Precoro is a procurement and spend-centralisation platform for mid-sized and multi-entity organisations. Its modules cover intake management, purchasing with pre-approved vendors and workflows, accounts payable with AI-assisted invoice processing and matching, payment automation, supplier management with a supplier portal, and spend tracking against budgets. It also issues prepaid virtual spending cards. Precoro is delivered as a cloud service.
Precoro lists New York in the United States as its headquarters, with offices in Berlin, Warsaw and Vilnius. As a US-headquartered company it is subject to US law, which is relevant for the CLOUD Act even when data is stored in Europe. Customers can choose US-based or EU-based hosting, according to the vendor, and the security page names DigitalOcean as the cloud provider, with facilities across several regions. A European organisation should select the EU hosting option explicitly and confirm it in writing. The platform is proprietary and not open source.