Corcentric

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

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

• Accounts payable automation
• Source-to-pay software
• Order-to-cash solutions
• B2B payment network
• Procurement managed services

Headquarters

HQ city

Cherry Hill

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers15 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability9 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core.

• WorkatocoreTechnology or Integration · 5 February 2026Strategic 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.
• MicrosoftcoreTechnology or IntegrationPre-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.
• SAPcoreTechnology or IntegrationPre-built ERP integration connectors for SAP systems. Plans to expand Workato-powered integration to SAP ERP systems.
• OraclecoreTechnology or IntegrationPre-built ERP integration connectors for Oracle systems enabling seamless connection with Corcentric platform.
• NetSuitecoreTechnology or IntegrationPre-built ERP integration connectors for NetSuite systems.
• InforcoreTechnology or IntegrationPre-built ERP integration connectors for Infor systems.
• WorkdaycoreTechnology or IntegrationPre-built connectors for Workday financial management systems.
• Sage IntacctcoreTechnology or IntegrationPre-built connectors for Sage Intacct accounting systems.
• CoupacoreTechnology or IntegrationPre-built procurement integration connectors for Coupa spend management platform.
• SAP AribacoreTechnology or IntegrationPre-built procurement and sourcing integration connectors for SAP Ariba.
• JaggaercoreTechnology or IntegrationPre-built procurement and sourcing integration connectors for Jaggaer.
• TrimblecoreTechnology or IntegrationIntegration 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

Direct 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

• Xx.com/corcentric
• Facebookfacebook.com/corcentric
• LinkedInlinkedin.com/company/corcentric

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corcentric