AI TOOL PROFILE
Corcentric: B2B Commerce and Procurement Solutions
- Finance and Accounting
- Procurement
- Mid-Market Companies
- Enterprise Companies
- Fleet Operators
- Manufacturing and Distribution firms
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-Market Companies, Enterprise Companies, Fleet Operators, Manufacturing and Distribution firms
- Key use cases
- Procurement Management, Accounts Payable Automation, Fleet Spend Optimization, Receivables Management
- Integrations
- Microsoft Dynamics, SAP, Oracle, NetSuite, Infor
- Official website
- Visit corcentric procurement official website
How AI is used
Corcentric is a B2B commerce platform that combines software with managed services to support the cycle of procurement and payments. The tool is designed for mid-market and enterprise companies, specifically those in transportation, manufacturing, healthcare, and food and beverage industries.
The platform supports financial workflows including source-to-pay, order-to-cash, and contract lifecycle management. It also includes a specialized suite of fleet management solutions, such as fleet procurement via a Group Purchasing Organization (GPO), financing, and analytics.
Beyond software, the company provides managed services and strategic advisory to help businesses organize their sourcing and payment processes. This approach is designed for companies that want to automate tasks while leveraging external expertise.
Buyers should confirm how the managed services model fits into their current staffing levels and verify that the provided ERP connectors align with their specific version of financial software.
Key Features
Source-to-Pay Services
Supports the process from sourcing materials to final payment.
AP and AR Automation
Includes tools for accounts payable and receivable management to handle invoicing and payments.
Fleet Management Solutions
Provides fleet procurement through a GPO, financing, analytics, and remarketing for used vehicles.
Contract Lifecycle Management
Designed to help businesses manage contracts throughout their duration.
AI-Powered Processing
Uses AI for touchless processing and access to transaction data.
Managed Services
Offers managed sourcing, procurement, and payment services backed by strategic advisors.
Use Cases
Procurement Management
Supporting the source-to-contract and procure-to-pay process for B2B transactions.
Accounts Payable Automation
Using automated workflows to manage incoming invoices and supplier payments.
Fleet Spend Optimization
Using a Group Purchasing Organization (GPO) to access pre-negotiated pricing for tires and parts.
Receivables Management
Managing the order-to-cash cycle, including e-invoice presentment and payment portals.
Integrations
- Microsoft Dynamics
- SAP
- Oracle
- NetSuite
- Infor
- Workday
- Sage Intacct
- QuickBooks
- Coupa
- Ariba
- Jaggaer
- Procurify
- ADP
- UKG
FAQ
What is Corcentric used for?
- Corcentric is used to manage B2B commerce cycles, specifically source-to-pay and order-to-cash processes, including procurement, AP/AR automation, and fleet management.
Who is the ideal buyer for Corcentric?
- The platform is designed for mid-market and enterprise companies, particularly those in the manufacturing, transportation, and healthcare sectors.
Does Corcentric integrate with existing ERPs?
- Yes, it supports integrations with ERP systems such as SAP, Oracle, NetSuite, and Microsoft Dynamics.
What are Corcentric's security certifications?
- The platform is SOC 1 and SOC 2 Type II attested and maintains HIPAA compliance for healthcare organizations.
Source category: Finance & Accounting
Source subcategory: Procurement
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