Easy start

No IT tickets or endless how-to meetings to implement our vendor management solution. With Precoro, you can hit the ground running fast.

  • Go live in just 2–8 weeks, depending on your company size.
  • Rely on white-glove support throughout the implementation.
  • Receive training materials your team will actually use.

User-friendliness

You don’t need to be tech-savvy to use our vendor performance management software. The interface is clean, intuitive, and built to be user-friendly for everyone.

  • Requesters and buyers get simple templates to fill out.
  • Every module is easy to navigate—even for first-timers.
  • Reports take minutes to create, not hours.

Full visibility

See what’s happening at every stage. Our vendor information management software gives you complete transparency into your vendors, spending, and procurement activity.

  • See who approved what, when, and where the document is now.
  • Browse pre-approved catalogs with prices, product descriptions, and categories.
  • Monitor company-wide spending in the vendor management system.
  • Keep tabs on stock levels and movement in real time.

Collaboration across teams and entities

Vendor management runs more smoothly when finance, procurement, and operations stay in sync.

  • Give every department access to the relevant vendor data in the vendor performance management software.
  • Compare terms and pricing company-wide.
  • Standardize vendor lists, catalogs, and terms across locations.

High level of customization

Precoro is built to fit your workflows. You can experiment with settings until the vendor management solution is customized perfectly.

  • Use custom forms and fields to create document templates that match your process.
  • Set up simple or advanced approvals workflows.
  • Build custom reports with over 150 data points.

Scalability with business growth

Precoro is more than just vendor management software for small businesses. Whether you have 5 or 50 entities, the platform matches your needs.

  • Keep purchasing fast and reliable, even as order volumes grow.
  • Easily manage vendors across multiple entities.
  • Work in different currencies without a hitch.

Biotechnology

Technology

Hospitality

Healthcare

Construction

Education

Non-profit

Renewables

Automotive

Telecommunications

Marketing

Manufacturing

Aerospace

Gas

Oil

Retail

Engineering

Finance

Consumer Packaged Goods

Logistics

Transportation

Banking

Spend Management

Implement the best spend management software to ensure 100% spend control and achieve up to 5% of yearly budget savings.

Procure-to-Pay Automation

Adopt procure-to-pay software and simplify your workday—because you can’t manage everything in spreadsheets forever.

Accounts Payable Automation

Optimize your accounts payable operations by automating manual processes with Precoro. Simplify document processing and focus on strategic tasks.

Supplier Relationship Management

Simplify and strengthen your supplier management. Onboard and evaluate suppliers with ease and provide them with a convenient tool for cooperation.

Vendor Management

Build stronger relationships with vendors and get better deals. See how Precoro helps you onboard vendors, track performance, and stay in sync.

Purchase Requisition Management

Use straightforward purchase requisition software with easy-to-follow templates and customizable approval workflows.

Mobile Procurement

Speed up procurement processes with the Precoro mobile app. Easily monitor spending, approve orders, and collaborate with your team on the go.

Intake Management

Transform your requesting and buying processes with seamless, effortless intake management.

Three-Way Matching and OCR

Check out how our 3-way match software uses Google's custom data extractor to process invoices and match them to POs and receipts.

Invoice Approval Process

Approve invoices 3.5x faster with Precoro. Enjoy full visibility into documents and pay only for verified bills.

AI in Procurement

Simplify your AP workload and achieve flawless document accuracy with our AI procurement software.

Vendor management system for compliant buying

Optimize your vendor management process with Precoro's centralized platform. Seamlessly onboard, approve, track, and collaborate with suppliers to enhance procurement efficiency.

Manage vendors with zero friction and full visibility

Vendor management shouldn’t be a headache (and with Precoro, it isn’t).

Centralized vendor database

Store vendor contacts, certifications, and product catalogs in the online vendor management system and ensure everyone sees who the approved vendors are.

Multi-entity visibility

Work from a single source of truth for all your entities. See all the supplier data, purchases, and expenses in one vendor management solution.

Better terms through vendor consolidation

Consolidate vendor lists and spending across teams or locations to get the upper hand at the negotiation table.

Procurement connected smoothly

Easily capture employee requests, create purchase orders, process invoices, and track spending. In Precoro, vendor management is a part of the procurement workflow, not an isolated process.

Seamless communication

Make it easy for vendors to work with you. Let them respond to RFPs, submit invoices, and update their info and product catalogs in a dedicated Supplier Portal.

Contract tracking

Store procurement agreements and set automatic reminders for renewals or expirations to maintain compliance.

Seamless vendor management from start to finish

Precoro is all you need for the complete vendor management process.

Select the best bids

Use our vendor management software solution to select the best bids for new projects.

  • Create RFPs with simple templates or directly from purchase requisitions.
  • Send to vendors and track who’s opened, responded, or declined.
  • Pick the most cost-effective bid or approve suppliers on a per-item basis.
  • Turn approved proposals into purchase orders in a few clicks.
  • Already have a supplier quote? Upload it, and Precoro’s AI automatically extracts the data and converts it into a structured purchase requisition—ready for approval in seconds.

Onboard new vendors

Minimize back-and-forth emails. Make sure onboarding is fast and error-proof with the vendor management solution.

  • Set up approval workflows in the vendor management system before a vendor gets added.
  • Create custom onboarding forms to collect the right info from the start.
  • Sync vendor details with your accounting and ERP software.

Oversee vendor management

Store all vendor and supplier details in a reliable vendor management system. This way, you stay in the loop on all vendor-related operations and minimize supply chain disruptions.

  • Keep vendor catalogs organized with up-to-date company details.
  • Store contracts in one place and get notified before they expire.
  • Track POs and invoices in real time to stay on top of the P2P cycle.
  • Maintain a clear audit trail and stay compliant with internal rules.

Communicate with suppliers

Open a direct line of communication with vendors through Precoro’s Supplier Portal.

  • Let suppliers create and update their item catalogs.
  • Manage RFPs and vendor responses in our vendor management system and move faster.
  • Give vendors direct access to submit invoices and check payment status in the portal.
  • Automatically send POs to speed up order fulfillment.

Analyze spending and adjust negotiations

Monitor vendor performance via the vendor management solution and find cost-saving opportunities.

  • Track spending by supplier and use the findings to negotiate discounts with preferred vendors.
  • Monitor all orders across the company and purchase in bulk to save money.
  • Track historical spending and current expenditures in the vendor information management software.
  • Create reports on vendor details, contracts, and items.

How Precoro is making a difference

You can get more done with less hassle. Precoro is a vendor management system that makes procurement and vendor management actually enjoyable.

USER FEEDBACK

  • Andi N. - Purchasing Director
    When we started with Precoro, we were formalizing our purchasing department. Working with Precoro allowed us to create processes and procedures, understand our expenses by department, and grade our vendors and their performance. Efficiency, organization, and cost savings increased tremendously. We all love Precoro!

  • Luan B. - Head of Finance
    Precoro is a simple and highly efficient vendor and expense management workflow system that delivers value for money. I couldn't recommend it more highly to any company looking for an easy to implement tool, that is cloud based, virtually plug and play, simple and intuitive to use. We've saved enormous time and enhanced our internal controls environment substantially with the implementation of Precoro. High five to the team!

  • Gregory D. - Chief Information Security Officer
    Precoro allows us to simplify and streamline our ordering process, from the statement of requirement to PO validation flow, vendor management, invoicing, and reconciliation. It is a 100% SaaS platform—so easy to access and no maintenance required.

  • Verified User - Education Management
    Precoro is an excellent platform for requisitions, invoices, and accounts. I have used other competitive products and this by far is the most user-friendly.

  • Rahul K. - Risk Management
    Precoro is a great option for a comprehensive and user-friendly tool to streamline our purchasing and track our spending.

  • Orly D. - Mid-Market (51-1000 Emp.)
    I highly recommend Precoro for any organization seeking a robust and efficient procurement solution. Our experience with Precoro has been exceptional, largely due to their outstanding customer support and dedication to client satisfaction.

  • Mark H. - Director of Learning
    What was a black box and invisible to me has become visible and useful.

  • Mary Catherine A. - Director of Finance
    I had an amazing experience with Precoro and the team. I always knew I could reach out and would get the help I needed. My organization found it easy to use, and everyone was trained quickly.

  • Brenda G. - Head of Procurement
    Precoro has been very helpful with budget tracking; we are able to tell at any time the status of any budget, thus making solid and on-time decisions. Supplier management has also been a plus.

Trusted across teams and industries

850+ ratings across the web.