Manage vendors with zero friction and full visibility
Vendor management shouldn’t be a headache (and with Precoro, it isn’t).
Store vendor contacts, certifications, and product catalogs in the online vendor management system and ensure everyone sees who the approved vendors are.
Work from a single source of truth for all your entities. See all the supplier data, purchases, and expenses in one vendor management solution.
Consolidate vendor lists and spending across teams or locations to get the upper hand at the negotiation table.
Easily capture employee requests, create purchase orders, process invoices, and track spending. In Precoro, vendor management is a part of the procurement workflow, not an isolated process.
Make it easy for vendors to work with you. Let them respond to RFPs, submit invoices, and update their info and product catalogs in a dedicated Supplier Portal.
Store procurement agreements and set automatic reminders for renewals or expirations to maintain compliance.
Seamless vendor management from start to finish
Precoro is all you need for the complete vendor management process.
Select the best bids
Use our vendor management software solution to select the best bids for new projects.
- Create RFPs with simple templates or directly from purchase requisitions.
- Send to vendors and track who’s opened, responded, or declined.
- Compare all proposals in vendor information management software.
- Pick the most cost-effective bid or approve suppliers on a per-item basis.
- Turn approved proposals into purchase orders in a few clicks.
Onboard new vendors
Minimize back-and-forth emails. Make sure onboarding is fast and error-proof with the vendor management solution.
- Set up approval workflows in the vendor management system before a vendor gets added.
- Create custom onboarding forms to collect the right info from the start.
- Sync vendor details with your accounting and ERP software.
Oversee vendor management
Store all vendor and supplier details in a reliable vendor management system. This way, you stay in the loop on all vendor-related operations and minimize supply chain disruptions.
- Keep vendor catalogs organized with up-to-date company details.
- Store contracts in one place and get notified before they expire.
- Track POs and invoices in real time to stay on top of the P2P cycle.
- Maintain a clear audit trail and stay compliant with internal rules.
Communicate with suppliers
Open a direct line of communication with vendors through Precoro’s Supplier Portal.
- Let suppliers create and update their item catalogs.
- Manage RFPs and vendor responses in our vendor management system and move faster.
- Give vendors direct access to submit invoices and check payment status in the portal.
- Automatically send POs to speed up order fulfillment.
Analyze spending and adjust negotiations
Monitor vendor performance via the vendor management solution and find cost-saving opportunities.
- Track spending by supplier and use the findings to negotiate discounts with preferred vendors.
- Monitor all orders across the company and purchase in bulk to save money.
- Track historical spending and current expenditures in the vendor information management software.
- Create reports on vendor details, contracts, and items.
USER FEEDBACK
How Precoro is making a difference
You can get more done with less hassle. Precoro is a vendor management system that makes procurement and vendor management actually enjoyable.
AN
Purchasing Director
When we started with Precoro, we were formalizing our purchasing department. Working with Precoro allowed us to create processes and procedures, understand our expenses by department, and grade our vendors and their performance. Efficiency, organization, and cost savings increased tremendously. We all love Precoro!
LB
Head of Finance
Precoro is a simple and highly efficient vendor and expense management workflow system that delivers value for money. I couldn't recommend it [vendor performance management software] more highly to any company looking for an easy to implement tool, that is cloud based, virtually plug and play, simple and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team!
VU
Outsourcing/Offshoring
The [vendor management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent!
GD
Chief Information Security Officer
Precoro allows us to simplify and streamline our ordering process, from the statement of requirement to PO validation flow, vendor management, invoicing, and reconciliation. It [vendor management software solution] is a 100% SaaS platform, so easy to access and no maintenance required.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget, thus making solid and on-time decisions. Supplier management has also been a plus, it’s possible with a click of a button to tell the status of supplier accounts, even more helpful with credit accounts—reporting on aged creditors is more accurate, and cash-flow projections easier to project. The 3-way document match of the PO, Goods Received Note, and Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, and approvals have been done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
RK
Risk Management
Precoro is a great option for a comprehensive and user-friendly tool to streamline our purchasing and track our spending. I particularly appreciate the ease with which we can add vendors, create and manage purchase orders, and track payments. The interface [of the vendor performance management software] is straightforward and easy to navigate, making it a great option for busy professionals.
OD
Mid-Market (51-1000 emp.)
I highly recommend Precoro for any organization seeking a robust and efficient procurement solution. Our experience with Precoro has been exceptional, largely due to their outstanding customer support and dedication to client satisfaction.
MH
Director of Learning
What was a black box and invisible to me has become visible and useful.
MCA
Director of Finance
Media Production
I had an amazing experience with Precoro and the team. I always knew I could reach out and would get the help I needed. My organization found it easy to use, and everyone was trained quickly.
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
AN
Purchasing Director
When we started with Precoro, we were formalizing our purchasing department. Working with Precoro allowed us to create processes and procedures, understand our expenses by department, and grade our vendors and their performance. Efficiency, organization, and cost savings increased tremendously. We all love Precoro!
LB
Head of Finance
Precoro is a simple and highly efficient vendor and expense management workflow system that delivers value for money. I couldn't recommend it [vendor performance management software] more highly to any company looking for an easy to implement tool, that is cloud based, virtually plug and play, simple and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team!
VU
Outsourcing/Offshoring
The [vendor management] system allows seeing who’s spending when, where, and on what. In addition, the dashboard shows how much money is spent on each category/vendor, which is convenient and transparent!
GD
Chief Information Security Officer
Precoro allows us to simplify and streamline our ordering process, from the statement of requirement to PO validation flow, vendor management, invoicing, and reconciliation. It [vendor management software solution] is a 100% SaaS platform, so easy to access and no maintenance required.
BG
Head of Procurement
Construction
Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget, thus making solid and on-time decisions. Supplier management has also been a plus, it’s possible with a click of a button to tell the status of supplier accounts, even more helpful with credit accounts—reporting on aged creditors is more accurate, and cash-flow projections easier to project. The 3-way document match of the PO, Goods Received Note, and Supplier Invoice has also reduced errors at the Accounts Payable desk. Paper-printing has been reduced by a huge margin, and approvals have been done not only promptly but accurately. It is definite we are a more efficient Supply Chain team since we logged onto Precoro! Thank you!
RK
Risk Management
Precoro is a great option for a comprehensive and user-friendly tool to streamline our purchasing and track our spending. I particularly appreciate the ease with which we can add vendors, create and manage purchase orders, and track payments. The interface [of the vendor performance management software] is straightforward and easy to navigate, making it a great option for busy professionals.
OD
Mid-Market (51-1000 emp.)
I highly recommend Precoro for any organization seeking a robust and efficient procurement solution. Our experience with Precoro has been exceptional, largely due to their outstanding customer support and dedication to client satisfaction.
MH
Director of Learning
What was a black box and invisible to me has become visible and useful.
MCA
Director of Finance
Media Production
I had an amazing experience with Precoro and the team. I always knew I could reach out and would get the help I needed. My organization found it easy to use, and everyone was trained quickly.
Education Management
51-1000 employees
Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.
Trusted across teams and industries
CUSTOMER STORIES
Curious about the results other companies have achieved with Precoro?
12 locations with full spend control
— Barend Liebenberg, Procurement Manager at Bolloré
50+ branches with a centralized P2P process
— Rajen Satish Shah, I&M Finance Manager
76% YoY growth
— Jacek Zmuda, Controlling Manager at Green Cell
3x faster order processing
— Fabienne Bouffé, Digital Project Manager at TESTEX AG
7x faster month-end close
— Daniel Chen, Financial Analyst at Tymit
90% time saved on invoicing
— Andrew Jefferson, COO at Ridgeline Discovery
FULL WORKFLOW
More than vendor management software for small businesses
Precoro offers more than a typical vendor management system does: you get control over all procurement steps.
Manage your spending proactively
With our online vendor management system, budgets aren’t just numbers on a spreadsheet; they’re part of the actual workflow.
- Set budgets by department, location, or project.
- Get instant alerts when a request or purchase order exceeds the limit.
- See how much money is available before any request, order, or invoice gets approved in the vendor management system.
- Monitor company-wide spending in real time.
Make it easy to request what’s needed
Provide your team with a simple, guided way to request what they need and ensure accurate purchase requisitions from the start.
- Use custom forms to create templates tailored to different purchases.
- Guide requesters toward approved items and vendors.
- Send each purchase requisition down the right approval path in the vendor management solution.
- Always know who’s reviewing what and where each request stands.
Buy with compliance and confidence
Make it easy for teams to follow procurement policies without slowing them down.
- Auto-convert approved requests into POs directly in the vendor management software solution with full audit trails.
- Build item catalogs with pre-approved products based on your policies.
- Set up an approval workflow for new suppliers.
- See the available budget before making a purchase.
Know what’s in stock before placing new orders
Keep inventory balanced across all locations to prevent shortages and excess stock.
- Monitor stock levels in the vendor performance management software.
- Track item usage and restocking needs.
- Let users request products from warehouses.
- Match received items to orders.
Match, approve, and pay without delays
Process invoices faster with built-in checks to avoid errors and missed payments.
- Automatically extract data from supplier invoices with Precoro’s AI-powered OCR.
- Receive alerts in the vendor management solution when duplicate invoices are detected.
- Pay only verified invoices with 3-way matching and custom approval workflows.
See the full picture and make informed decisions
Our vendor management system gives you a 360-degree view of procurement with reports that show exactly where money is spent.
- Track spending by category, department, entity, or vendor.
- Get contract and vendor insights.
- Easily export and share reports.
DATA TRANSFER MADE SIMPLE
Keep up-to-date vendor information across core company tools
Create a unified tech stack with Precoro’s flexible integrations. Reduce data reentry, make sure all teams are on the same page, and keep your vendor information up to date across your tools.
Need something custom?
Use our API or let Precoro build a tailored integration for you.
QUICK SETUP, LASTING RESULTS
What drives businesses to choose Precoro?
Easy start
No IT tickets or endless how-to meetings to implement our vendor management solution. With Precoro, you can hit the ground running fast.
- Go live in just 2–8 weeks, depending on your company size.
- Rely on white-glove support throughout the implementation.
- Receive training materials your team will actually use.
User-friendliness
You don’t need to be tech-savvy to use our vendor performance management software. The interface is clean, intuitive, and built to be user-friendly for everyone.
- Requesters and buyers get simple templates to fill out.
- Every module is easy to navigate—even for first-timers.
- Reports take minutes to create, not hours.
Full visibility
See what’s happening at every stage. Our vendor information management software gives you complete transparency into your vendors, spending, and procurement activity.
- See who approved what, when, and where the document is now.
- Browse pre-approved catalogs with prices, product descriptions, and categories.
- Monitor company-wide spending in the vendor management system.
- Keep tabs on stock levels and movement in real time.
Collaboration across teams and entities
Vendor management runs more smoothly when finance, procurement, and operations stay in sync.
- Give every department access to the relevant vendor data in the vendor performance management software.
- Compare terms and pricing company-wide.
- Standardize vendor lists, catalogs, and terms across locations.
High level of customization
Precoro is built to fit your workflows. You can experiment with settings until the vendor management solution is customized perfectly.
- Use custom forms and fields to create document templates that match your process.
- Set up simple or advanced approvals workflows.
- Build custom reports with over 150 data points.
Scalability with business growth
Precoro is more than just vendor management software for small businesses. Whether you have 5 or 50 entities, the platform matches your needs.
- Keep purchasing fast and reliable, even as order volumes grow.
- Easily manage vendors across multiple entities.
- Work in different currencies without a hitch.
See our vendor management software at work
Align vendor management with procurement to prevent delays and lower costs. Watch how Precoro simplifies supplier collaboration in this short video.
FAQ
All you need to know about online vendor management systems
HELPFUL RESOURCES
Discover more about the best vendor management practices
Check out our blog for useful tips and strategies on vendor management, supply chain efficiency, and various other aspects of a successful procurement process.
LEARN MORE
Precoro is more than just a vendor management solution
Explore the full range of our features, compare Precoro to other platforms, and discover how it drives value for businesses across various industries.
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.
