News Releases | April 21, 2020

Corcentric Named to Spend Matters 50 Providers to Know / Watch List for Fourth Consecutive Year

The Source-to-Pay, Order-to-Cash and Fleet Solutions Innovator Recognized Again for Optimizing How Companies Purchase, Pay and Get Paid

CHERRY HILL, NJCorcentric, a leading provider of source-to-pay and order-to-cash solutions for businesses in the United States and Europe, announced today that the company has been designated in Spend Matters 2020 50 Providers to Know.

Spend Matters 50 to Know 2020Spend Matters 50 Providers to Know highlights firms that are considered best-in-class in the procurement and supply chain market, leading the charge on new technologies and setting industry standards in strategic advisory and managed services. Spend Matters routinely reviews the latest procurement technology and service offerings to help organizations make wise and effective vendor selection decisions.

“We are proud and excited to be recognized yet again by Spend Matters, and included in 2020 50 Providers to Know, our second year after graduating from the prestigious 50 Providers to Watch list,” said Matt Clark, President and COO of Corcentric. “Achieving this continuous recognition — especially this year as we fully integrate the vast breadth of offerings gained from the Source One, Netsend and Determine acquisitions — is a reflection of our ongoing commitment to helping customers and suppliers meet their highly complex challenges and achieve sustainable business results. That focus is even more important right now as we assist companies in their business continuity efforts during the global Covid-19 pandemic. Corcentric is constantly striving to innovate and refine the possibilities across source-to-pay, order-to-cash and fleet solutions capabilities, and this acknowledgement from Spend Matters shows we’re on the right path.”

The 50 Providers to Know lists are the result of deep analysis and corroboration among all Spend Matters analysts and reflect the publication’s unbiased, independent view of the organizations to know and watch. Companies named as 50 Providers to Know are independently selected, with a focus on innovation, market presence, tech competency and solution delivery.

“Corcentric has, through its acquisitions of Determine and Source One Management Services, created a very compelling source-to-pay offering, especially for the mid-market, with some unique capabilities. The combination of Determine’s Cloud Platform, Corcentric’s AP automation and financing solutions forms a suite with broad, flexible — and in many areas deep — S2P functionality. Add Source One’s managed sourcing services on top of that and you have something that few other vendors can match in-house,” adds Magnus Bergfors, VP of European Research and Lead Analyst at Spend Matters.

Spend Matters also focuses on providers through their rigorous SolutionMap evaluation process. Corcentric company Determine recently swept across six categories in the Spring/Q1 2020 SolutionMaps, ranking in all procurement categories.

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.

Media Relations

Scott Cianciulli
The Plunkett Group
(212) 739-6753
media@corcentric.com

Corcentric Corporate Communications

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