Corcentric builds AI-powered intelligent applications, real-time analytics and cloud-native infrastructure for B2B commerce. Founded in 1996 and operating globally, the company sells software, managed services and strategic advisory to enterprises and middle-market firms seeking to optimise financial operations across procurement, accounts payable, accounts receivable and fleet management.
Its core products are a Source-to-Pay Platform, which streamlines procurement and accounts payable and is intended to improve spend efficiency, and an Order-to-Cash Platform, which accelerates payment processes and accounts receivable operations. Together these systems process more than $105 billion in transaction volume annually, connecting 450,000 buyers with 1.4 million suppliers. Corcentric's technical work spans source-to-pay and order-to-cash automation, procurement, accounts payable and accounts receivable automation, and fleet management technology.
Software is supplemented by managed services that support financial operations directly, and by advisory engagements for companies redesigning those operations. Fleet management solutions round out the B2B commerce offering. The company serves customers in transportation, manufacturing, healthcare, and food and beverage.
Corcentric states a mission of reducing the cost of doing business so that companies can invest in sustainable growth. It describes its approach as customer-centric and reports recognition both as a workplace and as a leader in strategic B2B processes.
