#USA #New York #procurement #Precoro #AI Expense

Precoro Unveils Mobile AI Expense Automation

In a significant leap forward for the procurement industry, Precoro has launched a new mobile-first expense automation feature aimed at reducing manual workload and enhancing spend control. This innovative tool allows users to take a photo of their receipts, with the system automatically populating expense forms in a matter of seconds. This means busy teams can eliminate tedious data entry and save precious time.

Background of the Update

Building upon its advanced AI-driven invoice capture technology, which boasts a remarkable 96% accuracy rate thanks to Google OCR, Precoro's new expense management solution mirrors that efficiency for expense tracking. The traditional slow processing times that often accompany expense reporting can now be a thing of the past, further enhancing the agile workflows necessary for modern teams.

Andrew Zhyvolovych, the CEO of Precoro, emphasized the company's commitment to removing busywork from operational tasks. He stated, "Our mission at Precoro has always been to eliminate busywork so teams can focus on strategic decisions. With this new feature, submitting expenses becomes as simple as taking a photo. It’s about giving people back their time and removing the friction from everyday tasks."

Key Features of the New Mobile Tool

The latest enhancement enables users to generate expense reports directly from their smartphones via the Precoro app. Users only need to snap a photo of their receipt or upload a digital file. The tool will auto-fill critical fields such as:

• - Issue and due dates
• - Total amount and currency
• - Description and expense number

Once the fields are auto-completed, users can easily confirm any missing information before submitting the expense for approval. This streamlined method not only saves significant time but also mitigates the risk of errors that stem from manual data entry.

Designed for Fast-Paced, Distributed Teams

Given the modern work environment where employees often operate remotely or in the field, Precoro’s mobile-first expense automation is specifically tailored to meet these dynamic needs. Employees situated across various locations can now submit expenses quickly and accurately, enhancing productivity while minimizing the likelihood of inaccuracies or forgotten expenses.

The innovation serves as a cornerstone in Precoro’s goal to create a unified platform for procurement processes, reducing inefficiencies and errors that can arise from using disparate tools.

A Step Toward Intelligent Procurement

The launch of the mobile expense automation tool is not just a standalone feature but a pivotal milestone in Precoro's broader strategy of integrating intelligent features into procurement workflows. Zhyvolovych remarked, "This is just the beginning. We're already exploring new AI-powered tools that help users consolidate data and make smarter decisions across all stages of the procurement process."

By continuously removing friction from daily operations, Precoro empowers growing businesses to optimize their procurement procedures, cut operational costs, and gain valuable insights across various spending categories, all done within a centralized system.

About Precoro

Precoro operates as a leader in furnishing procurement centralization and automation solutions. The platform enables organizations to gain full visibility into their procurement processes, controlling expenses while eliminating any spend leakages. Unlike conventional tools in the market, Precoro is designed for comprehensive management throughout the procurement lifecycle, adaptable to diverse departments and locations.

Equipped with a user-friendly interface, Precoro ensures seamless implementation and ease of use, even for those with minimal technical expertise. With a decade of industry experience and a powerful modern technology foundation, Precoro stands at the forefront of accelerating routine tasks and tailoring the platform to specific user needs.

Currently, over 1,000 companies across more than 80 countries leverage Precoro to transition from fragmented procurement strategies to unified and cost-effective processes that align with stakeholder interests. To discover more about what Precoro offers, visit precoro.com.