Precoro Adds Payment Execution to Close Procure-to-Pay Loop

Procurement platform bridges approval-to-payment gap

Precoro has launched an integrated payment capability that allows finance teams to execute invoice payments directly within its procurement platform, eliminating the manual steps that typically separate approval from payment execution.

The new feature, called Precoro Payments, supports ACH, same-day ACH, wire transfers, and international payments. Built in partnership with Stripe, the capability automatically syncs payment data to ERP systems, according to details first reported in a company announcement.

More than 1,000 organizations across 80-plus countries currently use Precoro for procurement centralization and automation.

Why it matters

The gap between invoice approval and actual payment remains a persistent friction point in accounts payable operations. Even organizations that have automated invoice capture and approval workflows often revert to manual data entry when initiating payments through separate banking portals. This introduces error risk, creates audit trail gaps, and delays payment execution. By embedding payment initiation directly into the approval workflow, Precoro eliminates system-switching and data re-entry while maintaining full traceability from purchase request through payment completion.

Completing the procure-to-pay cycle

Precoro CEO Andrew Zhyvolovych said the payment feature addresses a longstanding disconnect in financial operations. "Finance teams shouldn't have to bridge the gap between invoice processing and payment execution with manual steps or fragmented systems," he stated in the announcement.

The payment functionality represents the final component in Precoro's accounts payable processing suite, which already includes AI-powered invoice capture, automated invoice-to-purchase-order matching, configurable approval routing, and real-time ERP synchronization.

Once an invoice receives approval, users can initiate payment immediately from the same record. Supplier information, payment amounts, and currency details populate automatically from the approved invoice. Finance teams maintain control through built-in review options and can create payment drafts for additional validation when needed.

Payment status updates in real time, providing continuous visibility into transaction progress. Each payment maintains connections to its originating invoice and purchase order, creating an unbroken audit trail across the entire procure-to-pay cycle.

Technical implementation

Precoro partners with Stripe Payments Company for money transmission services, with account services provided through funds held at Fifth Third Bank, N.A., Member FDIC.

The platform serves mid-sized companies seeking to establish spending controls before transactions reach their ERP systems. Precoro connects procurement workflows across departments and business units, replacing ad hoc purchasing with structured processes.

Details of the payment automation launch were first reported by Precoro in a June 16, 2026 announcement.