Precoro is an AI-powered procurement centralization & automation platform for mid-market that brings enterprise-grade features within reach. Over 1,000 companies already trust Precoro to manage more than $150B in spend across multiple subsidiaries, improving visibility and control while reducing risks from fragmented processes.

Named #1 procurement system by Software Advice for FrontRunners 2024, Precoro unifies P2P into a single source of truth, delivering tangible value to all stakeholders.

Key features and capabilities:

For Approvers — 3.5x faster approval workflow

Reduce approval chasing to zero. With Precoro’s smart approval routing, built-in deadlines, and native mobile app, authorize requests from anywhere, anytime. Once approved, purchase orders and invoices automatically sync with Xero, removing manual work from your shoulders.

For Procurement — 78% shorter purchase cycle time

Create error-free requests and purchase orders faster with AI for Quotations, guided forms and PunchOut catalogs. Precoro centralizes all suppliers and contracts, syncing seamlessly with Xero. With complete visibility into purchasing data and an AI assistant at your side, negotiate better pricing and forecast demand with confidence.

For Accounts Payable — Automated invoice creation with 96%+ accuracy

Use Precoro’s AI to create accurate, ready-to-submit invoices from different file formats (including e-invoices) and automatically match them to the correct purchase order. Need to log an expense? Open the mobile app, snap a receipt, and let Precoro AI fill in the details for you.

For Controllers — Up to 5% budget savings annually

Gain real-time visibility into cash flow and effectively manage corporate expenses with Precoro. Prevent maverick spending and stay within budget limits with Precoro’s flexible budgeting, three-way matching, comprehensive reporting, and detailed audit trails.

For Leadership — Centralized operations that are easy to control and manage

Centralize and automate procurement across subsidiaries to free up your team for business growth. With Precoro’s user-friendly workflows, you’ll reduce operational costs, standardize processes, cut cycle times, and turn procurement into a measurable ROI driver within months.