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What is Precoro?

Precoro is a comprehensive cloud-based platform designed to centralize and automate procurement processes. It seamlessly integrates your procurement activities, reduces manual tasks, curbs unauthorized spending, and accelerates savings in ways that may surprise you.

- Procurement: Enhance relationships with suppliers, centralize contract management, and streamline employee requests for greater efficiency.

- AP Automation: Optimize each phase of the invoice lifecycle using an AP inbox, AI-driven OCR technology, an approval workflow, 3-way matching, detailed reporting, integrations, and budget oversight.

- Spend Management: Effortlessly monitor budgets across various locations and departments, manage expenditures, and generate reports that provide valuable insights.

- Supplier Management: Improve the onboarding process for vendors and streamline approvals to mitigate potential risks.

- Precoro can be integrated with ERP systems and business applications like NetSuite, QuickBooks Online, Xero, and Sage, or you can establish custom connections using a free API, effectively eliminating duplicate payments and manual document handling.

With an intuitive interface, Precoro ensures that users can complete onboarding in less than six weeks without needing IT support. You can customize the system, scale your operations, and receive continuous assistance from your personal Customer Success Manager (CSM). Moreover, your data remains secure with single sign-on (SSO) and robust two-factor authentication, providing peace of mind while you manage your procurement needs.

Pricing

Price Starts At:
$499/month
Price Overview:
Whether you're a small business just starting out or a large enterprise with complex procurement requirements, we have a package designed to meet your unique needs. From purchase order management to vendor onboarding management, our packages are designed to help you achieve procurement excellence.
Free Trial Offered?:
Yes

Integrations

Offers API?:
Yes, Precoro provides an API

Screenshots and Video

Company Facts

Company Name:
Precoro
Date Founded:
2015
Company Location:
United States
Company Website:
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Product Details

Deployment
SaaS
Windows
Mac
Linux
iPhone
iPad
Android
Chromebook
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Video Library
Support
Standard Support
24 Hour Support
Web-Based Support

Product Details

Target Company Sizes
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Nonprofit
Startup
Supported Languages
English
French
German
Spanish

Precoro Categories and Features

Vendor Management Software

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Sustainability Software

Audit Management
Benchmarking
Compliance Management
Corrective Actions (CAPA)
Emissions Management
Employee Training
Energy Management
Incident Management
KPIs
Performance Metrics
Stakeholder Engagement
Supplier Management
Waste Management

Spend Management Software

Approval Workflow
Budgeting / Forecasting
Expense Tracking
Multi-Currency
Prepaid Cards
Procurement Management
Receipt Management
Spend Analysis
Spend Control
Supplier Management

Purchasing Software

Catalog Management
Compliance Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Procurement Software

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Procure to Pay Software

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Expense Report Software

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Emissions Management Software

Allowance Management
Automatic CO2 Calculation
Emission Inventory
Emission Reduction Planning
Emissions Monitoring
Emissions Trading
Frequency-Based Tasks
Permit Level Maintenance
Risk Management

ESG Software

Activity Dashboard
Analytics/Reporting
Audit Management
Benchmarking
Compliance Management
Data Visualization
Document Management
Performance Metrics
Risk Assessment

More Precoro Categories

  • Reviewer Name: Daniil K.
    Position: Head of Growth
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Complete transparency of purchasing process and cash flow

    Date: Oct 21 2022
    Summary

    Perfect match for our company and best Customer Support service! Looking forward to some new features they're releasing soon.

    Positive

    The interface is very user-friendly. I like the dashboard with charts updating in real time. The number of requests, orders, and statutes are on one screen. Perfect!

    Negative

    No issues with it really, everything works as intended.

    Read More...
  • Reviewer Name: Galyna M.
    Position: Chief People Officer
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Guarantees convenience and effortless operation

    Date: Dec 21 2022
    Summary

    Streamlines procurement, granting effortless access to purchasing tracking and reporting. With intuitive navigation capabilities, Precoro allows us to track spending with all financial documents in one place.

    Positive

    Intuitive interface, functionality, customizability, complete spending visibility, ability to manage separate budget for each department.

    Negative

    I think Precoro should have iOS and Android applications.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Marketing Manager
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Automated 3-way matching process

    Date: Mar 11 2022
    Summary

    The software is very useful and is designed very well. Great experience right from the start. Customer service guided us through the setup, which was much easier than we thought. The onboarding process took less than 2 weeks.

    Positive

    We can create POs and add vendors to the database easily.

    Negative

    Feeling great about the system, 100% satisfactory.

    Read More...
    Official Precoro Response
    Date: Mar 23 2022
    Thank you a lot for sharing this! We're delighted to hear you have had a positive experience using our system.
  • Reviewer Name: A Verified Reviewer
    Position: Social Media Manager
    Has used product for: 1-2 Years
    Uses the product: Monthly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Powerful procurement software

    Date: Dec 10 2020
    Summary

    Clear interface and ease of use - were something we have been looking for. As a global company, it's great to manage all our entities and countries in 1 tool. Now it's super easy to convert requests into orders or create new purchase orders. Managing thousands of items in Precoro's catalog and integration with our accounting software is another superiority. With Precoro we go through different procurement processes from the budget planning to the final reporting.

    Positive

    As a global company, it's great to manage all our entities and countries in 1 tool. Clear interface and ease of use - were something we have been looking for

    Negative

    Despite the good mobile version, it'll be great for the guys to have an app. Other features are perfect

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    We’re so glad you’ve managed to reduce the number of services you use and have procurement processes centralized within Precoro for a smoother and easier workflow. We do understand the need for an app, so we have already started developing it. We’ll keep you in the loop. Meanwhile, our support team is always there to help!
  • Reviewer Name: Lee G.
    Position: Sales Manager
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Smart Software

    Date: Dec 08 2020
    Summary

    With Precoro we found a perfect solution to simplify our procurement processes and improve the transparency of our costs.

    Positive

    Very smart software. Simple for both requestors and approvers. Sending orders to suppliers automatically is a power feature.

    Negative

    We don't see any cons at Precoro. Everything works great

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Hi Lee! It’s great to hear that Precoro has met your company's needs and made your procurement processes easier. Many thanks for your awesome feedback!
  • Reviewer Name: Brian H.
    Position: Account Manager
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Good digital solution

    Date: Dec 09 2020
    Summary

    I enjoy using this software weekly and I'm happy to get rid of manual paper work. Highly recommended!!

    Positive

    Has a lot of useful features and works without any problems. Great software with very flexible approval routes.

    Negative

    Nothing to complain about. Program works without bugs.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Hi Brian! We’re glad to see that you are happy with Precoro. As you well know, we’re here for you 24/7 whenever you need any help or guidance!
  • Reviewer Name: Chelsie G.
    Position: Financial Manager
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Very Happy With Precoro

    Updated: Dec 17 2020
    Summary

    As for us, Precoro is a perfect all in one digital solution, that allows us to modernize our procurement process. It is very user-friendly and reliable, what is more, it will definitely save your time. We absolutely forgot about paperwork and enjoy our modern way to create new POs or requests.

    Positive

    Precoro has a team of professionals, who are ready to help you any time you need. Only best recommendation for this product!

    Negative

    As for us, Precoro works well and meets all requirements, so we don't have any problems or concerns.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Chelsie, it’s great to hear that Precoro has met your company's needs and made your procurement processes easier. We're happy to hear you've had such a good experience with us!
  • Reviewer Name: A Verified Reviewer
    Position: Project Manager
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 500 - 999
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great product.

    Date: Dec 04 2020
    Summary

    Precoro is more than just a platform. It's a perfect solution for managing purchase requests and orders.

    Positive

    We love how the guys constantly add new feature to the product without additional cost. Great software with clean interface

    Negative

    I wish search per item would be more intuitive and inside interface, not reports.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    It's great to hear that you enjoy using Precoro! Thank you for this brilliant review. Thank you for sharing these details with us. This feedback will help make the wanted changes become a reality.
  • Reviewer Name: Kate P.
    Position: CEO
    Has used product for: 1-2 Years
    Uses the product: Weekly
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    CEO

    Date: Nov 27 2020
    Summary

    Awesome product for growing businesses, quick and accurate onboarding, great fit if you need something flexible, affordable and fast to implement.

    Positive

    Very robust. As a director, I love how we can track the spends from all departments against the budgets, we didn't exceed any budget this year! Also approvals on the go are great - especially when everyone is working from home.

    Negative

    Didn't find, support team is very responsive and can’t say nothing bad about the system.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Dear Kate, we're delighted to read that Precoro makes running a business easier. Knowing that it allows you to save money and time for your company brings smiles to our faces. Thank you for being with us!
  • Reviewer Name: A Verified Reviewer
    Position: Project Manager
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Very useful tool

    Updated: Dec 03 2020
    Summary

    Great software for financial management. The Precoro team helped us with any questions concerning installation and the first steps on our way.

    Positive

    Precoro is easy to use and very intuitive software. This software allowed us to get away from the paper approval work.

    Negative

    Аt first it was hard to get used to this software, but actually everything turned out to be much easier.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Hello, many thanks for your great review! Precoro can be adjusted to the requirements of any kind or size of business, you just need to configure it according to yours. You can always reach out to us should you require any help or answers to your questions! Our support team is always here for you.
  • Reviewer Name: A Verified Reviewer
    Position: Developer
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Very good solution

    Date: Dec 14 2020
    Summary

    Precoro allowed us to organize and control our procurement workflow. We totally forgot about manual paperwork. New software helps us keep track of all our purchases and make the companies budget transparent. I am extremely happy with this toll, because it helps us organize everything we need for the continuous work.

    Positive

    The simplest and most useful software, an easy way to track all items and keep them secure, perfect success customer team.

    Negative

    Everything works perfect. Couldn't be happier with the software.

    Read More...
    Official Precoro Response
    Date: Dec 10 2021
    Hi, Many thanks for such an amazing review. We appreciate it a lot, and we are super thrilled to hear that Precoro is helping you manage your work more efficiently!
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