Corcentric, LLC

Corcentric Names Tom Spencer as Senior Vice President and Head of Accounts Payable Solutions

Retrieved on: 
Monday, November 20, 2023
PO, Accounts payable, DPO, AvidxChange Music Factory, AP, Intuit, Head, Corcentric, LLC, Management

CHERRY HILL, N.J., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Tom Spencer has been appointed as senior vice president and head of the Accounts Payable (AP) Solutions sales division.

Key Points: 
  • CHERRY HILL, N.J., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Tom Spencer has been appointed as senior vice president and head of the Accounts Payable (AP) Solutions sales division.
  • A payments veteran, Spencer brings deep industry knowledge and experience to guide this critical area of the Corcentric sales team.
  • “Tom has a wealth of experience in and understanding of the AP and payments space and customer needs,” said Fredrick "Fritz" Smith, chief revenue officer at Corcentric.
  • “I'm thrilled to join Corcentric to help drive revenue growth to the next level for the organization,” said Spencer.

Survey Shows Forecasting a Rising Pain Point for Corporates, Potential Blind Spot for Banks

Retrieved on: 
Wednesday, October 18, 2023
Forecasting, AR, Movement, Online shopping, Corcentric, LLC

Results show a potential disconnect between corporations and their banks, rising concerns over receivables fraud, ongoing movement in lockbox locations and providers, and more.

Key Points: 
  • Results show a potential disconnect between corporations and their banks, rising concerns over receivables fraud, ongoing movement in lockbox locations and providers, and more.
  • This survey’s questions probed respondents knowledgeable about their companies’ accounts receivable (AR) processes and, accordingly, their current pain points, complexity levels, plans, and perspectives.
  • Corporate View of Forecasting as a Pain Point Grows, While Bank View of Forecasting Services’ Importance Subsides.
  • For three consecutive years, corporate respondents were asked to identify “the largest pain point in the AR process.” From 2021 to 2023, forecasting as a top pain point tripled, moving from 13% in 2021 to 39% in 2023.

Corcentric Named a Spend Matters Top 50 Procurement Provider to Know

Retrieved on: 
Tuesday, October 17, 2023
Spend, DSO, Risk, Corcentric, LLC, AP, Forecasting, Managed services, PO, AR, S2P, Risk management

CHERRY HILL, N.J., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that the company has been recognized by Spend Matters as a Top 50 Procurement Provider to Know for the fifth consecutive year.

Key Points: 
  • CHERRY HILL, N.J., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that the company has been recognized by Spend Matters as a Top 50 Procurement Provider to Know for the fifth consecutive year.
  • Now in its tenth year, the Spend Matters Top 50 Providers to Know list recognizes best-in-class companies in the procurement and supply chain market.
  • “Corcentric's fundamental Source-to-Pay (S2P) and Accounts Payable (AP) capabilities have evolved significantly over time,” said Nikhil Gaur, Research Analyst & Project Associate, Spend Matters.
  • And with real-time visibility into spend, smarter analytics, and accurate forecasting, customers can focus on strategic growth planning.

Corcentric Launches Managed Accounts Receivable Solution in France

Retrieved on: 
Thursday, September 7, 2023
Freedom, Business, AP, DSO, Rental management software, Collection, Managed services, ROI, AR, Corcentric, LLC, Software, Bank, Sales

CHERRY HILL, N.J., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today the launch of its Managed Accounts Receivable (AR) solution in France.

Key Points: 
  • CHERRY HILL, N.J., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today the launch of its Managed Accounts Receivable (AR) solution in France.
  • The Managed AR solution provides technology, trade finance, and skilled people in turnkey fashion to help customers reach a variety of essential company goals.
  • Corcentric’s Managed AR solution replaces bad debt, payment risks, high days sales outstanding (DSO), and overworked teams with guaranteed business outcomes.
  • Currently, Corcentric has thousands of Managed AR customers in various regions around the globe.

Trintech Fuels Strategic Growth with Four Executive Hires, Deepening Subject Matter Expertise

Retrieved on: 
Thursday, September 7, 2023
Mobius, Customer success, Professional services, Software as a service, General counsel, RSD, Marketing, Appointment, DIRECTV, Randall, Moebius, CMO, Accounting, SMB, Organization, Quadient, Acquisition, Reconciliation, CIMA, Engineering, Growth, SVP, Vipond, Corcentric, LLC, Software, Management, Sales, Fiserv

DALLAS, Sept. 7, 2023 /PRNewswire/ -- Trintech, a leading global provider of cloud-based reconciliation and financial close solutions, today announced the appointment of Tamir Sigal as Chief Marketing Officer, Sunil Padiyar as Chief Technology Officer, Heather Randall as SVP, General Counsel and Scott Vipond as Managing Director, EMEA.

Key Points: 
  • "I am thrilled to announce the newest additions to Trintech's Executive Leadership team," said Darren Heffernan, CEO of Trintech.
  • As Chief Marketing Officer, Sigal will be responsible for leading Trintech's global marketing functions, including marketing strategy, brand development, digital experience, product marketing and customer engagement.
  • I am confident that his contributions will enhance Trintech's market presence, customer loyalty, and overall brand success," said Heffernan.
  • Prior to Trintech, Sigal led global marketing teams for Mobius, ArisGlobal, RSD and most recently served as Chief Marketing Officer for Quadient.

Trintech Fuels Strategic Growth with Four Executive Hires, Deepening Subject Matter Expertise

Retrieved on: 
Thursday, September 7, 2023
Mobius, Customer success, Professional services, Software as a service, General counsel, RSD, Marketing, Appointment, DIRECTV, Randall, Moebius, CMO, Accounting, SMB, Organization, Quadient, Acquisition, Reconciliation, CIMA, Engineering, Growth, SVP, Vipond, Corcentric, LLC, Software, Management, Sales, Fiserv

DALLAS, Sept. 7, 2023 /PRNewswire/ -- Trintech, a leading global provider of cloud-based reconciliation and financial close solutions, today announced the appointment of Tamir Sigal as Chief Marketing Officer, Sunil Padiyar as Chief Technology Officer, Heather Randall as SVP, General Counsel and Scott Vipond as Managing Director, EMEA.

Key Points: 
  • "I am thrilled to announce the newest additions to Trintech's Executive Leadership team," said Darren Heffernan, CEO of Trintech.
  • As Chief Marketing Officer, Sigal will be responsible for leading Trintech's global marketing functions, including marketing strategy, brand development, digital experience, product marketing and customer engagement.
  • I am confident that his contributions will enhance Trintech's market presence, customer loyalty, and overall brand success," said Heffernan.
  • Prior to Trintech, Sigal led global marketing teams for Mobius, ArisGlobal, RSD and most recently served as Chief Marketing Officer for Quadient.

Matt Clark Named Corcentric CEO

Retrieved on: 
Tuesday, July 11, 2023
History of the University of Maryland, College Park, Entrepreneurship, Growth, Executive, Automotive Supplier Innovation Program, University, Corcentric, LLC, Management

CHERRY HILL, N.J., July 11, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Executive Chairman Doug Clark has named Matt Clark CEO of the company.

Key Points: 
  • CHERRY HILL, N.J., July 11, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Executive Chairman Doug Clark has named Matt Clark CEO of the company.
  • As president and CEO, Clark will lead long-term strategic initiatives that advance Corcentric’s business growth and market position, as well as oversee all daily operations across business lines and functions.
  • A 19-year Corcentric veteran, he has also held senior roles within sales and operations in addition to his recent duties as president and COO.
  • “As president and COO, Matt has been instrumental in the rapid growth of Corcentric in recent years, ushering in increased revenue, new customers, and executive team leadership, while integrating acquisitions that have solidified our market-leading technology and services,” said Doug Clark.

Corcentric Secures $315 Million Senior Credit Facility

Retrieved on: 
Tuesday, June 13, 2023
Forecasting, Stephens Inc., Bank, JPMorgan Chase, Bank of America, Corcentric, LLC

CHERRY HILL, N.J., June 13, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today it secured a new $315 million senior credit facility.

Key Points: 
  • CHERRY HILL, N.J., June 13, 2023 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today it secured a new $315 million senior credit facility.
  • The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America and JPMorgan Chase & Co. and a $65 million term loan from TCW Private Credit Group.
  • Corcentric leverages sophisticated services and technology across the procurement and finance lifecycle, allowing customers to optimize profitability by reducing costs, increasing efficiencies, and improving cash flow.
  • “Our ability to obtain this facility in today’s intensely difficult credit environment is a testament to the strength of our business model,” said Matt Clark, president and COO at Corcentric.

Corcentric Unveils New Corporate Brand Aligned with Unique Value Proposition

Retrieved on: 
Tuesday, May 23, 2023
Forecasting, Social media, Marketing, Corcentric, LLC, Culture, Sales

In addition to an updated website, logo, and collateral, Corcentric debuted a new tagline: Proven results.

Key Points: 
  • In addition to an updated website, logo, and collateral, Corcentric debuted a new tagline: Proven results.
  • “Every business is one-of-a-kind, and our brand evolution is a direct result of the unique relationship we have with our customers,” said Matt Clark, president and COO at Corcentric.
  • “Our current culture strongly supports and aligns more closely with our new purpose-driven value proposition,” said Nancy Pearson, chief marketing officer at Corcentric.
  • Put simply, Corcentric makes saving more and stressing less the norm for procurement and finance leaders.”

Strong First Quarter Caps Year of Business Growth for Corcentric

Retrieved on: 
Wednesday, May 10, 2023
Cloud, ISG, IDC, Software as a service, Intelligence, CMO, FAO, Forecasting, Workload, CFO, Artificial Intelligence Applications Institute, Corcentric, LLC, Management

“Our business growth is a direct result of our comprehensive leadership portfolio, which includes B2B technology, payment solutions, and advisory and managed services,” said Matt Clark, president and COO at Corcentric.

Key Points: 
  • “Our business growth is a direct result of our comprehensive leadership portfolio, which includes B2B technology, payment solutions, and advisory and managed services,” said Matt Clark, president and COO at Corcentric.
  • And with real-time visibility into spend, smarter analytics, and accurate forecasting, customers can focus on strategic growth planning.
  • In February, Corcentric launched its transformative Intelligent Applications solution across its existing offering, enabling finance and procurement leaders to automate and simplify critical business processes.
  • “The foundation on which our business is built has been and always will be our people,” said Doug Clark, founder, CEO, and chairman, Corcentric.