Procurement software that helps companies spend smarter
A reliable, comprehensive procurement solution that lets you gain better visibility into purchasing, suppliers, spending, and budgeting. Now all of your procurement activities can be managed in one system.
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Procurement software that’s really worth it
No more spreadsheets, paperwork, or human errors. It’s smooth sailing from here on out.
38% shorter purchasing cycle time
Never run out of supplies. Enjoy improved planning thanks to document centralization, swift approvals, and prompt supplier communication.
65% lower invoice processing costs
Save on printing, mailing, and late fees by going digital with Precoro. Automated invoice processing ensures timely or even early payments, but most importantly, it allows finance teams to focus on strategic tasks instead of engaging in time-consuming manual labor.
2.5x faster approvals
Forget about chasing individuals for approvals or approving after the fact. Now all approvals can be done remotely with an easily traceable history.
7% annual budget savings
Easily track and analyze your corporate expenses to consolidate purchases, get early payment discounts, or identify areas for budget cuts while maintaining operational efficiency. Plan better to prevent maverick spending and budget overruns.
90% fewer duplicated payments
Finance mistakes are too costly to make. Pay only for approved invoices that correspond to the purchase order and receipt.
98% spend under management
No more spending surprises during the month-end close. Keep all orders and expenses under control.
A procurement system that covers all your needs
Procurement is one of the driving forces of business growth, yet it's often hindered by piles of paperwork, manual tasks, and chaotic approvals. We're here to change that. Precoro helps companies achieve procurement excellence and budget efficiency by building transparent, predictable, automated spending workflows.
Process-oriented procurement solution
Precoro was created with an important goal in mind: to drive efficiency in the purchasing process. Use this centralized system to create and process requests, build custom approval workflows, manage purchasing documents, and gain complete control over spending.
Request
- Purchase requisition
- Request for proposal
- Warehouse request
- Invoice Payment request
- Reimbursement request
- New vendor request
Procurement platform with painless implementation
Implementing Precoro takes approximately two weeks, and even less when scaling an existing account. Moreover, our procurement software doesn't require technical expertise or exhaustive training on your part to maximize its potential. Embracing and integrating the system is designed to be a breeze.
Growing complexity
Procurement software to connect teams and tools
Transparent, traceable, and automated procurement and spend management are vital for all stakeholders. Precoro simplifies collaboration between requesters, managers, finance, procurement teams, and external suppliers.
Requesters
Implementing a purchasing policy isn't enough; it should be simple and convenient for people to follow. Here's how Precoro accelerates procurement policy adoption and provides employees with real-time request tracking:
- Limit modules and features by user roles so employees see only the functions of Precoro they will actually use. No confusing options or complicated interfaces that take forever to learn.
- Develop personalized rules and scenarios that automatically direct requests to the appropriate decision-maker and eliminate uncertainty.
- Precoro automatically updates document statuses and sends notifications and reminders via email or Slack, ensuring employees remain well-informed about request progress.
Clients' reviews are the best evidence of Precoro's efficiency
Precoro adapts to various workflows and requirements of 1000+ companies worldwide!
Reasons why companies choose Precoro
Ease of implementation
Set up your account, invite users, and upload your data – you’re ready to roll! With Precoro, your go-live journey is at your fingertips, on your terms.
High level of customization
Get complete freedom in adding or removing modules from the system, configuring various user roles, creating custom fields for procurement documents and budgets, and generating multiple real-time reports.
Data Security
Precoro ensures strict security standards throughout the entire organization: physical infrastructure security is maintained at the highest level, web application communications are encrypted, end-to-end security is guaranteed, and team members are regularly trained.
Value for money
Get results within the first few months of usage and let Precoro bring value to your company.
User-based pricing
There are no hidden fees or complicated pricing tiers. Pay only for each user and get unlimited access to all modules and features.
Customer-centric approach
At Precoro, you're not just a client – you're our top priority. We believe our customers know best, so we listen to their suggestions and aim to implement them in product updates.
Make the data-backed choice about the right procurement software for your company.
Optimize your procurement smartly
With procurement software, complex business processes will be a breeze. Make your vendor management, spend analysis, and order management align with your procurement strategy. Learn everything you need to know about procurement process optimization with Precoro in this short video.
All your questions answered
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Procurement software is a tool that enables companies to automate their procurement processes, including but not limited to strategic sourcing, contract management, purchase order creation, and supplier relationship management.
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Procurement software simplifies and streamlines both cumbersome and menial purchasing tasks, saving time on document creation, approvals, data analysis, and reporting. Additionally, it enforces unified procurement policies, curbing overspending and maverick spend. Procurement software also lets employees gain visibility into their orders and available budgets while enabling leadership to analyze departmental expenses and find cost-saving opportunities.
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Procurement software is utilized by organizations of different sizes across various industries when they start to grow after the initial establishment and notice that paper- or spreadsheet-based ordering, approvals, and budget tracking are ineffective for their volume of operations.
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Top procurement software is characterized by user-friendliness, integration capabilities, and scalability, and it has comprehensive modules for purchase orders, invoices, receipts, budgets, expenses, supplier management, item catalogs, inventory management, and reports.
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The best procurement solutions, like Precoro, simplify the entire procurement process in the following ways:
- Store order history, procurement documents, and contracts
- Use templates for purchase orders, invoices, and receipts
- Allow companies to set up customizable approval workflows for each document
- Enable users to track order statuses
- Facilitate communication among requesters, approvers, and suppliers through document comments and attachments
- Enable the creation of separate budgets for each department and project with real-time monitoring
- Generate various reports.
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The different types of procurement systems include e-procurement systems, cloud-based procurement software, supplier relationship management (SRM) systems, procure-to-pay (P2P) platforms, and integrated enterprise resource planning (ERP) systems with procurement modules.
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Direct procurement involves the acquisition of goods and services that are directly related to the production of a company's final product — for example, raw materials or constituent components. Indirect procurement encompasses goods and services that are not directly used in the production process but are important for the smooth operation of the company, like office supplies or utilities.
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Purchasing refers to the process of buying goods and services. Procurement is a broader concept that involves the entire cycle of sourcing, supplier selection, contract negotiation, purchasing, receiving, and managing supplier relationships.
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A procurement model is a structured approach or framework that outlines the steps, procedures, and strategies a company uses to obtain products and services. The most common examples of procurement models include centralized, decentralized, and center-led.
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Nowadays, the top five procurement challenges are supply chain disruptions, maverick spending, lack of transparency, sustainability considerations, and lack of technology.
Discover the impact of cloud-based procurement software
Dive into our blog to learn tips and strategies for choosing the best procurement software and optimizing the purchasing processes.
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