Enterprise B2B Payment Solutions

Introducing a smarter way to manage AP ePayments

Our Enterprise B2B payment solutions centralize and secure your payment operations, combining intelligent technology with managed services to reduce fraud risk, improve governance, and optimize working capital.

This combination of business payment services is key to unlocking cash flow. Payments are a critical control point for enterprise finance teams. By combining automation with validation safeguards and supplier enablement, Corcentric helps reduce payment fraud exposure, strengthen compliance, and improve supplier transparency.

A complete Payment Solution

Corcentric delivers a fully managed AP ePayments solution designed for mid-market and enterprise organizations. By combining payment technology, supplier services, and fraud protection, we help companies execute payments with greater security, visibility, and control.

The Corcentric Payments Network

Based on a scalable platform supporting Buyers, Suppliers, and Partner Providers. Corcentric processes over $100B of spend each year for over 450 thousand buyers and 1.4 million suppliers.

Spend Optimization

The combination of optimizing the efficient use of your resources and your capabilities to maximize your cashflow needs. Corcentric offers an end-to-end set of B2B payment solutions designed to optimize your AP capabilities while providing choices in how you execute and manage the payment process with your suppliers.

Control your payments lifecycle, unlock your cash flow

By embracing our comprehensive solution, businesses can achieve cost savings, operational efficiency, and improved financial control, ultimately gaining a competitive edge in today’s dynamic market. Let Corcentric be your strategic partner in achieving financial excellence.

A Complete Payment Solution

Mid Market and Enterprise customers can rely on Corcentric to provide a complete AP Payments solution to handle all of their payment needs. Through a combination of technology and supplier services; Corcentric customers can customize the payment solution that best fits their financial needs. Discover how Corcentric’s end-to-end AP Payments workflow compares to your existing workflow.

Whether you represent a company looking to expand its payment capabilities or a company that is disappointed in the performance of its current solutions, Corcentric can provide a AP ePayment solution to meet and exceed your expectations.

B2B Payment Methods

Corcentric helps you process a variety of payment methods based on the needs of your business. Generating different methods of payments from multiple sources adds complexity and risk of fraud to your payment process.

Corcentric compliments your ERP and existing bank, while helping your company streamline your ePayment program. Virtual Cards, ACH, ACH+, and paper check payments are all part of the standard Corcentric AP payment program. • Paper checks • ACH • ACH+ • Virtual Card • Wire

Payment Services

Corcentric offers a full range of B2B Payment solution services to help you manage and execute on your end-to-end payment process. Companies can select the services that best fits their situation for supplier management, payment execution, or security and protection from fraud.

Corcentric service teams are an extension of your AP team to support strong supplier relationships while effectively adding the capabilities you need.

Supplier Services • Supplier verification • 12-Step StopFraud™ validation • Onboarding • Supplier training
Payment Services • Payment tracking • Reconciliation • Payment questions • Continuous enrollment • Self Service Portal • Custom ePayment video

Payment Security

Payment fraud remains one of the fastest-growing financial risks facing enterprises today. Corcentric’s StopFraud™ payment protection service integrates a 12-point validation framework designed to verify payment details before funds are released. Our B2B payment solutions team provides monitoring to ensure payments are delivered successfully, every time. Discover how you can protect your payments now.

The Corcentric Payments Network

The Corcentric Payments Network is based on a scalable platform supporting Buyers, Suppliers, and Partner Providers. Corcentric processes over $100B of spend each year for over 450,000 buyers and 1.4 million suppliers. Hundreds of customers each year define their financial working capital requirements and rely on Corcentric to assist with their procurement including over $4B of financed transactions annually.

Size of the Payment Network

Corcentric has an extensive set of buyers and sellers transacting across the Corcentric platform. Insights and capabilities from over $100B spend and $105B+ transactions can provide confidence that our AP ePayment experiences continue to help customers achieve the results they need.

Composition of the Payment Network

The Corcentric Payments Network is comprised of companies in a wide array of industries. Corcentric’ s network is unique and different in that Corcentric offers AP, AR, and full purchasing capabilities enabled by financial partnerships like VISA, JP Morgan, and more.

Spend Optimization

Spend optimization within payments means structuring your payment mix, timing, and supplier enablement strategy to improve DPO, capture rebates, and enhance cash flow predictability. Corcentric offers an end-to-end set of B2B payment solutions designed to optimize your AP capabilities while providing choices in how you execute and manage the payment process with your suppliers. A successful program should result in an efficient ePayment mix, happy, supported suppliers, and cash back related to service producing payment revenue.

Payment Mix

The mix of different AP ePayment methods is driven by both supplier acceptance and buyer choice. Corcentric helps companies analyze supplier terms and opportunities to optimize cash flow and AP payment mix. The Corcentric Payments Network combined with Corcentric supplier services, gives buyers the opportunity to optimize both their spend and their payment mix.

Corcentric makes it easy for companies to shift to ePayments while efficiently managing required paper check payments.

Qualified ePayments

Qualified ePayments related to Virtual Cards and Enhanced ACH payments enable companies to receive cash back or ePayment rebates. Even experienced companies can be surprised to understand which suppliers are already accepting these types of qualified ePayments.

Corcentric can both educated buyers and help them execute on implementing a Qualified ePayment program. Although many banks and fintech companies claim to offer ePayment incentives; Corcentric can include a minimum guarantees to help companies fund their AP initiatives.

Payment Timing

Payment timing is an important element of optimizing spend and working capital. Corcentric B2B payment services include helping companies analyze opportunities to better leverage payment terms for both cash management and increasing Qualified ePayment acceptance.

We can assist you or work with suppliers on your behalf as an extension of your AP team. Lastly, Corcentric can offer financial choice to help provide credit based solutions that enable required cash management outcomes.

Whether it’s how to apply artificial intelligence to AP, or where to find efficiencies within the AP department, check out this free report from Ardent Partners on the latest trends in AP

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From procurement to finance, our optimized digital payment solutions offer multiple benefits for:

Accounts Payable ePayment Solutions

Gain efficiencies within your team to reduce costs – eliminate paper-based handling and manual tasks — and more effectively manage headcount
Have confidence that the right amounts go to the right accounts every time—eliminate payment fraud and spoofing
Reduce the number of transactions necessary to execute payment—no more sending multiple files to multiple banks
Reduce supplier payment inquiries by 70%—a savings of $20/contact
Configure the most optimal payment terms and extend your DPO
Optimize spend by payment types to generate cash-back

Supplier Management

Pay suppliers faster and build stronger, more strategic relationships
Generate opportunities for discounts, promotions, and savings
Identify duplicate spending categories to optimize and streamline purchasing strategies
Eliminate friction in the supplier experience
White glove service for your most important suppliers

Finance / Treasury

Achieve the best possible cash flow scenarios
Eliminate exposure to payment fraud and risk
Plan and forecast more accurately with liabilities captured and recorded as soon as invoices are received
Get the simplicity of an audit-ready and regulatory-compliant platform
Stop wasting time chasing misdirected money

Suppliers / Vendors

Get paid faster with complete accuracy using your preferred payment type
Eliminate credit risk and gain predictable cash flow
Set up and configure the most optimal payment terms
Have access to our 24/7 payment status portal that provides real-time status of all payments, amounts, and timing