Corcentric’s roots run deep in the Garden State. Headquartered in Cherry Hill, New Jersey, Corcentric is a leading provider of source-to-pay and orderto-cash solutions for businesses in the United States and Europe. Corcentric’s procurement, accounts payable, and accounts receivable solutions empower all types of companies to spend smarter, optimize cash flow, and drive profitability.
It’s all about the people. Over 20 years ago, Doug Clark, Corcentric Chairman and CEO, founded the company in New Jersey, based on a simple mission – to help businesses succeed by helping people get out from under the weight of paper so they could be more efficient. That mission fueled his vision to create practical, innovative, and effective processes that replace paper with digital technology.
Today, the people of Corcentric, in offices across North America and Europe, are committed to simplifying how companies purchase, pay, and get paid. Following three acquisitions over the past 18 months, the global business employs nearly 500 people and serves 6,000-plus customers with holistic source-to-pay and order-to-cash suites of solutions. Customers immediately see the benefits of implementing technology and expertise that empower them to move their business forward.
“Corcentric’s solution is convenient, easy-to-use, and efficient. I don’t want to think about going back to the way it was before,” says Danielle Brown, an Accounts Payable Specialist with United Methodist Retirement Homes.
It also means working with a company that will treat you like family.
“Corcentric is more of a partner with Cardinal,” says Sean Storey, Senior Director of Fleet Equipment with Cardinal Logistics, “They want to see us grow and stay in touch with us in terms of our business and what’s going on with our company and our clients to see how they can help.
Matt Clark, President and COO of Corcentric, acknowledges the central value of the customer relationship. “We will continue to identify ways to deliver value to our current and future customers through innovation and organic and acquired growth. The focus of everything we do will continue to be helping our customers be the best they can be when it comes to optimizing their B2B activity.”
Helping customers reach their highest potential means understanding their pain points. At a time when companies are required to do more with less, managing spend has become more important and challenging than ever. Corcentric’s digital spend management tools provide real-time visibility into sourcing, procurement, payments, and billing transactions. Corcentric’s combination of people, processes, and technology provides analytic capabilities that enable stakeholders to make better decisions regarding future spend and working capital.
Corcentric’s unwavering commitment to empowering companies to spend wisely and manage cash flow smarter has led to several prestigious awards, including being named a 2019 ’50 Providers to Know’ by Spend Matters and one of America’s Fastest Growing Private Companies by Inc. 5000 several years in a row. Corcentric also has been recognized over multiple years by NJBIZ for its contributions to the success of the state’s economic growth and stability. United by its core values to Do the Right Thing, Embrace and Drive Change, Be Empowered, and Be Relentlessly Focused on the Customer, Corcentric is confident that it will continue to grow, innovate, and give businesses the tools they need to unlock hidden value.
“I believe there will be tremendous growth opportunities for our company as more and more companies will prioritize their human and financial capital on their core competencies, resulting in companies outsourcing major if not all of their back-office functions,” says Doug Clark, “We are preparing by continually training and educating our teams, hiring the best talent, and staying closely connected to the needs of our customers.”