UNIVI Digitally Transforms its Procurement and Accounting Processes with Corcentric
Paris, France – September 13, 2021 – Corcentric, a leading provider of business spend management and revenue management software and services, announces today that UNIVI, a French national healthcare and social association player, has implemented Corcentric’s Procure-to-Pay solution.
Created in 2019 by the Supplementary Retirement Institutions of the Malakoff Humanis, Klésia, Apicil, AG2R La Mondiale and B2V Groups, UNIVI welcomes, accommodates and treats people made vulnerable by age, disease or disability in its geriatric hospitals, independent residences, service residences, EHPAD and accommodation and service homes for disabled people. With the creation of the Procurement department, the UNIVI Group wanted to define, optimize and digitize its processes.
In this context, UNIVI implemented Corcentric’s Procure-to-Pay solution within its network of 74 establishments to:
- Guarantee the compliance of its spend
- Optimize its processes related to invoice processing
- Respect the payment deadlines of its suppliers
- Improve collaboration between the Procurement and Finance departments
- Integrate procurement and accounting processes on a single tool
- Gain visibility on spend commitment
- Rationalize its supplier base
“Corcentric was the only solution on the market to offer capabilities that meet both the challenges of Procurement and Finance, which was essential to be able to align our procurement and accounting processes on a single platform and benefit from total visibility on our data. In addition, Corcentric counts among its clients many players in the medico-social sector in which UNIVI operates. Finally, the interface of the solution comparable to e-commerce sites convinced the users of the pilot sites involved in the implementation project.” said Angeline Fonteneau, Global Purchasing Manager at UNIVI, before adding: “By defining and digitizing our purchasing processes, we have also been able to rationalize our supplier base, going from more than 6,000 to 700 referenced suppliers. By purchasing only from listed suppliers, our employees at our 50 sites can thus be guaranteed a consistent quality of service.”
Used by 250 users, the Corcentric Platform will eventually centralize 100% of the direct and indirect spend of the UNIVI Group. “The Corcentric Platform responds perfectly to the specific business challenges of the healthcare sector, as evidenced by our many customers. We thank the UNIVI Group for choosing Corcentric for its digital transformation and look forward to a long and fruitful partnership.” Matt Clark, President and COO at Corcentric
UNIVI is a joint associative group whose desire is to put its performance at the service of social utility. Working in the medico-social and health sectors (seniors and disabled), UNIVI is a major player in the AGIRC-ARRCO park, which supports people all over France. With a network of 74 establishments in France and 3,300 employees, UNIVI welcomes, accommodates and treats people made vulnerable by age, illness or disability in its geriatric hospitals, independent residences, assisted living residences, EHPAD and nursing homes. accommodation and services for people with disabilities. The group also offers home care services.
Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.