Our Story

The Corcentric Story

Some years ago, Doug Clark, Corcentric’s Founder, Chairman, and CEO had an innovative idea: To enable customers to reduce the cost of doing business so they can invest in sustainable growth. That was in 1996, and the company was AmeriQuest.

Since then, we’ve continuously expanded and added new capabilities — most recently with the addition of source-to-pay pioneer Determine, electronic invoicing innovator Netsend, and leading sourcing and procurement advisory Source One.

Our goal continues to be focusing our creative DNA on providing every competitive advantage possible by modernizing and transforming sourcing, spend, invoicing, payables, and cash flow processes to optimize how businesses purchase, pay, and get paid.

Learn more about Netsend, Determine, and Source One

Empowering frictionless B2B commerce

830K+

engaged
buyers

cash-flow-seafoam-icon

$372B

transaction dollar
volume managed

2.3M

engaged
suppliers

1996
Doug Clark founds AmeriQuest Transportation and Logistics Resources Corp.
2002
AmeriQuest acquires Corcentric to complement existing procurement solutions with financial automation technology.
2006
Corcentric processes one-millionth invoice.
2008
Corcentric develops 3-way matching between PO, invoice, and price file, enabling zero-touch processing.
2009
Corcentric grows to more than 11,100 buyer and seller connections and processes over 970,000 transactions annually worth more than $660 million.
2010
Corcentric acquires Accounts Payable Automation solution Cor360.
2013
Exceeds $1 billion annually in combined gross billings.
2014
Achieves 9.1 million invoices processed for financial process automation and $12.2 billion of total transaction volume.
2016
Corcentric acquires InfoAccess.net.
2017
Corcentric names Matt Clark President and COO.
2018
Corcentric acquires Source One Management Services.
2018
AmeriQuest unifies its brand under Corcentric, Inc.
2019
Corcentric acquires Netsend.
2019
Corcentric acquires Determine, Inc.
2021
Corcentric unifies Source One, Netsend, and Determine under one brand, Corcentric, Inc.
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The Path to Innovation

A clearly defined growth strategy and customer commitment have gotten us where we are.

Our Award Winning Leadership

We focus decades of experience and expertise on reinforcing your success.

Learn more about all the ways we can help you transform and optimize your processes