CHERRY HILL, NJ, Sept. 20, 2022—Corcentric, a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies, announced today its partnership with ProMach, a worldwide leader in packaging and processing machinery solutions, to provide its Corcentric Payments suite of payments digitization services.

“Corcentric is passionate about providing finance teams with a comprehensive solution, including digital payments, fraud prevention, and supplier management,” said Executive Vice President of Corcentric Payments Chris Mashburn. “We’re excited to partner with ProMach as they transform their payment processes to provide their suppliers a more streamlined experience.”

Payments digitization allows businesses to pay bills online, eliminating physical checks or cash—lowering processing costs, adding cash flow visibility, and reducing errors from manual processes. According to a and Corcentric report, 71% of CFOs surveyed at firms generating between $400 million and $2 billion in annual revenue say they have accelerated their digitation efforts since March 2020. Of those, 38% said they have done so with the goal of improving their balance sheets. The research shows that payments process digitization has generated other benefits as well, including strengthening working capital management and improving efforts to combat payment fraud.

“ProMach strives to deliver consistent, high-performance, industry-leading processing and packaging solutions from our various business lines to our entire customer base,” said Kevin Carroll, Vice President of Corporate Finance at ProMach. “Implementing the Corcentric Payments solution helps us deliver the same level of performance to our highly valued suppliers through a proven, innovative, and secure payment platform.”

Corcentric Payments optimizes electronic payments through people, process, and platform innovation. Through its PayNet platform, a safe, secure, bank-agnostic platform supporting all payment types, suppliers receive payment and remittance information. Its StopFraudTM 12-point verification process validates payment details and attributes to secure customers’ and suppliers’ data and protect from potential fraud. These services and more are managed by experienced customer success teams delivering active payments program management.


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