Precoro
Precoro is an AI-powered procurement centralization and automation platform designed to help businesses track, control, and save on purchases across projects, location…
Our verdict
Who it's for
AI-powered platform for centralized procurement and automated accounts payable.
Who should look elsewhere
Pricing for certain plans starts at a significant monthly investment, which may be a considerable expense for very small businesses or startups.
Pros
- +Significantly faster month-end close and purchasing cycles.
- +Improved control and visibility over multi-branch spending.
- +Reduced purchase document error rates.
- +Intuitive and easy to adopt for users.
- +AI-powered features reduce manual work and increase efficiency.
Cons
- −Pricing for certain plans starts at a significant monthly investment, which may be a considerable expense for very small businesses or startups.
- −Some plans lack advanced features like AI-powered AP automation, intake management, inventory, PunchOut catalogs, and a supplier portal, which are only available in higher-tier plans.
- −Some features are listed as 'Coming soon', indicating they are not yet fully available.
Key features
- ✓Intake management with smart forms
- ✓Purchasing with pre-approved vendors and workflows
- ✓AI-powered AP automation with OCR for invoice data extraction
- ✓Supplier management and centralized Supplier Portal
- ✓Spend management and budget tracking
- ✓Automated approvals with no-code configuration
- ✓PunchOut catalogs for controlled shopping
- ✓Mobile app for on-the-go requests
Pricing
| Plan | Price | Billing | Notes |
|---|---|---|---|
| Core | $499 | month | Procurement basics: PRs POs Receipts Invoices; 2- and 3-way match; Automated approvals |
| Automation | $999 | month | Everything in Core; AI-powered AP automation: OCR AI expenses and AI assistant; Procurement operations: Intake management Inventory PunchOut catalogs |
| Enterprise | — | month | Everything in Automation; Capability & Access: Unlimited users Advanced admin controls; Integrations: ERP systems Custom-built integrations |
| AP Module | $499 | month | Invoices; AI-powered Google OCR; Budget management |
Integrations
Slack