Precoro

What is Precoro?

Precoro is a procurement and accounts payable platform for mid-sized companies with distributed operations or multiple legal entities. It covers intake, purchasing, approvals, budgets, suppliers, invoices and payments, with AI agents handling routine work.

Key features of Precoro

• Procurement workflow: intake forms, configurable approvals, purchase orders, receipts and budget tracking.
• Accounts payable: AI-assisted invoice capture, invoice-to-PO matching, duplicate detection and e-invoicing.
• Payments: pay approved invoices by ACH, wire or international transfer.
• Spend control: prepaid virtual cards, expense processing from receipt photos and overspending alerts.
• Suppliers and contracts: supplier portal and a Contract Agent that extracts terms and renewal dates.
• Catalogs and reporting: internal catalogs, PunchOut shopping and scheduled reports.

How Precoro works

Employees raise requests that route through approvals and budgets into purchase orders. Invoices are captured and matched to POs, and approved data syncs to the ERP, which remains the accounting system of record.

Who uses Precoro?

Finance and procurement leaders at mid-sized companies. The vendor reports 1,000+ customers and $150B in managed spend across 80+ countries, with SOC 2 Type II, GDPR and CCPA compliance.

Precoro pricing

Precoro lists Core from $499 per month, Automation from $999 per month and an AP Module from $499 per month, billed annually, with Enterprise custom. There is no formal contract, cancellation needs 30 days notice, and no free trial is mentioned; a personalized demo is offered.

Precoro integrations

Precoro integrates with QuickBooks Online, Xero, NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, Slack and Power BI, and supports PunchOut vendor catalogs.

Precoro alternatives

The listed alternatives are translation and localization tools, which serve a different job. For procurement, teams often compare Precoro with other purchase-to-pay platforms.