Name: Precoro
Brand: NitDit
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Precoro Review (2025): Pricing, Pros & Cons

Streamlining Procurement: How Precoro Enhances Spend Control and Operational Efficiency

Precoro

What is Precoro?

Precoro is a cloud-based procure-to-pay solution designed to streamline procurement operations for businesses of all sizes. It automates purchasing workflows, enhances budget management, and improves spend visibility. With customizable approval processes, real-time reporting, and seamless integration capabilities, Precoro empowers organizations to reduce manual tasks, prevent maverick spending, and achieve greater operational efficiency. Its intuitive interface ensures quick adoption, making procurement processes more transparent and controlled.

Precoro Company Details

Precoro is a global procurement technology company founded in 2015 with a mission to centralize and automate purchasing processes for businesses worldwide. Serving over 1,000 clients across more than 80 countries, Precoro processes over $40 billion in purchase orders annually. The company has experienced over 50% year-over-year revenue growth and is a proud alumnus of Google for Startups, highlighting its commitment to innovation and industry-leading practices. Headquartered in Vilnius, Lithuania, with offices in New York, Berlin, and Warsaw, Precoro is dedicated to building long-lasting, sustainable, and purposeful business relationships. The company emphasizes environmental sustainability, aiming for carbon neutrality by 2026, and fosters a diverse and inclusive workplace culture. Since 2018, Precoro has supported nonprofits and educational organizations by offering discounts and free consultations to help them manage resources more efficiently.

CEO Name: Andrew Zhyvolovych

Est Year: 2014

Employees: 98

HQ Location: Brooklyn, New York

Andrew Zhyvolovych

CEO

Precoro Demo & Media

Top Features of Precoro

Automated Purchase Requisition Creation

Customizable Approval Workflows

3-Way Matching for Invoices

Real-Time Budget Tracking

Supplier Catalog Integration

Mobile Approval Capabilities

Invoice Scanning and Uploading

Vendor Onboarding Automation

Contract Management and Alerts

Comprehensive Reporting and Analytics

Pros of Precoro

Intuitive and easy to navigate

Tailor processes to fit needs

Monitor spending as it happens

Detailed insights into procurement data

Connects with major accounting systems

Reduces manual errors and workload

Manage procurement tasks on-the-go

Cons of Precoro

Advanced features require training

Constraints in tailoring certain features

Higher price point for some businesses

Occasional challenges with data integration

Initial configuration can be time-consuming

Reduced functionality on mobile devices

Precoro Pricing

Precoro offers three subscription tiers tailored to procurement needs. The Core plan, starting at $499 per month when billed annually, provides essential procurement features and ROI; the Automation plan, at $999 per month billed annually, adds AI-driven workflows and advanced integrations; and the Enterprise plan delivers fully customized procurement centralization and automation with pricing on request. All subscriptions include standard onboarding, continuous support, and optional paid add-ons for added functionality.

Precoro Review Competitor Price Comparison

Find the most cost-effective solution for your business. Check the price comparison of all the software that we listed in this category.

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GoCo

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Payhawk

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93.5%

Smartsheet

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97.75%

Workable

$129

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BambooHR

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Greenhouse

$6,500 per year

$70,000 per year

94.25%

Surfshark

$1.99

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94%

FreshBooks

$6.30

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98%

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What Kind of Support Precoro Offers?

Email Support

Tutorial Videos & Documentation

Forum & Ticket

Phone

Precoro FAQs

Q1. What is Precoro?

Precoro is a cloud-based procure-to-pay (P2P) platform that automates procurement workflows, enhances spend visibility, and streamlines supplier management. It integrates with ERP systems and offers features like customizable approval workflows, real-time budget tracking, and invoice matching, aiming to centralize and optimize procurement processes for businesses of all sizes.

Q2. Who can benefit from using Precoro?

Precoro is ideal for procurement managers, finance teams, and department heads seeking to improve procurement efficiency, enforce compliance, and gain insights into spending patterns. Its user-friendly interface and automation capabilities make it suitable for organizations aiming to reduce manual tasks and enhance operational transparency across various departments.

Q3. How does Precoro handle budgeting and approvals?

Precoro allows organizations to set up budgets per department, project, or account, providing real-time visibility into spending. It features customizable approval workflows to ensure compliance with organizational policies. Users can track pending approvals, monitor budget adherence, and make informed decisions to control costs effectively.

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Review Method

At BeginDot, we go through each product in detail so that we can prove the most authentic information to our audience. We try the products, go through documentation, do research in user sentiments before adding our final recommendation.