Precoro
by Precoro · Procurement & Sourcing
Cloud procure-to-pay platform centralizing purchasing, approvals, and AP for growing businesses
- Works with
- NetSuite, QuickBooks Online, Xero, Sage Intacct, Microsoft Dynamics 365 Business Central, BILL, Custom / internal systems
- Deployment
- Cloud
- Company size
- SMB, Mid-market
- Pricing
- Subscription, billed annually; plan-based tiers
- Founded
- 2015
- Headquarters
- Brooklyn, New York, USA
Overview
Precoro is a cloud-based procurement and accounts-payable platform that centralizes purchasing across teams, locations, and business units. It covers the full procure-to-pay cycle, from purchase requests and approval routing through purchase orders, receiving, three-way invoice matching, and payment, giving finance and procurement teams visibility and control over committed and actual spend in a single system.
The platform is built around no-code, configurable approval workflows that route requests by department, project, cost center, or amount, alongside budget tracking with real-time overspend alerts. Buying is supported through internal catalogs and PunchOut connections to suppliers such as Amazon Business and Staples, while vendor management includes a supplier self-service portal and contract storage. An AP module adds AI-assisted invoice data extraction, three-way matching, and payment processing via ACH, wire, and international transfer.
Precoro targets small and mid-sized organizations that have outgrown spreadsheets and email-based purchasing but do not need a heavyweight enterprise suite. It integrates with common SMB and mid-market accounting and ERP systems, syncing purchase orders, bills, vendors, and GL data so procurement activity flows into the system of record. The company reports serving 1,000+ customers across 80+ countries, and was named a Major Player in the IDC MarketScape Worldwide AI-Enabled Procure-to-Pay 2025 Vendor Assessment.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Purchase Requests & Orders
Guided buying from request to approved purchase order.
- Custom request forms with guided, user-friendly intake
- One-click conversion of approved requests into purchase orders
- Blanket, recurring, and service purchase orders
- Internal catalogs with approved items, images, prices, and SKUs
- PunchOut catalogs to Amazon Business, Staples, Home Depot, and Grainger
- Catalog organization by location or project
Approval Workflows
No-code routing and policy enforcement.
- Configurable approval routing by department, amount, project, or custom criteria
- Multi-step and conditional approval chains
- Approval deadline enforcement
- Role-based access and permissions
- Audit trails and compliance documentation
Budgeting & Spend Control
Real-time visibility into committed and actual spend.
- Budgets by cost center, department, or project
- Real-time budget tracking against committed spend
- Overspend alerts and warnings
- Customizable spend reports by supplier, category, department, and location
- Power BI integration for analytics
Accounts Payable & Invoicing
AI-assisted invoice capture through to payment.
- AI-powered invoice data extraction
- Three-way matching of orders, receipts, and invoices
- Payment processing via ACH, wire, and international transfer
- BILL integration for payments
- Invoice approval workflows
Vendor & Inventory Management
Supplier onboarding, contracts, and receiving.
- Supplier onboarding and self-service supplier portal
- Contract storage and management
- Receipt confirmation tracking ordered vs. received items
- Supplier delivery performance monitoring
- Warehouse-level inventory visibility with low-stock alerts
- Internal stock request handling
Platform & Access
Mobile, integrations, and security controls.
- Mobile app for requests and approvals
- Single Sign-On (SSO) and multi-factor authentication
- REST API for custom integrations
- SFTP connector for data synchronization
- Slack integration for notifications and approvals
Common use cases
- Centralizing purchasing across multiple locations, subsidiaries, or business units
- Replacing spreadsheet- and email-based purchase approvals with policy-driven workflows
- Enforcing budgets and preventing overspend before purchase orders are issued
- Automating AP with AI invoice capture and three-way matching
- Syncing approved purchases and bills into NetSuite, QuickBooks, Xero, or Sage Intacct
- Giving finance real-time visibility into committed vs. actual spend
- Streamlining supplier onboarding and contract management for SMB procurement teams
Strengths & considerations
Strengths
- No-code approval workflow configuration without developer involvement
- Native connectors to common SMB/mid-market accounting and ERP systems (NetSuite, QuickBooks, Xero, Sage Intacct, Dynamics 365 Business Central)
- Combined procure-to-pay plus AP automation in a single platform aimed at smaller teams
- PunchOut catalog support for mainstream suppliers like Amazon Business and Staples
- Recognized as a Major Player in the IDC MarketScape Worldwide AI-Enabled P2P 2025 assessment
- Consistently high ease-of-use ratings on G2 (4.7) and Capterra (4.8)
Considerations
- No publicly listed free tier; lowest plan starts at $499/month billed annually
- Oriented toward SMB and lower mid-market, not large-enterprise procurement complexity
- Sourcing/RFx capabilities are lighter than dedicated strategic-sourcing suites
- Advanced AP/payment automation is gated to a separate paid module
- Plans are billed annually, with no monthly billing option advertised
ERP integrations
Syncs subsidiaries, locations, POs, bills, and vendor data
Sends orders, bills, and vendors from Precoro to QuickBooks Online
Automated sync of invoices, suppliers, and payments
Syncs invoices, payments, and GL accounts
Pricing
Core $499/mo, Automation $999/mo, AP Module $499/mo, Enterprise custom. Add-ons for additional companies, integrations, concierge setup, and dedicated support. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- DigitalOcean (multi-region)
- Compliance
- SOC 2 Type II, GDPR, UK GDPR, CCPA, HIPAA
- Mobile app
- Yes
About the vendor
- Founded
- 2015
- Headquarters
- Brooklyn, New York, USA
- Employees
- ~110-130
- Ownership
- Private (bootstrapped)
- Notable customers
- Edenred, Infosys, Tymit, Bright Peak Therapeutics, Zeppelin, Cheerz, Serial 1 Cycle Company
Alternatives to Precoro in Procurement & Sourcing
Precoro — frequently asked questions
What does Precoro do?
Precoro is a cloud procure-to-pay platform that centralizes purchase requests, approvals, purchase orders, receiving, three-way invoice matching, and payments, giving finance and procurement teams real-time control over spend.
Which ERP and accounting systems does Precoro integrate with?
Precoro offers prebuilt connectors for NetSuite, QuickBooks Online, Xero, Sage Intacct, and Microsoft Dynamics 365 Business Central, plus BILL for payments and a REST API and SFTP connector for custom integrations.
How much does Precoro cost?
Precoro is subscription-based and billed annually. The Core plan starts at $499/month, Automation is $999/month, a standalone AP module is $499/month, and Enterprise is custom-priced. No free tier is publicly listed.
Is Precoro secure and compliant?
Precoro is SOC 2 Type II compliant and states compliance with GDPR, UK GDPR, CCPA, and HIPAA. It is hosted on DigitalOcean across multiple regions with SSO, MFA, and a stated 99.9% uptime commitment.
Who is Precoro best suited for?
Precoro targets small and mid-sized organizations with distributed teams or multiple locations that need centralized, policy-driven purchasing without the complexity of a large enterprise procurement suite.
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