Corcentric and Stimson Lumber Win Ardent Partners’ Best Technology Partnership Award

CHERRY HILL, N.J., September 28, 2025 –Corcentric, a leading global provider of best-in-class procurement and finance solutions, and Stimson Lumber, one of the oldest continuously operating integrated wood products companies in the United States, announced they have been named winners of the 2025 AP Honors Best Technology Partnership Award from Ardent Partners.

This prestigious award recognizes the most successful collaboration between a solution provider and an accounts payable (AP) team on a technology deployment. Corcentric and Stimson Lumber were honored for their long-standing partnership and the transformative impact of Corcentric’s AP automation solutions on Stimson Lumber’s financial operations.

Since partnering in 2012, Stimson Lumber has leveraged Corcentric’s technology and expertise to modernize its AP processes, achieving:

• Invoice processing times reduced to under 3 days for faster approvals and payments
• 98% electronic invoice submission, reducing errors and improving compliance
• 62% of payments made electronically in 2024, boosting efficiency and supplier satisfaction
• Enhanced payment security with Corcentric’s StopFraud payment protection service

“This award recognizes more than a successful project—it celebrates what’s possible when two organizations share a vision for innovation,” said Matt Clark, President and CEO of Corcentric. “Stimson Lumber has shown how technology can transform finance operations, setting an example for companies across industries. We’re proud to be part of their journey and excited to continue building solutions that help our customers achieve even greater success.”

“Working with Corcentric has allowed us to align technology with our business strategy in a way that truly supports our growth,” said Bernie McNamee, Chief Financial Officer at Stimson Lumber. “It’s not just about automating processes—it’s about building a foundation for smarter, more efficient financial operations that will serve us well into the future.”

The AP Honors 2025 were selected by an expert committee and announced at a ceremony on September 16^th.

About Stimson Lumber

Founded in 1850, Stimson Lumber is one of the oldest continuously operating forest products companies in the United States. With a commitment to sustainable forestry, innovation, and operational excellence, Stimson provides high-quality wood products that serve customers nationwide. To learn more, please visit www.stimsonlumber.com.