# Corcentric, Inc. *Also known as Corcentric* - Website: https://www.corcentric.com - Location: Cherry Hill, NJ, United States - Agent profile: https://directory.haycion.ai/agents/corcentric-com > Corcentric is a global provider of financial software, advisory services, and managed solutions that help procurement and finance teams optimize cash flow and working capital. Corcentric is a global provider that helps procurement and finance professionals streamline and optimize how they buy, pay, and get paid. The company offers a combination of advisory services, software-enabled workflows, and managed solutions designed to improve working capital, drive efficiency, and reduce risk across procurement, finance, and fleet management workflows. Serving organizations across industries, Corcentric focuses on enabling tailored strategies, data-driven decision making, and seamless collaboration among buyers, suppliers, and financial teams. With capabilities spanning strategic sourcing, supplier management, accounts payable and accounts receivable workflows, invoicing, and payments, the organization aims to replace manual processes and fragmented systems with integrated, best-practice processes. The mission centers on saving—through smarter procurement and finance operations—while reducing stress for professionals who manage complex financial workflows. The company emphasizes customer-centricity, professional expertise, and a global footprint, delivering advisory guidance alongside software and services to help customers improve cash flow, visibility, and predictability in their commercial operations. **Mission:** Our mission is to make saving more and stressing less the norm for procurement and finance professionals. ## Products & Services ### [Source To Pay](https://www.corcentric.com/source-to-pay/) *Platform* Streamline procurement and finance processes to enhance efficiency and control over spending. - **Accounts Payable automation** — Reduces Manual Work - **Procurement** — Streamlines Supplier Selection - **Contract Lifecycle Management** — Automate Contract Management - **Sourcing** — Increase Procurement Efficiency - **Payments** — Accelerates Payables - **E-invoicing Compliance** — Improves Cash Flow - **Spend Analytics** — Gain Actionable Insights - **Source to Contract** — Optimizes Upstream Procurement - **Supplier Management** — Improves Supplier Relationships - **Risk Management** — Reduce Compliance Risks ### [Order to Cash](https://www.corcentric.com/order-to-cash/) *Platform* Enhances cash flow and optimizes collections through automated order-to-cash processes. - **Accounts receivable automation** — Accelerate Cash Collections - **E-Invoice presentment and payment** — Streamline Invoicing Processes - **Payments integration** — Seamless Payment Processing - **Supply chain finance** — Guarantee Timely Payments - **Centralized billing** — Simplify Billing Processes ### [Corcentric Business Network](https://www.corcentric.com/business-network/) *Platform* Streamlines business processes for improved efficiency and decision-making. - **Intelligent AP Automation** — Enhance AP Performance - **Gopher Intelligent Assistant** — Automate Tasks Using AI - **AI-Driven Workflow Automation** — Automate Workflows Seamlessly - **Intelligent Applications** — Optimize Spend Workflows - **Network Analytics** — Gain Actionable Insights ### [Corcentric Integrations](https://www.corcentric.com/integrations/) *Platform* Seamlessly integrate Corcentric with your business applications to accelerate workflows and improve efficiency. - **API-first architecture** — Enhance Integration Flexibility - **Pre-built connectors** — Accelerate Implementation Time - **Real-time data synchronization** — Improve Accuracy and Efficiency - **Security and governance** — Mitigate Risk - **Automated procure-to-pay** — Reduce Manual Work - **Performance monitoring** — Enhance Operational Insights ### [Managed Services](https://www.corcentric.com/managed-services/) *Service* Elevate your finance operations with expert-managed services for procurement, AP, and AR. - **Managed accounts payable** — Streamline AP Processes - **Managed accounts receivable** — Accelerate Cash Flow - **Managed payments** — Optimize Payment Cycles - **Managed fraud protection** — Ensure Payment Security - **Managed procurement** — Enhance Procurement Efficiency - **Managed sourcing** — Increase Spend Under Management ### [Strategic Services](https://www.corcentric.com/source-to-pay/strategic-advisory-services/) *Service* Maximize value and efficiency with expert-led strategic advisory services. - **Cost reduction services** — Implement Cost Reduction Strategies - **Category management** — Manage Categories Effectively - **Strategic sourcing** — Leverage Data-Driven Insights - **Digital procurement transformation** — Adopt Digital Tools Seamlessly - **Supplier relationship management** — Enhance Supplier Collaboration - **Procurement leadership consulting** — Cultivate Procurement Leaders ### [Indirect GPO](https://www.corcentric.com/indirect-gpo/) *Service* Optimize indirect spend control while lowering business costs through Corcentric's Indirect GPO services. - **Aggregated buying power** — Gain Significant Savings - **Supplier savings** — Reduce Overall Procurement Costs - **No upfront costs** — Participate Freely - **No volume commitments** — Flexibility in Participation - **Procurement expertise** — Enhance Procurement Efficiency - **Implementation support & savings tracking** — Ensure Successful Adoption ### [Material Handling Procurement & Maintenance](https://www.corcentric.com/fleet-solutions/fleet-procurement/material-handling/) *Product* Streamline warehouse equipment procurement and maintenance while maximizing cost efficiencies. - **Pre-Negotiated Procurement Programs** — Increases Cost Savings - **Administrative Efficiency** — Reduces Paperwork Burden - **Bulk Procurement Discounts** — Maximizes Savings Potential - **Maintenance Coverage** — Ensures Equipment Uptime - **National Pricing** — Provides Predictable Cost Structure - **Dedicated Support** — Ensures Seamless Operations ### [Fleet Remarketing](https://www.corcentric.com/fleet-solutions/fleet-remarketing/) *Product* Optimize asset disposal and maximize returns through expert fleet remarketing services. - **Large Buyer Network** — Accelerate Sales with Network Access - **End-to-End Remarketing Management** — Manage Entire Sales Process - **Administrative Handling** — Streamline Paperwork Management - **Optimized Sale Timing** — Maximize Returns - **Global Reach** — Sell Globally ### [Fleet Supplier Partners](https://www.corcentric.com/fleet-solutions/fleet-supplier-partner/) *Product* Gain access to over 2,000 customers and streamline your supplier processes. - **Credit Approvals & Risk** — Expedite Credit Approval Process - **Credit Mitigation Support** — Eliminate Receivables Risk - **Dedicated Marketing Outreach** — Enhance Brand Visibility - **Experienced Sales Team** — Leverage Established Relationships - **Invoicing Automation** — Simplify Billing Processes ### [Fleet Procurement (GPO)](https://www.corcentric.com/fleet-solutions/fleet-procurement/) *Product* Centralizes fleet purchasing to achieve cost savings and operational efficiency. - **GPO-Enabled Procurement** — Maximize Purchasing Power - **Consistent National Pricing** — Ensures Predictable Spend - **Category Coverage** — Covers Diverse Fleet Needs - **Flexible Payment Services** — Simplifies Procurement Process - **Real-Time Visibility** — Improves Spend Management ## Market Segments - **Source-to-pay** (market size $8.1B, CAGR 11%): Capabilities that automate and manage end-to-end procurement from sourcing and requisition to invoice and payment, delivering spend visibility, compliance, and supplier collaboration. - **Accounts receivable and order to cash** (market size $4.2B, CAGR 11.3%): Order-to-cash and receivables automation to accelerate cash collection, centralize billing, enable e-invoicing, and integrate payments for improved cash flow. - **Strategic sourcing and category management** (market size $3.3B, CAGR 9%): Category planning, strategic sourcing, supplier selection, and category management services that drive cost reduction, supplier value, and long-term category strategies. - **Fleet procurement and remarketing** (market size $4.0B, CAGR 14%): Fleet-focused purchasing, maintenance, supplier programs and remarketing services that provide national pricing, buyer networks, and end-to-end asset disposition to lower total cost of ownership. - **Integration and API orchestration** (market size $24.4B, CAGR 7.4%): Central integration layers and engineering services that unify channels, cores, third-party providers and payment rails through APIs, data transformation, orchestration and operational controls. ## Ideal Customer Profiles ### Global Enterprise Procurement And Finance Leaders Global enterprises seeking end-to-end procurement and payable automation with unified data. - Industry: Technology, Manufacturing, Distribution, and Services - Geography: Global with focus on North America, Europe, and Asia-Pacific - Pain points: Fragmented systems, manual processes, lack of end-to-end visibility, slow cycle times, and compliance risk - Business goals: Improve working capital, accelerate close, reduce risk, standardize processes - Positioning: Unifies procurement and finance workflows across ERP systems, delivering AI-driven automation and real-time insights to optimize cash flow, supplier collaboration, and procurement efficiency. #### Persona: Chief Procurement Officer - Needs: End-to-end visibility, unified workflows, supplier collaboration - Goals: Improve working capital, reduce procurement cycle times, minimize risk - Challenges: Siloed systems, change management, data quality issues - Pain points: Manual processes, disconnected tools, slow approvals - Solution: Automates procurement, payables, and supplier collaboration with AI-powered workflows and real-time analytics to unify operations and reduce risk. #### Persona: Vice President Of Finance - Needs: Accurate reporting, automated AP, cash flow visibility - Goals: Speed up month-end close, reduce DSO, optimize working capital - Challenges: AP bottlenecks, errors from manual processing - Pain points: Fragmented data, lack of real-time insights - Solution: Intelligent AP Automation, Network Analytics, and Integrations to deliver real-time cash flow insight. #### Persona: Procurement Operations Manager - Needs: Efficient workflows, policy compliance, data quality - Goals: Streamline procure-to-pay, shorten cycle times - Challenges: Manual routing, approvals delays - Pain points: Inaccurate invoices, misaligned supplier data - Solution: Gopher Intelligent Assistant and AI-driven Workflow Automation integrated with ERP through Corcentric Integrations. ### Fleet And Transportation Companies Fleet operators seeking centralized procurement and remarketing to optimize fleet costs. - Industry: Logistics, Transportation, Fleet Management - Geography: Global - Pain points: Fragmented fleet vendors, inconsistent pricing, limited spend visibility, long procurement cycles - Business goals: Standardize pricing, reduce fleet costs, improve procurement efficiency - Positioning: Consolidates fleet purchasing, pricing, and disposition into a single network to reduce total cost of ownership and streamline supplier management. #### Persona: Fleet Manager - Needs: Centralized fleet procurement, pricing consistency - Goals: Reduce total cost of ownership, standardize fleet purchases - Challenges: Fragmented vendor network - Pain points: Inconsistent pricing, lack of visibility - Solution: Fleet Procurement (GPO) with nationwide pricing and real-time visibility; integrations with ERP to align procurement data. #### Persona: Sourcing Director - Needs: Aggregated buying power, risk management - Goals: Drive savings, improve supplier performance - Challenges: Sourcing across multiple categories - Pain points: Spend leakage - Solution: Fleet Supplier Partners and Indirect GPO to consolidate terms and track savings. #### Persona: Finance Controller - Needs: Oversight of fleet spend, reliable reporting - Goals: Improve cash flow, control costs - Challenges: Lack of standardization - Pain points: Opaque invoicing, delayed settlements - Solution: Corcentric Integrations to connect ERP and fleet procurement data for accurate reporting. ### Indirect Spend Focused Mid-Market Mid-market organizations seeking negotiated indirect spend terms and easy onboarding. - Industry: Services, Manufacturing, Retail, Distribution - Geography: Global - Pain points: Shadow purchasing, lack of governance, high Maverick spend - Business goals: Consolidate spend, realize savings, simplify onboarding - Positioning: Enables indirect spend optimization through pre-negotiated contracts, simple onboarding, and spend analytics across multiple categories. #### Persona: Indirect Purchasing Manager - Needs: Pre-negotiated terms for indirect categories - Goals: Adopt centralized contracts - Challenges: Onboarding friction - Pain points: Shadow purchasing - Solution: Indirect GPO and Source To Pay provide negotiated terms and governance. #### Persona: Procurement Analyst - Needs: Spend visibility, supplier data, category insights - Goals: Identify savings opportunities - Challenges: Poor data quality - Pain points: Lack of governance - Solution: Spend Analytics and Source To Pay deliver insights and governance. #### Persona: Finance Leader - Needs: Accurate spend reporting - Goals: Improve control and visibility - Challenges: Fragmented data - Pain points: Non-standardized reporting - Solution: Corcentric Integrations and Spend Analytics unify data across systems. ### Materials Handling And Maintenance Leaders Warehousing and manufacturing operations seeking centralized procurement for material handling equipment and maintenance. - Industry: Manufacturing, Warehousing, Logistics - Geography: Global - Pain points: Disparate sourcing for equipment, maintenance gaps, inconsistent pricing - Business goals: Reduce downtime, standardize equipment, lower procurement cost - Positioning: Streamlines material handling procurement and maintenance with national pricing and pre-negotiated programs to lower costs and downtime. #### Persona: Maintenance Manager - Needs: Maintenance coverage and reliable parts - Goals: Minimize downtime - Challenges: Downtime due to parts delays - Pain points: Inconsistent pricing - Solution: Material Handling Procurement & Maintenance with pre-negotiated pricing and national coverage. #### Persona: Procurement Manager - Needs: Bulk procurement discounts - Goals: Standardize equipment - Challenges: Administrative burden - Pain points: Multiple vendors - Solution: Pre-negotiated procurement programs and centralized contracting. #### Persona: Operations Director - Needs: Visibility into maintenance spend - Goals: Reduce downtime and spend - Challenges: Fragmented data across locations - Pain points: Disparate data workflows - Solution: Corcentric Integrations and Network Analytics to unify maintenance spend data across locations.