Corcentric
- Company typePrivate
- Founded1996
- HeadquartersCherry Hill, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
Corcentric firmographics
Firmographics- Name
- Corcentric
- Legal name
- Corcentric, Inc.
- Website
- https://corcentric.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Corcentric industry classification
Industry- Product category
- Procurement and Financial Operations Software
- NAICS
- Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Procurement, Vendor Management & Purchase-to-Pay (P2P) (FSAGAJAK)
- akta.pro secondary industries
- A2A Payouts & Disbursements (FSAMAFAG), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Payment Processing for Collections (Lockbox, ACH, Card, IVR) (FSAKAJAJ)
Keywords
Where Corcentric is headquartered
LocationHeadquarters
- HQ city
- Cherry Hill
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Corcentric business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software/SaaS Subscriptions: Corcentric Platform and Cor360 solutions delivered as cloud-based SaaS with modular components. Revenue derived from software licensing and subscription fees for source-to-pay, order-to-cash, and intelligent application modules.
- Managed Services: Managed services covering Accounts Payable, Accounts Receivable, Sourcing, Procurement, Payments, and Fraud Protection. Services include advisory consulting, operational execution, and trade finance. Priced on delivery volume with ongoing cost savings.
- Strategic Advisory and Consulting: Procurement consulting, strategic sourcing, digital transformation, and category management services. Delivered as fee-for-service or contingency-based (gain sharing) models.
- Fleet Solutions: Fleet procurement/GPO services, fleet financing programs, fleet remarketing, and fleet analytics. Revenue from group purchasing organization membership fees, financing facilitation, and transaction-based services.
- Payment Network Services: B2B payment processing through the Corcentric Payments Network. Revenue generated from payment transaction fees, early payment discounts, virtual card rebates, and supplier services including onboarding and verification.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise and mid-market focused with custom pricing |
| Transaction based/ take rate | Pay-as-you-go | Volume-based pricing for EIPP and payment services |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Corcentric product offering
Product offeringCore offering
Corcentric provides a modular SaaS platform plus managed services for B2B Source-to-Pay, Order-to-Cash, fleet procurement, and B2B payments. Its offerings combine AI-powered software (eProcurement, AP/AR automation, e-invoicing, payments) with managed operations and strategic advisory to deliver working capital improvement, cost reduction, and compliance for enterprise customers. The Corcentric Payments Network processes over $100 billion in annual spend connecting 450,000+ buyers with 1.4 million+ suppliers.
Product overview
Corcentric offers a platform-plus-modules architecture combining software, managed services, and advisory expertise across B2B commerce. The core Corcentric Platform serves as the foundational SaaS layer for Source-to-Pay (S2P) and Order-to-Cash (O2C) solutions. Source-to-Pay encompasses Source-to-Contract (Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management), Procure-to-Pay (Catalog Management, Requisitioning, PO Management, E-Invoicing, Invoice Management), AP Automation (Cor360 AP Automation with three-way matching and approval workflows), and Payments (Corcentric Payments / AP ePayments with StopFraud protection and PayNet Network). Order-to-Cash includes EIPP, Managed AR, Supply Chain Finance, Centralized Billing, and AR Automation. Intelligent Applications layer powered by AI includes Intelligent AP Automation, and Gopher Intelligent Assistant for NLP-driven conversational interactions via Microsoft Teams. Fleet Solutions (GPO/Procurement, Financing, Analytics, Remarketing) serves the transportation sector. Managed Services augment the software with human-delivered AP, AR, Sourcing, Procurement, and Payments operations. Strategic Advisory Services provide sourcing, category management, cost reduction, and digital transformation consulting. The Corcentric Business Network is the AI-Native platform layer connecting buyers and suppliers across the entire ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- Cor360: Purchase order and accounts payable automation platform for customers and suppliers
- Gopher
- StopFraud
- PayNet
- Corcentric Business Network
- Corcentric Intelligence Applications
Quantifiable outcome
- Reduces invoice processing costs by up to 80%
- +11 more outcomes
Companies that use Corcentric
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles4 records
Corcentric technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability9 records
Feature8 records
Corcentric partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core.
- WorkatocoreStrategic partnership to expand integration capabilities for procurement and finance solutions. Collaboration incorporates Workato's iPaaS platform into Corcentric's technology ecosystem, providing pre-built connectors to enterprise systems, universal connectivity across SaaS and on-premise environments, low-code orchestration tools, and enterprise-grade governance and security. Initial launch targets Microsoft Dynamics 365 Finance and Operations with plans to expand to SAP and Sage ERP systems.
- MicrosoftcorePre-built ERP integration connectors for Microsoft Dynamics 365 Finance and Operations. Workato-powered integration targeting Microsoft Dynamics 365 Finance and Operations announced as first Workato-powered integration.
- SAPcorePre-built ERP integration connectors for SAP systems. Plans to expand Workato-powered integration to SAP ERP systems.
- OraclecorePre-built ERP integration connectors for Oracle systems enabling seamless connection with Corcentric platform.
- NetSuitecorePre-built ERP integration connectors for NetSuite systems.
- InforcorePre-built ERP integration connectors for Infor systems.
- WorkdaycorePre-built connectors for Workday financial management systems.
- Sage IntacctcorePre-built connectors for Sage Intacct accounting systems.
- CoupacorePre-built procurement integration connectors for Coupa spend management platform.
- SAP AribacorePre-built procurement and sourcing integration connectors for SAP Ariba.
- JaggaercorePre-built procurement and sourcing integration connectors for Jaggaer.
- TrimblecoreIntegration with Trimble to automate fleet invoice processing and repair order management across North America. System automatically ingests invoices and repair orders, matching and approving process orders without human intervention.
Scale indicators21 records
Recent moves6 records
Expansion highlights6 records
Corcentric competitors and assessment
Company assessmentDirect peers
- Basware: Basware is a leading AP automation and P2P vendor that directly competes with Corcentric's procure-to-pay and invoice automation modules for enterprise finance and procurement buyers. Both target mid-to-large organizations seeking electronic invoicing, three-way matching, and ERP-integrated AP workflows.
- Jaggaer: Jaggaer is a direct source-to-pay competitor offering sourcing, supplier management, contract lifecycle, and procurement analytics largely aligned with Corcentric's Corcentric Platform capability set. Both target enterprise procurement organizations undergoing digital transformation.
- Tipalti: Tipalti provides AP automation, global payments, and supplier onboarding that directly overlaps with Corcentric's AP automation, payments network, and supplier management capabilities. While Tipalti historically leans mid-market, its enterprise traction increasingly competes for the same buyers.
- HighRadius: HighRadius is an AI-native order-to-cash and treasury platform directly overlapping with Corcentric's Order-to-Cash, EIPP, and managed AR offerings. Both compete for enterprise finance teams looking to automate invoicing, collections, DSO reduction, and cash application.
- Versapay: Versapay offers AR automation, electronic invoice presentment and payment, and B2B payment network services that closely mirror Corcentric's EIPP and Order-to-Cash capabilities. Both target mid-market and enterprise finance teams seeking to digitize invoice-to-cash workflows.
- AvidXchange: AvidXchange provides AP automation and B2B payment services for mid-market and enterprise customers, closely aligned with Corcentric's AP automation and Corcentric Payments Network value proposition. Both monetize via transaction-based payment fees combined with software subscriptions.
Broad incumbents
- Coupa Software: Coupa is a broad business spend management platform offering source-to-pay, procurement, and AP automation that overlaps with Corcentric's Cor360 AP Automation and source-to-contract solutions. As a larger incumbent (now under Thoma Bravo), it bundles P2P capabilities into a wider spend management portfolio and competes head-to-head for enterprise deals.
- SAP Ariba: SAP Ariba is the dominant source-to-contract and procurement platform embedded within the SAP ecosystem, directly competing with Corcentric's source-to-contract and supplier management modules. It serves very large enterprises and sets the de facto procurement standard many Corcentric prospects already use.
Emerging players
- Tradeshift: Tradeshift operates a B2B commerce and invoice network connecting buyers and suppliers with AP automation, comparable to Corcentric Business Network's supplier-buyer connectivity and e-invoicing. It competes primarily on the network/payments layer rather than full source-to-pay.
- Stampli: Stampli is an AI-driven AP automation platform offering invoice capture, collaborative approvals, and ERP integration. It overlaps with Corcentric's Intelligent AP Automation and Gopher assistant, primarily targeting mid-market organizations.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Corcentric social profiles
Digital presenceCorcentric compliance and trust
Trust signalCompliance6 records
Corcentric financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corcentric leadership team
Management profileNumber of profiles
Corcentric funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corcentric M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corcentric
What does Corcentric do?
Corcentric provides a modular SaaS platform plus managed services for B2B Source-to-Pay, Order-to-Cash, fleet procurement, and B2B payments. Its offerings combine AI-powered software (eProcurement, AP/AR automation, e-invoicing, payments) with managed operations and strategic advisory to deliver working capital improvement, cost reduction, and compliance for enterprise customers. The Corcentric Payments Network processes over $100 billion in annual spend connecting 450,000+ buyers with 1.4 million+ suppliers.
Is Corcentric a public or private company?
Corcentric is a private company. It is classified as private equity controlled and is currently operating.
When was Corcentric founded?
Corcentric was founded in 1996. It employs 501 to 1,000 people.
Where is Corcentric based?
Corcentric is headquartered in Cherry Hill, United States, in the North America region.
How does Corcentric make money?
Five revenue lines are on record. Software/SaaS Subscriptions are the primary driver. The others are managed Services, strategic Advisory and Consulting, fleet Solutions and payment Network Services.
Who are Corcentric's main competitors?
Direct peers on record are Basware, Jaggaer, Tipalti, HighRadius, Versapay and AvidXchange. Broad incumbents are Coupa Software and SAP Ariba. Emerging players are Tradeshift and Stampli.
Does Corcentric have an API?
Yes. Corcentric's platform features an API-first architecture with RESTful APIs and developer tools enabling real-time transaction data exchange, external workflow triggering, embedding of Corcentric services directly into custom UIs, and data mapping customization without heavy IT involvement. The platform also incorporates Workato's iPaaS platform via a strategic partnership, providing pre-built connectors, universal connectivity across SaaS and on-premise environments, low-code orchestration tools, and enterprise-grade governance and security. The initial Workato-powered integration targets Microsoft Dynamics 365 Finance and Operations, with plans to expand to SAP and Sage ERP systems.
What industry is Corcentric in?
Corcentric's product category is Procurement and Financial Operations Software. Its primary akta.pro industry code is FSAGAJAK, Procurement, Vendor Management & Purchase-to-Pay (P2P), with a secondary code of FSAMAFAG, A2A Payouts & Disbursements. Its NAICS code is 513210 and its SIC code is 7372.