Precoro is a procurement and spend management software company that has been serving businesses since its founding in 2014.
Precoro offers a cloud-based solution designed to centralize and automate procurement processes, aiming to eliminate manual tasks, prevent unauthorized spending, and drive cost savings for businesses. The platform provides tools for procurement, supplier management, and digital payments, assisting in the purchase and payment processes for businesses.
Established in 2014, Precoro has experienced significant growth over the years. As of 2024, the company employs approximately 98 individuals. It has expanded its services to over 1,000 companies across more than 80 countries, catering to businesses of all sizes, from small and medium-sized enterprises (SMBs) to large enterprises.
Precoro platform encompasses a range of features aimed at streamlining procurement and spend management:
Procurement Automation: Automates purchase orders, approvals, and supplier management to enhance efficiency.
Spend Management: Provides tools to monitor and control company spending, offering insights to identify cost-saving opportunities.
Supplier Management: Facilitates the onboarding and management of suppliers, centralizing information for better collaboration.
Accounts Payable Automation: Streamlines invoice processing and payment workflows, reducing manual effort.
In 2024, Precoro launched a mobile application to facilitate purchasing processes on the go and introduced an AI-powered accounts payable solution utilizing Google OCR technology, setting a new standard in procurement innovation.
Precoro emphasizes a people-first approach, focusing on building long-lasting relationships with clients and developing products with customer needs in mind. The company values innovation, transparency, and collaboration, fostering a culture of trust and integrity through open communication. It also prioritizes delivering value to customers, encouraging boldness, continuous improvement, and respect within its team.
Serving over 1,000 companies in more than 80 countries, Precoro's user base spans various industries, including biotechnology, technology, education, non-profit, construction, healthcare, hospitality, and renewables. The platform is designed to cater to the needs of purchasing managers, CFOs, accounting managers, finance controllers, requesters, and CEOs, among others
