date supplier information.
Keep track of your stock balance
Instead of ordering goods that might already be in stock, employees can check inventory levels using the procure-to-pay software. With Precoro, submitting a warehouse request to obtain available items from storage is easy. The platform securely stores inventory consumption history. The system can also send alerts to warehouse managers about low inventory, ensuring you never run out of stock.
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 120+ custom fields and then export them into Excel format with one click. The information can be used to analyze spending habits, assess supplier performance, and identify cost-saving opportunities.
Ensure compliance across the company
Purchase-to-pay software is the best way to ensure employees follow the established procurement policy. The system is user-friendly, so employees will readily adopt it. Approval thresholds eliminate rogue spending, while 3-way matching helps to prevent duplicate payments. Requesters, buyers, department heads, and senior management are all kept informed about procurement activities. Additionally, the system provides a reliable audit trail, preventing loss or manipulation of documents.
P2P solution that fits perfectly into your software stack
Eliminate manual data entry and ensure all departments are on the same page by connecting Precoro directly to your favorite business, accounting, and ERP systems.
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.
Learn how you can automate procurement processes with Precoro
Watch a short video and discover how procure-to-pay software helps procurement teams solve common problems like approval bottlenecks, budget tracking, or vendor management. With Precoro, increasing operational efficiency is a cakewalk.
See how easy it is to adopt procure-to-pay software
We’ll support you every step of the way.
Stage 1
Meet your dedicated customer success manager from Precoro. They will be your primary point of contact and will guide you through the entire procure-to-pay software onboarding process, ensuring you have a smooth and efficient transition.
Stage 2
Prepare your data for transfer. This process usually takes up 50% of the onboarding time. It involves gathering, cleaning, and formatting your existing data to make sure it integrates seamlessly with the Precoro system.
Stage 3
Determine your P2P cycle. This step involves mapping out your current procurement processes and workflows to align them with Precoro’s features.
Stage 4
Set up your account. Precoro can be configured just the way you need it. Customize the settings, user roles, and permissions to match your company's specific requirements and preferences.
Stage 5
Final prep. Receive personal and video tutorials on our procure-to-pay software. Test your account. Ensure everything is functioning as expected and that your team is comfortable using the system with the help of hands-on training and comprehensive guides.
Ready to go!
Your customer success manager will always be there to help you get the most out of Precoro. Enjoy biweekly updates to the procure-to-pay software based on your feedback, and don’t hesitate to tell us what you think!
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
Simplify and strengthen your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.
Vendor Management
Build stronger relationships with vendors and get better deals. See how Precoro helps you onboard vendors, track performance, and stay in sync.
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.
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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.
