CHERRY HILL, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today it will provide Managed Accounts Receivable (AR) services to CTS Systems , a preeminent data management company in the travel management field.
Key Points:
- CHERRY HILL, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today it will provide Managed Accounts Receivable (AR) services to CTS Systems , a preeminent data management company in the travel management field.
- By integrating Corcentric’s Managed AR offering into its existing platform, CTS Systems will now offer its corporate travel agent and hotel customers a single-source solution that enhances the accuracy and speed of commissions and payments with consolidated, digitized, and secure invoice processing.
- “By partnering with Corcentric, we’re able to leverage our existing platform to vastly improve the flow and speed of payments to hotels and commissions to booking agents.
- "The same is true of those operating within the corporate travel and booking industry.
CHERRY HILL, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that the company achieved high marks for its Managed Accounts Payable (AP) , Payments , and Procurement services in the Spend Matters Spring 2024 SolutionMap .
Key Points:
- CHERRY HILL, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that the company achieved high marks for its Managed Accounts Payable (AP) , Payments , and Procurement services in the Spend Matters Spring 2024 SolutionMap .
- The Spring 2024 SolutionMap and TechMatch SM rankings include 79 procurement technology vendors that underwent the most rigorous functionality and capability assessment within the industry.
- SolutionMap contains 500+ Request for Information (RFI) requirements across 12 Source-to-Pay (S2P) categories with mandatory demos and impartial, anonymized customer ratings.
- Some users look for configurability, others don’t,” said Pierre Mitchell, chief research officer at Spend Matters.
CHERRY HILL, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that it has incorporated new generative Artificial Intelligence (AI) capabilities to further enhance its Accounts Payable (AP) invoice processing services for customers.
Key Points:
- CHERRY HILL, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that it has incorporated new generative Artificial Intelligence (AI) capabilities to further enhance its Accounts Payable (AP) invoice processing services for customers.
- Through state-of-the-art AI, including OpenAI GPT technology, and human-supervised machine learning, Corcentric now offers touch-free accuracy improvements and the ability to extract customized or unique data with its invoice processing capabilities.
- This incorporation of new, specialized AI models will lead to better invoice verification, error and fraud detection, and handling of poor-quality invoices.
- “By augmenting our advanced AP invoice processing services with the latest responsible AI capabilities, we allow our customers to avoid having to rectify and validate issues – including those that occur frequently – that can arise within AP processing.
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Tuesday, February 27, 2024
CHERRY HILL, N.J., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Carrolton Facility Management, a customer in the healthcare space, has seen substantial business benefits after the deployment of Corcentric’s Managed Accounts Payable (AP) and Managed Payments solutions.
Key Points:
- CHERRY HILL, N.J., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that Carrolton Facility Management, a customer in the healthcare space, has seen substantial business benefits after the deployment of Corcentric’s Managed Accounts Payable (AP) and Managed Payments solutions.
- The organization provides high quality long-term care services in a home-like environment for the residents and families they serve.
- Corcentric’s Managed Payments solutions eliminate friction in the payment process by optimizing programs through platform innovation, personalized support, and continuous process refinement.
- The benefits go way beyond the finance department, including stronger supplier and customer relationships, the elimination of fraudulent payments, and increased overall organizational efficiency.
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Tuesday, December 5, 2023
Celebrating 25 years as the premier ground transportation collective, IMG comprises 53 companies across the country that range in size, region, and reflect a range of business models.
Key Points:
- Celebrating 25 years as the premier ground transportation collective, IMG comprises 53 companies across the country that range in size, region, and reflect a range of business models.
- “This surge in spend is welcome news for an industry devastated by the pandemic,” said Matt Clark, president and CEO at Corcentric.
- “This steadfast focus has allowed IMG companies to become the first choice for so many travelers throughout North America.
- Corcentric’s Fleet Procurement experts offer the latest products, negotiate pricing and terms, and provide flexible credit and payment services to customers.
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Wednesday, November 29, 2023
Riteload’s platform, which matches shippers with carriers in a fully transparent marketplace, is the only freight matching platform that eliminates the broker model completely.
Key Points:
- Riteload’s platform, which matches shippers with carriers in a fully transparent marketplace, is the only freight matching platform that eliminates the broker model completely.
- In addition to putting more money in drivers’ pockets, it enables shippers to save time and money and control their own relationships.
- Corcentric will manage guaranteed electronic payments to all carriers booking through the Riteload platform and provide payment within two business days.
- “Corcentric’s innovative Managed Payments solution and vast experience expediting transactions between shippers and carriers makes them an ideal partner as we strive for more efficiency, transparency, and equality in the trucking space.”
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Monday, November 20, 2023
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.
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Wednesday, October 18, 2023
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.
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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.
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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.
