Draft:Precoro

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Draft:Precoro
  • Comment: Tech Times is not a reliable source. Further, I'm not really seeing notable coverage here that is secondary and not just WP:ORGTRIV Sulfurboy (talk) 20:55, 27 July 2026 (UTC)

Precoro, Inc.
TypePrivate
IndustrySoftware as a service (SaaS), Procurement software
Founded2015
Headquarters
Brooklyn, New York
,
United States
Key people
Andrew Zhyvolovych (CEO)
ProductsProcurement and spend management software
Websiteprecoro.com

Precoro (founded in 2015) is an American cloud-based procurement and spend management software company. Its platform supports the procure-to-pay (P2P) process.

History

Precoro, inc. was founded in 2015 in Brooklyn, New York, by Andrew Zhyvolovych. The company initially launched its software application as a digital purchase order and request tool.[1] Later, it expanded the platform to include inventory tracking, supplier management, and invoice automation.[2][3]

In 2025, market research firm International Data Corporation (IDC) recognized Precoro for its AI enabled procure to pay applications.[4][5] That the same year it was certified as a B Corporation by the non profit organization B Lab.[6] In June 2026, the company established an application programming interface (API) integration with the financial automation network BILL.[7][8]

Services

Precoro provides procurement automation software that supports the procure-to-pay (P2P) process, including requisition management, purchase order processing, supplier management, inventory tracking, invoice reconciliation, and budget controls.[9][10] The platform is used by mid-market companies, including organizations with multiple legal entities.[2]

The software uses real time validation to check transaction values against pre-defined corporate budgets. It blocks requisitions that exceed specified fiscal limits. Precoro uses AI and machine learning, for document processing, document matching, and spend anomaly detection.[11] The software has security protocols that include role based access controls and compliance audits under SOC 2 and General Data Protection Regulation (GDPR) frameworks.[7]

See also

References

  1. ^ Williams, Carl (23 December 2025). "How Precoro Expanded from Purchase Order Tool to Full Procure-to-Pay Platform Since 2015". Tech Times. Retrieved 24 July 2026.
  2. ^ a b Thompson, David (6 February 2026). "Precoro Shifts Focus Multi-Entity Procurement Since Mid-Market Demands Evolve". VC Post. Retrieved 24 July 2026.
  3. ^ "One process, several legal entities". The Baltic Times. 24 March 2026. Retrieved 24 July 2026.
  4. ^ Reymann, Patrick (15 March 2025). "IDC MarketScape: Worldwide AI-Enabled Procure-to-Pay Applications 2025 Vendor Assessment". International Data Corporation. Retrieved 27 July 2026.
  5. ^ "Precoro launches AI Assistant to eliminate reporting bottlenecks and speed up spend decisions". www.ajot.com. Retrieved 24 July 2026.
  6. ^ "Precoro Inc. - Certified B Corporation". B Lab. Retrieved 27 July 2026.
  7. ^ a b "Precoro Announces API Integration with BILL to Deliver Intelligent Financial Automation to Mid-Market Organizations". TMX Newsfile. 2 June 2026. Retrieved 27 July 2026.
  8. ^ Levi, Ryan (10 March 2026). "Procurement Software Market Welcomes New Competitors". Headlines & Global News. Retrieved 27 July 2026.
  9. ^ "Cash flow starts before the invoice". Business Today (Malta). 5 May 2026. Retrieved 27 July 2026.
  10. ^ "Why procurement automation is really about rules". Business Matters. 14 April 2026. Retrieved 27 July 2026.
  11. ^ Daniel, Wyles (21 October 2025). "How One SaaS Founder Built a $40B Procurement Platform by Solving the "Visibility Problem"". Tech Times. Retrieved 27 July 2026.

Category:American companies established in 2014 Category:Software companies established in 2014 Category:Software companies based in New York City Category:Companies based in Brooklyn Category:Business software companies Category:Cloud computing providers Category:Privately held companies based in New York City

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