The new capability, Precoro Payments, allows users to initiate ACH, same-day ACH, and wire transfers immediately after an invoice receives approval. By embedding payment execution into the existing procurement workflow, the platform eliminates the need for teams to switch between external banking sites and ERP systems. All transaction data syncs automatically, ensuring that every payment remains linked to its original purchase order and invoice for audit purposes.

Precoro CEO Andrew Zhyvolovych stated that the move aims to reduce handoffs and delays that plague traditional accounts payable cycles. Beyond just processing funds, the system provides real-time status updates, allowing finance departments to track whether transactions are pending or completed. This functionality complements Precoro’s existing AI-driven tools, which already handle invoice capture, PO matching, and approval routing. Currently, more than 1,000 organizations across 80 countries utilize the platform to standardize their procurement processes. The payment services are facilitated through a partnership with Stripe, with funds held at Fifth Third Bank.