Cherry Hill, NJ—April 11, 2022 — Corcentric, a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies, announced today that Information Services Group (ISG) has recognized the company as a global leader in its Procurement Software Platforms and Solutions Provider Lens™ Midmarket and Large Accounts report. Of the 50 U.S. providers ISG reviewed, Corcentric is one of nine companies attaining leader recognition.

According to ISG, market leaders utilize platforms elevating and integrating procurement organizations and operations to enhance capability and efficiency. They hold a comprehensive product and service offering, solid market presence, innovative strength, and an established competitive position.

“As the pandemic stretched budgets and caused companies to rethink operations, CFOs are eager to enhance their organizations through digitization,” said Matt Clark, President and Chief Operating Officer of Corcentric. “ISG’s research recognizes how our process automation solution helps CFOs streamline their procurement, accounts payable, and accounts receivable operations, and embodies Corcentric’s core value of being relentlessly focused on the customer.”

As part of its go-to-market positioning, Corcentric has an extensive procurement platform emphasizing the preservation of customers’ working capital. As customers work to organize and protect capital amid a pandemic-impacted landscape, the company enables organizations to access additional working capital by reducing invoice processing time, simplifying the supplier process, and providing advisory services.

“For more than 25 years, Corcentric’s dedicated professionals have strived to turn procurement into an agile, strategic business driver through our software and managed services,” said Manish Jaiswal, Chief Product Officer at Corcentric. “We are thrilled for ISG to recognize our robust core offering, value-added software and services, preservation of capital positioning, and unique value improvement position as top strengths.”

The annual ISG Provider Lens™ is a practitioner-led service provider comparison based on neutral, independent market research and vendor evaluations and enterprise buying behavior segmentation. ISG’s evaluation comprises three procurement quadrants: BPO, digital transformation services, and software platform solutions. Scoring criteria considers strategy and vision, technology innovation, brand awareness and presence in the market, sales and partner landscape, and breadth and depth of portfolio of services offered.

To download the full report, please click here.



Rob Tacey
Director, Communications & Public Relations
[email protected]
(302) 897-3094