Precoro review: cloud procurement and spend management software. Compare pricing plans, AP automation features, and top alternatives.
Category
Procurement & Spend Management
Pricing
Subscription, from $499/month billed annually
Verified
Not yet
Last updated
July 19, 2026
Founded
2015
Headquarters
New York, New York, United States (with engineering teams in Kyiv, Ukraine and Vilnius, Lithuania)
Web AppiOSAndroidAPIAI
Overview
Precoro is cloud-based procurement and spend management software that automates the purchase-to-pay process -- requisitions, purchase orders, approvals, receiving, invoice matching, and accounts payable -- for mid-sized organizations moving off spreadsheets or manual processes.
Founded in 2015 and headquartered in New York with engineering teams in Kyiv, Ukraine and Vilnius, Lithuania, Precoro positions itself as a bootstrapped, mid-market-focused alternative to larger enterprise procurement suites.
Key Features
Core functionality includes purchase requisitions and orders, 2- and 3-way invoice matching, custom approval workflows, service and item catalogs, vendor and contract management, expense management, and budget tracking with reporting.
The Automation tier adds intelligent AP automation and e-invoicing, AI-powered document scanning for invoices, an AI assistant, PunchOut catalogs, a supplier portal for vendor onboarding, intake management, and real-time budget tracking, alongside advanced integrations and SSO.
Pricing
Precoro is sold as an annual-contract subscription rather than self-serve monthly pricing. The Core plan starts at $499/month (billed annually) for essential procurement workflows, and the Automation plan is $999/month, adding AP automation and AI features.
Enterprise pricing is custom-quoted for organizations needing unlimited users, ERP integrations, and regional data residency, and a standalone AP Module is also available starting at $499/month for companies that only need invoice and payables automation.
Key Features
Purchase requisitions and orders — Create, route, and track purchase requisitions and orders through custom approval workflows.
Invoice matching — Automate 2- and 3-way matching between purchase orders, receipts, and invoices to catch discrepancies.
AP automation and e-invoicing — Automate accounts payable processing and electronic invoicing on the Automation and Enterprise plans.
Vendor and contract management — Centralize supplier records, contracts, and onboarding through a dedicated supplier portal.
AI document scanning — Use AI to extract and validate data from scanned invoices and documents automatically.
Budget tracking and reporting — Monitor spend against budgets in real time with built-in procurement reporting.
Accounting and ERP integrations — Connect to QuickBooks Online, Xero, NetSuite, and other systems, with custom ERP integrations on Enterprise.
Pros & Cons
Pros
Purpose-built procure-to-pay workflows beyond generic spreadsheets or accounting-software workarounds
AI document scanning and AP automation reduce manual invoice processing
Native integrations with popular accounting platforms like QuickBooks Online and Xero
Supplier portal and PunchOut catalogs streamline vendor collaboration
Positioned as more affordable and faster to implement than large enterprise suites like SAP Ariba
Cons
No published self-serve monthly pricing -- plans start at $499/month on an annual contract
Entry-level Core plan lacks AI automation and supplier-portal features found in Automation
Primarily aimed at mid-market companies, so very small businesses may find it more than they need
As with most procurement software, full ROI depends on disciplined internal adoption of approval workflows
Pricing
Core $499/month billed annually
Automation $999/month billed annually
Enterprise Custom (contact sales) billed annually
AP Module $499/month billed annually
Frequently Asked Questions
How much does Precoro cost?
Precoro's Core plan starts at $499/month billed annually, with Automation at $999/month and custom Enterprise pricing for larger organizations.
What does Precoro's Core plan include?
Purchase requisitions, orders, receipts, invoices, 2- and 3-way matching, approval workflows, catalogs, vendor management, and basic integrations.
Does Precoro use AI?
Yes, its Automation and Enterprise plans include AI document scanning for invoices and an AI assistant.
Does Precoro integrate with accounting software?
Yes, it integrates with QuickBooks Online, Xero, and NetSuite, among others.
Who is Precoro built for?
Precoro is built for mid-sized companies that have outgrown manual or spreadsheet-based purchasing but don't need a full enterprise ERP procurement suite.
Is there a free trial for Precoro?
Yes, Precoro offers a free trial before committing to an annual contract.
Where is Precoro headquartered?
Precoro is headquartered in New York, with engineering teams in Kyiv, Ukraine and Vilnius, Lithuania.
What are Precoro's main competitors?
Commonly cited alternatives include Coupa, Procurify, Zip, and SAP Ariba.