Corcentric Recognized for Optimizing Procurement and Finance
Willow Grove, PA (April 24, 2019) – Corcentric, a leading provider of process automation solutions for Procurement and Finance teams, has earned a spot on Spend Matters’ list of Providers to Know in 2019. Compiled each year, the list recognizes Supply Management’s most innovative organizations for their efforts to elevate the function and advocate for its strategic value. While Corcentric was named a Provider to Watch last year, this honor represents their first appearance on the more prestigious list.
Spend Matters’ list of Providers to Know commemorates those organizations that are committed to raising the bar and setting a new standard for Procurement services and technologies. The Finance transformation specialists made the jump thanks to a number of high profile initiatives. These include successfully securing a $200 million senior credit facility, unifying the Corcentric and Ameriquest brands, and the recent acquisition of Determine and its Source-to-Pay solution.
Matt Clark, Corcentric COO and president, remarks on the news, “Jumping from the Provider to Watch list to the Provider to Know list is a sign that our work to transform Finance and Procurement’s processes and empower our clients is paying off.”
“The team at Spend Matters doesn’t make its decisions lightly,” says William Dorn, VP of Operations at Source One, a Corcentric company. “A spot on the list only comes after thorough vetting and several rounds of debate. This year’s recognition is a testament to Corcentric’s innovative approach and commitment to bringing Procurement and Finance to transform spend management.”
Corcentric’s spend management team looks forward to evidencing its award-winning approach by publishing thought leadership throughout the rest of 2019. In Building an Effective Procurement Organization, the firm’s Procurement consultants offer strategies for optimizing each of the Procurement’s essential pillars. The first installment, available now, addresses leadership, operating models, and talent management.