Product Information
What is Precoro?
Precoro is a cloud-based solution for procurement centralization and automation. It unifies your purchasing operations, eliminates manual work, prevents maverick spending, and delivers savings faster than you might think. By centralizing procurement data, identifying cost-saving opportunities, and eliminating duplicate payments, it saves up to 5% on every dollar spent.
**Procurement:** Build stronger relationships with suppliers, store contracts, and streamline employee requests. Gain a comprehensive view of spending, manage POs, coordinate approval workflows, and collaborate with vendors—all in one tool.
**AP Automation:** Save time at every stage with an AP inbox, AI-powered OCR, approval workflows, 3-way matching, reporting, integrations, and budget controls.
**Spend Management:** Seamlessly track budgets across locations and departments, manage expenses, and generate reports for insightful analysis. Monitor budget utilization to leverage data-driven insights that enhance business profitability.
**Supplier Management:** Automate supplier onboarding and approvals to mitigate potential risks. Utilize a supplier portal for efficient communication and manage supplier information in a centralized repository.
Connect Precoro with ERP systems and business tools like NetSuite, QuickBooks Online, Xero, and Sage, or create custom integrations using a free API. Eliminate duplicate payments and manual document handling. Precoro’s intuitive interface ensures onboarding in under six weeks—with no hassle. Enjoy ongoing support, customization, scaling, and management with a dedicated Customer Success Manager (CSM).
Keep all data secure with SSO and reliable two-factor authentication. Our privacy compliance program aligns with the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Additionally, Precoro is SOC 2 Type II compliant, ensuring maximum protection for all sensitive data.
How to use Precoro?
Precoro is a cloud-based procurement centralization and automation solution that unifies procurement operations, eliminates manual work, prevents maverick spending, and achieves cost savings by centralizing procurement data, identifying savings opportunities, and eliminating duplicate payments.
Core Functions of Precoro
Privacy-focused, cash flow analysis, multi-currency support, CSV data import, no coding, multi-account support
Privacy-Focused
Cash Flow Analysis
Support for Multiple Currencies
Import CSV data
No Coding Required
Support multi-account
No Coding Required
Privacy-first, cash flow analysis, multi-currency support, CSV data import, no coding, multi-account support
Usage Scenarios of Precoro
- Centralize purchase orders, supplier relationships, and contracts.
- Automate invoice processing with AI-powered OCR, approval workflows, and three-way matching.
- Manage budgets and expenses across departments and locations, generating reports for analysis.
- Automate supplier onboarding and approvals, centralizing supplier information.
- Integrate with ERP systems and business tools like NetSuite, QuickBooks Online, Xero, and Sage.
Common Questions about Precoro
What does Precoro do?
How do I use Precoro?
What are the core features of Precoro?
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