News Releases | November 4, 2019 Download

Corcentric Explores the Benefits of a Supplier Centric System

Exhibits at Procurement Leaders Data, Intelligence & Technology Forum 2019 showcase innovative S2P solutions

LONDON, UK – Determine, a Corcentric company, a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions, will host a booth and demonstrations of the Determine Cloud Platform at Procurement Leaders Data, Intelligence & Technology (DIT) Forum 2019 at the Code Node London on 6 – 7 November 2019.

Ollie Young, Senior Solution Consultant at Corcentric will host a demo during the DIT Technology Showcase session where delegates are invited to hear from innovative tech start-ups as they showcase their platforms and solutions in a practical demonstration and Q&A session.

Ollie’s demo, called ‘The Benefits of a Supplier Centric System,’ will explore how managing all of an organisation’s supplier data at the centre of leading procurement platform technology can provide vision, insight and control for both the buyer and the supplier across Source-to-Pay processes.

Supplier-centric procurement practices drive 26% more savings than focusing solely on price reductions, according to KPMG UK. “Despite this, the majority of supplier interactions remain tactical and lack insight or integration. Most organisations struggle to give their strategic suppliers due attention – and a third don’t even know how their suppliers are performing.”

Determine’s solutions provide a portfolio of capabilities that enable procurement teams to start building on supplier strengths, even before they’re fully onboarded. From validation and certification to scorecarding, contract compliance and beyond, they gain the insights needed to create stronger, more agile and collaborative supplier-centric relationships to maximize value, align goals, and drive KPIs.

“Suppliers are critical to the success of any organization, beyond just the products and services they provide. For that very reason, more and more enterprises are adopting a customer strategy and approach when it comes to supplier management,” states Ollie Young, Senior Solution Consultant at Determine, a Corcentric company. “The logic is simple: contribute to your suppliers’ success, and they’ll help ensure yours. Constant communication, a focus on process automation, and transparency are all key to getting your supplier relationships to a place where they can do your organisation the most good. And vice versa.”

Attendees of the Procurement Leaders Data, Intelligence & Technology forum will have the opportunity to speak with the Determine team – senior executives, solution engineers, and customer experience teams – to learn all the ways they can leverage Determine’s industry-leading modular solution approach to achieve better spend management.

About Corcentric

Corcentric is a leading provider of source-to-pay and order-to-cash solutions for businesses in the United States and Europe. Corcentric’s procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. Corcentric was named a 2019 ‘50 Providers to Know’ by Spend Matters and a leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automation 2019. Since 1996, more than 6,000 customers from the middle market to the Fortune 1000 have used Corcentric to reduce costs and improve working capital. Learn more at corcentric.com.

About Determine, a Corcentric company

Determine, a Corcentric company, is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract, and financial performance. Our technologies empower customers to drive new revenue, identify savings, improve compliance, and mitigate risk.

The Determine Cloud Platform seamlessly integrates with major ERP or third-party systems such as SAP, Oracle, Sage, QAD, and Microsoft. Modular solutions can be configured to add more as needed to provide additional value beyond spend management. Our unified master database and business process approach empower users at every level to make more informed and smarter decisions.

 

Media Relations

Scott Cianciulli
The Plunkett Group
(212) 739-6753
media@dev-corcentric.pantheonsite.io

Corcentric Corporate Communications

Kate Freer
Senior Vice President of Marketing
(856) 382-4713
kfreer@dev-corcentric.pantheonsite.io