Precoro is a procure-to-pay system aimed at small and mid-sized businesses. The tool automates purchasing processes, simplifies sourcing activities, and provides complete visibility into business spending.
The platform instantly converts requests into orders, enables businesses to customize workflows, and supports mobile, on-the-go approvals. To help manage budgets, users can create budgets for departments, locations, and other custom fields and set budget limits.
The tool provides warehouse management functionality, stock tracking, and stock transferring, as well as three-way matching of purchase orders, invoices, and receipts. To facilitate better supplier relationships, users can also create and manage supplier portals and lists, set up infinite product catalogs, manage contracts, and receive reports on supplier performance.