Precoro, the procurement centralization and automation platform, has introduced its AI Assistant, a native chatbot that delivers real-time insights from purchasing data to finance, procurement, and accounts payable teams. This tool eliminates the need for manual dashboard navigation or analyst dependencies, allowing users to query spend details and supplier performance directly for faster, data-driven decisions in procurement management.
Procurement teams often face delays from fragmented data sources and manual reporting, hindering timely spend decisions and supplier oversight. Precoro's AI Assistant addresses this by providing a unified view of all purchasing data within the platform, enabling instant responses to queries on cash outflows, budget projections, and approval bottlenecks. Users apply simple filters for suppliers or time periods, receiving actionable answers that enhance transparency and control without technical barriers.
The AI Assistant integrates seamlessly into Precoro accounts, requiring no additional configuration or coding, making it accessible to non-experts in finance and procurement automation. Common use cases include forecasting 30-day cash outflows, assessing annual budget adherence based on trends, or pinpointing approval delays. Follow-up interactions build on prior context, while query history facilitates ongoing analysis and informed strategies for cost management.
"We noticed that procurement teams were investing too much time in analyzing data," said Andrew Zhyvolovych, CEO of Precoro. "So we built the AI Assistant to give every finance and procurement leader the power to act in real time, without waiting on reports or analysts."
This innovation aligns with Precoro's commitment to embedding intelligence across operations, paving the way for future enhancements in data consolidation, spend visibility, and supplier dynamics.
"The AI Assistant isn't the latest step in Precoro's journey to embed intelligence across procurement operations," added Zhyvolovych. "Our upcoming innovations will further support businesses in consolidating purchasing data, improving spend control, and optimizing supplier relationships."
Precoro's platform continues to evolve, fostering efficient, transparent workflows that align procurement with broader business objectives, serving over 1,000 organizations across 80+ countries.
Precoro is a procurement centralization and automation platform that brings every request, approval, and vendor interaction into one place. By replacing the chaos of emails, scattered ERP modules, and manual processes with a single connected workflow, teams gain full transparency and oversight over purchasing.
Built on over a decade of experience in procurement automation, Precoro's intuitive interface makes adoption simple for teams of any technical background, while its AI-powered features automate repetitive tasks and reduce errors. The platform adapts to the unique needs of each organization, providing flexibility without sacrificing control.
Today, over 1,000 organizations in 80+ countries trust Precoro to transform procurement from a scattered, time-consuming process into a unified, efficient, and cost-conscious operation.
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