Procurement teams no longer need to wade through dashboards or wait on analysts for critical insights. Precoro, the procurement centralization and automation platform, today launched its AI Assistant, a native AI chatbot designed to give finance, procurement, and accounts payable teams instant, actionable insights from purchasing data.

By consolidating all procurement data in one platform, the AI Assistant lets teams ask natural-language questions—like “Which suppliers are overdue?” or “What did we spend on marketing this quarter?”—and receive clear answers in seconds.

Real-Time Insights Without the Hassle

“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.”

The AI Assistant requires no coding, SQL, or extra setup. Users simply open it in their Precoro account, apply filters like supplier or period, and type their questions. Sample queries include:

• “How much cash outflow should we expect in the next 30 days?”

• “If current spending trends continue, will we exceed the annual budget?”

• “Where do approvals get stuck most often?”

Answers are delivered instantly, with follow-up capabilities for deeper analysis. All queries are saved, enabling teams to track trends, refine reporting, and make more informed decisions.

Driving Smarter Procurement

The AI Assistant is part of Precoro’s broader mission to embed intelligence across procurement operations. By giving teams real-time visibility into spend patterns, supplier performance, and approval bottlenecks, the platform helps reduce risk, control costs, and optimize supplier relationships.

“The AI Assistant isn’t the latest step in Precoro’s journey to embed intelligence across procurement operations,” added Zyvolovych. “Our upcoming innovations will further support businesses in consolidating purchasing data, improving spend control, and enhancing supplier relationships.”

With this launch, Precoro positions itself at the forefront of AI-powered procurement, giving organizations a faster, smarter way to manage purchasing operations while keeping teams aligned with business goals.

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