About Precoro
Precoro simplifies procurement by centralizing and automating purchasing workflows, giving teams full visibility and control over budgets and spending. Ideal for decentralized organizations, it ensures compliance, enhances efficiency, and scales with your business. Key features include AI-powered accounts payable automation, supplier management, and real-time spend tracking, all integrated with your existing business tools.
Pricing
Full pricing pageCore
$499 per year
Ideal for small teams with essential procurement needs.
- Procurement basics: PRs, POs, Receipts, Invoices, 2- and 3-way match
- Automated approvals
- Custom fields and workflows
- Service & item catalog
- Spend & Vendor management
- Mobile app
- Integrations: Quickbooks Online, Xero, Slack
- Reporting and analytics
Popular
Automation
$999 per year
Best for growing teams ready to automate processes.
- Everything in Core
- AI-powered AP automation: OCR, AI expenses, AI assistant
- Procurement operations: Intake management, Inventory, PunchOut catalogs
- Vendor collaboration: Vendor onboarding and approval, Supplier Portal, RFPs
- Real-time budget tracking
- Integrations: Advanced integrations, API access, SSO
Enterprise
Custom
Best for companies seeking savings on a global scale.
- Everything in Automation
- Capability & Access: Unlimited users, Advanced admin controls
- Integrations: ERP systems, Custom-built integrations
- Regional server selection: US-based, EU-based
- Security & Compliance: IP white-listing, Enterprise-grade data protection
AP Module
$499 per year
Designed for teams drowning in manual AP work.
- Invoices, AI-powered Google OCR, Budget management
- AI expenses, AI assistant
- Vendor management, Vendor onboarding
- Automated approvals
- Reporting and analytics
- Accounting integrations, API access, SSO
- Mobile app
FAQ
Procurement is the process by which an organization acquires goods, services, or works from external suppliers to meet its needs. It involves identifying requirements, selecting suppliers, negotiating contracts, making purchases, and managing delivery and payment.
Accounts payable (AP) is the process a company uses to manage the money it owes to suppliers for goods or services it has received. It includes receiving and verifying invoices, approving payments, and ensuring bills are paid on time.
Vendor management is how a company selects, works with, and monitors suppliers to ensure they meet agreed terms and performance standards. It includes managing contracts, monitoring performance, handling communication and issues, and building long-term relationships.
Spend management is how a company plans, tracks, and controls its business spending to make sure money is used wisely and in line with budgets and policies. It covers the full journey of spend, from purchase requests and approvals to purchasing, invoicing, and reporting.
3-way matching is a process in accounts payable that helps ensure invoices are accurate before payment. It involves comparing three key documents: the purchase order (PO), the goods receipt or service report, and the supplier invoice. Payment is only approved if all three documents match in terms of quantities, prices, and terms.
Spend management software is a tool that helps companies track, control, and optimize their business spending. It automates and organizes purchase requests, POs, approvals, procurement, invoicing, expense reimbursements, and reporting, giving teams clear visibility into where money is going.
A vendor management system (VMS) is a tool used to manage and organize all vendor-related activities in one place. It helps companies track supplier information, manage contracts, monitor performance, control approvals, and keep communication and documentation organized.
To manage accounts payable effectively, verify each invoice against purchase orders or delivery receipts, approve invoices promptly, and schedule payments to keep cash flow under control. Keep organized records for audits and compliance, and resolve discrepancies as soon as they appear. Use AP automation tools to speed up invoice capture, approvals, and tracking.
Alternatives to consider
See all alternatives
Badges
Promote Precoro giving it more exposure, by adding these badges to your website, documentation, or product listing. Each badge links back to Precoro page on Webfolio.
<a href="https://www.webfolio.to/tools/precoro?utm_source=badge&utm_campaign=badge" target="_blank" rel="noopener noreferrer"><img src="https://www.webfolio.to/badges/featured_color.svg" alt="Featured on Webfolio" style="max-width: 150px" /></a>
Pricing summary
Starting from
$499/month billed annually
Categories
Claim this tool
Are you the founder? Claim your profile to update details and track views.