Precoro Launches Virtual Cards to Enhance Spend Control and Financial Visibility
Precoro, an agentic procurement and accounts payable centralization platform, has introduced virtual spending cards for U.S.-registered businesses. These fee-free prepaid cards integrate with Precoro's existing financial infrastructure, allowing companies to set granular spending limits and track expenses in real-time. The feature aims to bring one-time or local purchases into the standard procurement flow that was previously managed outside of finance systems. Unlike traditional corporate credit cards, these virtual cards use funds already available within a company’s Precoro account, enabling proactive control before transactions occur. Finance teams can configure rules and limits by transaction amount and timeframe, with any violations automatically declined. The platform also supports unified management across multiple legal entities using the same Stripe infrastructure as Precoro Payments. This launch reduces administrative overhead for employees who no longer need to rely on shared physical cards or manual expense reports. With full visibility into card usage within a single workspace, finance teams maintain control over spending while eliminating the need for additional tools.
Topics: AP automation corporate payments procurement virtual cards