Precoro is a procurement centralization software that streamlines and manages purchasing processes for multi-national teams, aiming to help companies achieve significant savings. It transforms fragmented systems into a centralized hub for intake management, purchasing, and analytics, automating procurement operations and eliminating manual errors. Precoro emphasizes a process-oriented approach, giving users control over requests, custom approval logic, purchasing documents, and company spending, allowing for informed decision-making and complete visibility throughout the procurement lifecycle. Precoro caters to various industries and company sizes, enabling users to customize modules, document fields, and approval workflows without requiring technical expertise. This flexibility makes implementation and onboarding straightforward, even as complexity grows. Precoro acts as a central hub for procurement managers, helping collect, manage, and automate all purchasing activities, while also serving decentralized teams with clear guidelines for requesting, ordering, paying, and approving based on user-defined criteria.
Precoro has the ability to integrate seamlessly with existing ERP systems, like Quickbooks, Xero, and NetSuite, extending their capabilities without the common drawbacks of complex ERP customization. Precoro addresses the limitations in customization, user additions, and user training often found in ERP systems, enabling companies to retain the benefits of their existing investments while enhancing their procurement processes. This makes Precoro a cost-effective solution that improves overall efficiency and control over spending.
Seller
Precoro, Inc
HQ Location
New York, New York, USA
Company Website
https://precoro.com/
Contact
+1 3473891524
Year Founded
2014
Procurement Centralization
Intake Management
Purchasing Management
Analytics
AI-Driven OCR
Multi-National Team Support
Budget Tracking
Spending Control
English
German
French
Spanish
Where does Precoro have offices in GCC?
Not available.
Who are Precoro customers in the Middle East?
Not available.
What is Precoro local address?
Not available.
Is Precoro Platform available in Arabic?
Not available.
Does Precoro platforms use AI? And where?
Precoro extensively uses AI in its platform, particularly in the following areas:
OCR and Invoice Processing: Precoro has partnered with Google to integrate a custom extractor with generative AI for optical character recognition (OCR). This AI-powered system accurately extracts data from invoices, including complex layouts, and learns from patterns to improve recognition over time12.
Three-Way Matching: Precoro's AI-powered 3-way match software automatically compares invoices to purchase orders and receipts, using Google's custom data extractor to understand document structures and detect discrepancies3.
Automated AP Workflows: The AI-powered AP automation module in Precoro handles various tasks, including auto-creating invoices, routing them for approval, and syncing details with accounting tools1.
Fraud Detection: The AI system flags duplicate or potentially fraudulent invoices, enhancing security in the procurement process1.
Data Analysis: Precoro AI capabilities provide insights into spending patterns and payment histories, enabling more strategic decision-making in procurement1.
These AI-driven features aim to improve accuracy, speed up invoice processing, reduce manual errors, and enhance overall efficiency in the procurement and accounts payable processes.
Is Precoro a web3 company?
No.
Are there any web3 components in Precoro?
No.
$499
Per User Per Month
$999
Per User Per Month
Individually tailored pricing
Per User Per Month
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