# Precoro: what it sells, price and AI features

URL: https://www.newsprint.com/companies/precoro/
Covers: Oct. 2, 2025 to April 21, 2026
Updated: 2026-11-11
License: CC BY 4.0, https://creativecommons.org/licenses/by/4.0/
Cite as: Newsprint, "Precoro: what it sells, price and AI features", https://www.newsprint.com/companies/precoro/, updated 2026-11-11

> Precoro is on the AI procurement software map. We record 3 dated launches and events for it. The latest is dated April 21, 2026.

Precoro is purchasing software for mid-sized companies with spread-out operations: requisitions, approvals, purchase orders, receiving, vendor management and analytics. Its homepage describes an Intake agent that turns supplier quotes into approval-ready requests, a Contract Agent, AI invoice processing and an AI Assistant. AI features read supplier quotes into requisitions, extract invoice data and answer spend questions in chat. Source: [precoro.com](https://www.precoro.com/).

## Facts

- Site: [precoro.com](https://www.precoro.com/)
- Category: Source-to-pay suites
- Status: Active

## On the research maps

### [The AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-precoro)

Precoro is purchasing software for mid-sized companies with spread-out operations: requisitions, approvals, purchase orders, receiving, vendor management and analytics. Its homepage describes an Intake agent that turns supplier quotes into approval-ready requests, a Contract Agent, AI invoice processing and an AI Assistant. AI features read supplier quotes into requisitions, extract invoice data and answer spend questions in chat. Source: [precoro.com](https://www.precoro.com/).

- Category: Source-to-pay suites
- Price: not read; check precoro.com/pricing
- AI capabilities: Named agent, Contract review, Assistant, AI intake and Invoice and PO matching
- Scale: Established: a public parent, or a disclosed customer base (Precoro's homepage says 1000+ customers; no funding found.)

Sources: [precoro.com](https://www.precoro.com/), [eznewswire.com](https://www.eznewswire.com/newsroom/precoro-ai-procurement-quote-to-requisition), [eznewswire.com](https://www.eznewswire.com/newsroom/precoro-expands-ai-capabilities-vendor-management), [ajot.com](https://www.ajot.com/news/precoro-launches-ai-assistant-to-eliminate-reporting-bottlenecks-and-speed-up-spend-decisions) and [briefglance.com](https://briefglance.com/articles/precoro-targets-the-final-frontier-of-procurement-integrated-payments).

## Launches and dated events, newest first

### Precoro launches AI for Quotation

Launch, April 21, 2026. Precoro added an AI feature that turns supplier quotes, which arrive as PDFs and images, into structured purchase requisitions within seconds.

Source: [Precoro release via EZ Newswire](https://www.eznewswire.com/newsroom/precoro-ai-procurement-quote-to-requisition). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-precoro).

### Precoro adds AI invoice OCR and vendor insights

Launch, Feb. 24, 2026. Precoro said it "now leverages Google's Custom Extractor" to pre-fill invoice data from uploaded files, building on its existing OCR. The release says the platform can flag duplicate invoices or unusual spending and that AI-driven insights can surface chances to consolidate suppliers.

Source: [Precoro release via EZ Newswire](https://www.eznewswire.com/newsroom/precoro-expands-ai-capabilities-vendor-management). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-precoro).

### Precoro launches its AI Assistant

Launch, Oct. 2, 2025. Precoro launched an AI Assistant, "a native AI-powered chatbot" that answers questions such as which suppliers are overdue or what was spent on marketing, with no coding or SQL.

Source: [AJOT (Precoro release)](https://www.ajot.com/news/precoro-launches-ai-assistant-to-eliminate-reporting-bottlenecks-and-speed-up-spend-decisions). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-precoro).

## Methodology and corrections

How we track launches, and how to report an error: https://www.newsprint.com/updates/pr-software/#methodology