Precoro Agentic Procurement and AP Platform

Precoro, Inc. is a procurement software company founded in 2015, with offices in New York, London, Warsaw and Vilnius and earlier teams in Kyiv. It serves mid-sized companies, typically with 500 to 10,000 employees, that buy across several locations, departments or entities and still manage requests, approvals and invoices by email and spreadsheets. It reports more than 1,000 customers in over 80 countries.

The platform combines procurement and accounts payable in one system: intake, approval workflows, purchase orders, receipts, budgets, catalogues with PunchOut, suppliers, contracts, inventory, expenses, invoices and payments, with multi-entity and multi-currency support. AI agents turn supplier quotes into approval-ready requests, read invoice layouts for PO matching and duplicate detection, process expense receipts and extract contract terms and renewal dates, while an AI assistant analyses purchase orders and invoices.

• Intake and approvals: configurable multi-level workflows across departments, locations and entities.
• Purchasing: purchase orders, receipts, budgets, catalogues and PunchOut to suppliers such as Amazon, Staples and Grainger.
• AP automation: AI invoice capture, PO matching, duplicate detection and payments.
• AI agents: quote-to-requisition conversion, expense receipt processing and a Contract Agent for terms and renewals.
• Analytics: procurement analytics suite, custom reports and Power BI connection.
• Integrations: QuickBooks Online, Xero, NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central and Slack.

• A logistics company with several depots in Vietnam can centralise purchase requests, approvals and supplier invoices.
• A school or clinic chain can control budgets by branch and match invoices to receipts.
• A mid-sized manufacturer using NetSuite or Dynamics 365 can automate AP and track supplier contract renewals.

• Customer cases cite 7x faster month-end close, a 3x faster purchasing cycle and purchase document errors cut from 30% to zero.
• One system for procurement and AP gives finance real-time budget control before spend is committed.
• Go-live in two to eight weeks with published pricing suits mid-sized companies without large IT teams.
• SOC 2 Type II, GDPR and CCPA compliance with a choice of US or EU servers.

Mid-sized companies are adopting procure-to-pay tools that were once limited to large enterprises, driven by cloud pricing and AI that removes manual invoice entry. In Vietnam and Southeast Asia, growing multi-site firms in logistics, manufacturing, education and healthcare need approval and budget control across branches as they scale and formalise finance processes.

Precoro was founded in 2015 and operates as Precoro, Inc. under Delaware law, with offices in New York, London, Warsaw and Vilnius; it entered Asian and African markets in 2018. It was named a Major Player in IDC MarketScape assessments in 2024 and 2025, won a 2026 FinTech Breakthrough award and is a Certified B Corporation. Customers named include Bollore Transport & Logistics, Riverstone Logistics, Tymit and Green Cell.