Precoro Earns B Corporation™ Certification for Excellence
Procurement platform joins the global movement of businesses balancing purpose and profit
Precoro has proudly announced its official certification as a B Corporation™ (B Corp™), signifying its commitment to being a force for good in the business world. This certification, awarded by the nonprofit B Lab™, indicates that Precoro has met rigorous standards for social and environmental performance, accountability, and transparency.
The process for becoming a B Corp™ is exhaustive, assessing a company's influence across several domains, including governance, employee welfare, customer satisfaction, community relations, and environmental stewardship. Furthermore, it mandates a legal obligation for stakeholder governance, ensuring that all parties involved with the company — not just shareholders — have their interests considered.
Understanding B Corp Certification
B Corp Certification serves as a global benchmark for companies showcasing outstanding ethical business practices along with an ongoing dedication to improvement and transparency. Companies earning this certification are legally bound to create value that benefits all stakeholders — including employees, customers, and the community — and they must undergo a reassessment every three years to keep up with evolving standards.
For Precoro, this certification transcends mere branding; it's a core aspect of its philosophy centered around fostering long-term trust with customers, partners, and staff through accountability and impactful action.
"At Precoro, we envision business as a powerful catalyst for positive social change. Achieving B Corporation certification marks not an end, but a beginning for our enhanced responsibility, transparency, and influence. This journey allows us to not only expand our product offerings but also to amplify the principles that guide our every action." — Andriy Zhyvolovych, CEO of Precoro
By attaining this commendable certification, Precoro joins the ranks of a thriving community of over 9,700 B Corps worldwide, which spans more than 80 countries. Renowned brands like Patagonia, Coursera, Ben & Jerry's, and Allbirds are also part of this transformative movement, which is seeking to reshape what success means in business.
About Precoro
Precoro is an innovative procurement centralization and automation platform, designed to give growing businesses full visibility into their procurement activities. It helps control expenses effectively and mitigate any potential leakages in spending.
Setting itself apart from conventional procurement tools, Precoro effectively manages the entire procurement lifecycle across various departments and locations. This structure allows organizations to create a streamlined and coherent process while offering clear oversight and control without requiring technical expertise.
With over a decade of expertise and driven by state-of-the-art technology underpinned by AI capabilities, Precoro enhances efficiency by tackling the most repetitive tasks prone to errors, thus customizable to specific business needs.
Presently, more than 1,000 companies across 80+ regions are utilizing Precoro to transition from disjointed procurement systems to a cohesive, cost-effective process that aligns with stakeholder interests.
For more information, please visit precoro.com. (https://precoro.com?utm_source=pr&utm_campaign=corpbus)
Contact:
Maryna Marochko
+380987513686
SOURCE Precoro
Frequently Asked Questions
What does B Corporation certification mean?
B Corporation certification indicates commitment to high social and environmental performance standards, ensuring accountability and stakeholder interests are prioritized.
How does Precoro excel in procurement solutions?
Precoro provides a streamlined platform that integrates the entire procurement lifecycle, enhancing efficiency and control over procurement activities.
Why is being a B Corp vital for businesses today?
B Corp certification helps businesses stand out as responsible corporate citizens, attracting customers and partners who value ethical practices and sustainability.
What types of companies can become B Corporations?
Any company, regardless of size or industry, can become a B Corporation by meeting the required standards set by B Lab.
How often do B Corporations need to be reassessed?
B Corporations must go through a reassessment every three years to maintain their certification and compliance with updated standards.
