Precoro is a procurement automation software designed to centralize and streamline purchasing processes for businesses of all sizes. Targeted at procurement teams, finance controllers, and company executives, it offers a unified platform for request management, approvals, ordering, and financial tracking. Precoro supports both centralized and decentralized procurement models and adapts to diverse industry needs. With its AI-powered automation, the platform minimizes manual tasks, reduces errors, and improves budget visibility and compliance.

What are the main features of Precoro?

Intake and Request Management

Precoro simplifies the intake process by allowing users to submit a wide variety of requests directly through the platform:

• Purchase requisitions and RFPs

• Invoice payments and reimbursements

• Warehouse and vendor requests

All submissions are tracked in real-time, offering transparency and reducing miscommunication between departments.

Customizable Approval Workflows

The platform supports unlimited approval workflows that can be customized by department, document type, or budget threshold. Key capabilities include:

• Scenario-based workflow builder

• Document-specific approvals

• Vendor onboarding and validation

• Delegation via “vacation mode” to prevent delays

Order and Inventory Control

Precoro automates the generation of purchase orders, receipts, and invoices. Users can monitor stock levels and delivery statuses to ensure timely procurement:

• Automated document generation and tracking

• Integration with inventory systems

• Real-time visibility into employee expenses and order histories

Comprehensive Spend Control

Precoro provides robust tools for analyzing and managing spend across suppliers and departments:

• Budget creation and monitoring with thresholds

• Supplier and item master data management

• 3-way matching (PO, receipt, invoice) to eliminate discrepancies

• Custom reporting with Power BI integration

Flexible and Scalable Configuration

The system is designed to be highly adaptable to different industries and organizational scales:

• Modular setup with customizable roles and fields

• Multi-location, multi-currency, and multi-subsidiary support

• API and direct integrations with ERP systems like NetSuite, Xero, and QuickBooks

Why choose Precoro?

• Procurement Centralization: Offers a unified platform to manage all procurement activities, ensuring process consistency and control across departments and locations.

• Operational Efficiency: Reduces time spent on manual approvals, data entry, and follow-ups—freeing up at least 5 hours per week per team member.

• Custom Fit for Growing Businesses: Easily scalable to support evolving procurement needs, allowing organizations to add users, modules, and workflows without complexity.

• ERP Enhancement: Complements existing ERP systems with more flexible procurement capabilities, avoiding the need for expensive ERP customizations.

• Quick Adoption and Easy Migration: Precoro’s intuitive interface and guided onboarding minimize resistance and ensure smooth transitions from spreadsheets or other tools.