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Cloud-based procurement automation for SMEs
Precoro is a cloud-based procurement automation platform designed for small and mid-sized businesses that want to eliminate manual purchasing processes without the complexity and cost of enterprise procurement systems. Founded in 2015, Precoro serves companies across technology, healthcare, retail, and professional services. The platform covers the complete purchase-to-pay cycle: purchase requests, approval workflows, PO creation and management, goods receipt, invoice matching, and payment approval. Budget management provides real-time visibility into department and project budgets against approved spending. Vendor catalog management allows creating internal product catalogs with negotiated prices. Custom approval workflows can be configured to match any organizational structure without code. Precoro's integrations connect with QuickBooks, Xero, NetSuite, Sage, and other accounting systems for automated journal entries. The platform's reporting provides spending analytics, vendor performance metrics, and budget utilization dashboards. OCR-powered invoice processing reduces manual data entry. Precoro's mobile-first interface enables approvals and requisitions from any device. Onboarding is rapid—typically 1–2 weeks—and the self-service configuration reduces IT dependency. Customer support is highly rated, with dedicated account managers and fast response times. Precoro's pricing is transparent and scalable, making it particularly attractive to companies with 50–500 employees. The platform also serves distributed teams and remote-first organizations effectively.