Corcentric

Corcentric, established in 1996, is a prominent provider of procurement, accounts payable, and billing solutions, operating within the Software Development & Design and Software industries. Headquartered in Cherry Hill, New Jersey, the company leverages its extensive experience to deliver comprehensive financial process automation. Its core offerings focus on streamlining complex financial operations for businesses, aiming to reduce costs and unlock revenue through intelligent software and advisory services.

With a workforce of 500-1,000 employees and operations spanning 9 locations, Corcentric offers a robust suite of solutions. These include capital equipment procurement, indirect and fleet procurement, warehouse management systems, and advanced accounts payable automation. The company's platform facilitates end-to-end source-to-pay and order-to-cash cycles, integrating e-procurement, contract lifecycle management, and electronic invoicing. For insights into the people driving these innovations, one can Meet Corcentric's team.

Corcentric has demonstrated significant financial growth and investment, evidenced by substantial funding rounds, including $315 million in debt financing in June 2023, $80 million in private equity in May 2020, and $200 million in debt in December 2018. The company generates substantial revenue, reported at $108.2 million. It competes in a dynamic market against key players like AvidXchange, JAGGAER, and BILL, offering specialized solutions in areas such as procure-to-pay and AP automation. Interested parties can Explore financial highlights for detailed performance metrics.