Precoro

Precoro centralizes purchase requests, approvals, purchase orders, receipts, invoices and payments so mid-sized and multi-entity finance and procurement teams can control spend before it reaches the ERP.

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Overview

Employees submit purchase requests through guided forms, which route through custom sequential or parallel approval workflows against real-time budgets. Approved requests become purchase orders sent to suppliers by email or the Supplier Portal, receipts are recorded on delivery, and invoices are captured, matched to purchase orders and receipts (two- and three-way match) and paid from the same system. AI agents handle routine invoice extraction, matching and contract review, and an AI Assistant answers spend questions. Precoro connects to accounting systems and ERPs, and an iOS and Android app supports approvals on the go. Several AI features, the Supplier Portal and the API are listed from the Automation plan upward.
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Who it is for

Industries
  • Manufacturing
  • Education
  • Financial services
Organization Types
  • Business

Product

License Model
Proprietary
Solution Kind
Platform

Features

Spend Management

Budget tracking in real time

Expense management

More details & conditions: Spend Management

Spending history review

Categories: Purchasing

Requisition Management

Automatically generated purchase requisitions

Manager approval with notifications

More details & conditions: Requisition Management

PO creation from approved requests

Categories: Purchasing

Invoice Processing

Invoice capture, matching and approval

Pay invoices directly in the system

Categories: Purchasing

Purchase Order Management

Create and send POs for approval

Automatic PO sending by email or Supplier Portal

More details & conditions: Purchase Order Management

Blanket POs

Supplier PO confirmation status

Categories: Purchasing

Supplier Management

Supplier selection from the Supplier Portal database

Vendor management

Categories: Purchasing

Sourcing Management

RFP and quotation requests

Supplier selection from the Supplier Portal

Categories: Purchasing

Catalog Management

Supplier catalogs with pre-approved items

Service and item catalog

Categories: Purchasing

Spend Analysis

Visual dashboards and KPIs

Custom report builder

More details & conditions: Spend Analysis

Spending history review

Categories: Purchasing

Invoice Processing

AI OCR invoice capture from the AP inbox

E-invoice intake (UBL 2.1, CFDI, XRechnung)

More details & conditions: Invoice Processing

AI matching to the right PO and draft creation

Invoice-to-PO matching and approval

Categories: Accounts Payable

Vendor Management

Supplier master data with invoice, contract and payment visibility

Supplier Portal

More details & conditions: Vendor Management

Vendor onboarding

Categories: Accounts Payable

Invoice Management

Create, approve, verify and track invoices

Clear invoice statuses

More details & conditions: Invoice Management

Credit notes

Categories: Accounts Payable

ERP integration

Two-way sync with ERP and accounting systems

Invoice status update after payment

Categories: Accounts Payable

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Approval Process Control

Custom invoice approval workflows

SLA deadlines and reminders

More details & conditions: Approval Process Control

Logging of every approval and document change

Categories: Accounts Payable

Accounting

GL coding rules

Budgets for GL accounts

More details & conditions: Accounting

Sync of approved invoices to accounting systems

Categories: Accounts Payable

Duplicate Payment Alert

Automatic flagging of duplicate invoices before payment

Categories: Accounts Payable

Fraud Detection

Three-way matching flags mismatches and fake invoices

Duplicate invoice detection

Categories: Accounts Payable

Requisition Management

Purchase requisitions from guided forms

Approval routing

More details & conditions: Requisition Management

PO creation from approved requests

Categories: Procurement

Supplier Management

Supplier database and Supplier Portal

Contract repository with expiration notifications

More details & conditions: Supplier Management

Vendor onboarding and evaluation

Categories: Procurement

Sourcing Management

RFP and quotation requests to suppliers

Supplier selection from the Supplier Portal

Categories: Procurement

Spend Management

Budget control by department, location and project

Expense management

More details & conditions: Spend Management

Prepaid virtual spending cards

Categories: Procurement

Vendor Management

Centralized vendor data, contracts and communication

Vendor onboarding and approval

More details & conditions: Vendor Management

Supplier performance monitoring

Categories: Procurement

Spend Analysis

Real-time dashboards

Custom report builder with 20+ filters and 150+ data points

More details & conditions: Spend Analysis

AI Assistant spend analysis

Categories: Procurement

Invoice Processing

AI invoice capture and extraction

Invoice matching and approval

More details & conditions: Invoice Processing

Invoice payments

Categories: Procurement

Catalog Management

Supplier catalogs with pre-approved items

Item and service catalog

More details & conditions: Catalog Management

PunchOut catalogs

Categories: Procurement

Workflow details

Three Way Match
Yes

Categories: Purchasing · Procurement

Supplier Portal
Yes

Categories: Purchasing · Procurement

Budget Controls
Yes

Categories: Purchasing · Procurement

Pricing

Common pricing conditions

Applies to: AP Module · Core · Automation · Enterprise

Cancellation Policy Url
precoro.com/terms
Export included in the plan
Yes

AP Module

USD 499 / flat fee / monthBilled annually

USD 499 / flat fee / month

Billed annually

Commitment Months
12

Plan details & limits

Business Model
  • Subscription

Core

USD 499 / flat fee / monthBilled annually

USD 499 / flat fee / month

Billed annually

Commitment Months
12

Plan details & limits

Business Model
  • Subscription

Automation

USD 999 / flat fee / monthBilled annually

USD 999 / flat fee / month

Billed annually

Commitment Months
12

Plan details & limits

Business Model
  • Subscription

Enterprise

Contact vendorBilled annually

Contact vendor

Billed annually

Access in this plan

Hosting Regions
  • United States
  • European Union

Plan details & limits

Business Model
  • Subscription
Limits
  • Users

    Unlimited

Technical details

API

API access conditions
  • API access is listed for the Automation and Enterprise plans and the AP Module; the Core plan does not list it.
Programmatic access
Yes

Deployment

Client Channels
  • Browser
  • Mobile app
  • API
Delivery Models
  • Cloud (SaaS)

Implementation

Delivery Mode
  • Vendor
Typical Duration
Unit
Weeks
Scope
Standard onboarding, depending on team size and needs
Maximum
6
Minimum
4
Estimate kind
Vendor estimate

Customization

Skill Level
  • No code

Languages & regions

Support Languages
  • en

Reliability

Uptime SLA Percent
99.9

Security

Access Models
  • Role based
Assurances
  • Kind
    Audit report
    Standard
    SOC 2 Type II
  • Standard
    GDPR
  • Standard
    UK GDPR
  • Standard
    CCPA
  • Standard
    HIPAA
Encryption At Rest
Yes
Encryption In Transit
Yes

Support

Training Formats
  • Documentation
  • Video
  • Live online

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