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.
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.
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.
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.
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.
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.
NetSuite
Sync subsidiaries, locations, POs, bills, vendor data, and more.
Amazon Business Punch-in
Convert your Amazon Business cart into a ready-made PO in Precoro.
Slack
Approve or Reject financial documents directly from your Slack workspace.
Single sign-on
Integrate Precoro with your SSO provider for secure credential management.
Power BI
Connect data in real-time, build custom reports, and schedule automatic dashboard updates.
eMapp Marketplace
Shop directly via eMapp marketplace and submit an automatically generated PO for approval in Precoro.
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.
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
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?
What are the benefits of a procure-to-pay system?
What features should businesses look for in procure-to-pay systems?
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.
Book a Demo
