Precoro Launches Virtual Cards to Expand Spend Control Beyond Standard Procurement Flow

Businesses can easily embed card payments into Precoro's agentic procurement and AP centralization platform to enable proactive limits and unified financial visibility.

NEW YORK, Oct. 1, 2026 /PRNewswire/ -- Precoro, a leading agentic procurement and AP centralization platform, launched virtual spending cards. Now, U.S.-registered businesses have access to pre-approved funds with automated guardrails for their business expenses.

Companies can quickly issue fee-free prepaid cards, establish granular spending limits, attribute transactions to specific legal entities, and seamlessly add cards to Apple Pay and Google Pay. The cards tap directly into the Precoro Financial Account, the same infrastructure powering Precoro Payments, launched in June 2026.

"Precoro Payments gave finance teams a simple way to pay approved invoices right in the platform. But we noticed that one-time and local purchases often fell outside that flow, so employees used separate corporate cards or filed expense reports," said Andrew Zhyvolovych, CEO of Precoro. "With spending cards, those purchases can now be managed in Precoro, too. Employees get a faster way to pay, while finance teams can approve spending upfront, set limits, and see how the cards are being used."

Proactive control before payment

Unlike traditional corporate credit cards, Precoro's spending cards draw on funds the company already has in its account. Finance teams set the rules and cap spending by transaction amount and timeframe. Every transaction is checked against the configured limit and available balance, and purchases that exceed those boundaries are automatically declined.

Unified management across legal entities

Precoro allows mid-market companies to issue, track, and govern cards across all subsidiaries (and new acquisitions) from one unified workspace. Spending cards use the same Stripe account as Precoro Payments, so businesses that have already completed verification don't need to go through the full KYB process again. They just provide a few additional details through a short form.

Flexible payments with full visibility

The launch removes administrative overhead, as employees can pay for business purchases as needed without relying on shared physical cards or going through a manual expense process. Finance still controls how and where the money is spent. And because the cards work within Precoro, businesses don't need another tool, login, or vendor contract to make a quick payment and keep the transaction tied to a clear audit trail.

About Precoro

Precoro is an agentic procurement and AP platform for mid-sized companies. It gives finance and procurement teams 360-degree visibility and proactive control over spending before it reaches the ERP.

Today, more than 1,000 organizations across 80+ countries use Precoro to manage the entire process, from purchase requests and POs to invoice processing and payments, across multiple business units. To learn more, visit https://precoro.com/.

Media contact

Maryna Marochko
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+1 347 389 15 24

SOURCE Precoro