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Precoro Procurement and Spend Management Blog

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Website title: Precoro: Procurement Software for Purchasing Centralization & Automation

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What is procurement?
Procurement is a function that controls how a company spends money on external goods and services. It involves selecting suppliers, negotiating contracts, ensuring quality and compliance, and optimizing costs and delivery to meet the organization’s operational and strategic objectives.

Often, we take procurement for granted. With...


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Precoro has been selected as the winner of the “Spend Management Innovation Award” by FinTech Breakthrough, an independent market intelligence organization.

About the FinTech Breakthrough Awards

The FinTech Breakthrough Awards is an annual program that honors compa...


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Over the past few years, a major shift has reshaped invoice processing: governments worldwide are rolling out mandatory e-invoicing requirements to reduce tax fraud and close VAT gaps. As this transition gains momentum, the traditional way of ...


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A diversified supplier base is a procurement team’s most powerful weapon and the tool that is most frequently undervalued and underinvested in. In this guide, we provide the strategies, metrics, and governance structure needed to shift the supplier base from a planning tool to a metric-driven competitive advantage.

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Definition: Vendor risk management is the practice of managing, monitoring, and reducing risks that arise when organizations rely on third-party vendors, partners, and cloud services. Comprehensive VRM programs typically cover the full lifecycle of both new and current vendor partnerships.


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