Corcentric Named a Leader in IDC MarketScape for Accounts Payable 2019
Corcentric was recently named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment (doc #US44753119, January 2019). The study profiles the most prominent software solutions and discusses what criteria are most important for companies to consider when selecting a system. Corcentric was cited for several strengths in the report, including its purchase-to-pay cycle, hands-on approach to onboarding suppliers, and AP expertise. Watch the Video
SOURCE: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment, by Kevin Permenter, Frank Della Rosa, and Mark Thomason, January 2019, IDC #US44753119
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.
The IDC MarketScape has positioned Corcentric in the Leaders Category for the following strengths:
Corcentric provides cloud-based accounts payable automation in addition to procurement and billing capabilities. Corcentric can manage invoices from purchase order requisition to payment disbursement, and it also provides supply chain financing.
Corcentric's hands-on approach to onboarding, implementation, and production environment deployment is a key strength.
The Corcentric operational staff is very familiar with accounts payable and the processes, which allow us to fully understand the needs and challenges of a back-office operation regardless of the vertical.