CHERRY HILL, N.J., Feb. 23, 2021 /PRNewswire/ -- Corcentric, a
leading provider of business spend management and revenue
management software and services, has been recognized by the IDC
MarketScape in the following reports:
- A Major Player in the IDC
MarketScape: Worldwide SaaS and
Cloud-Enabled Procurement Applications 2021 Vendor
Assessment (Doc US45015719, February 2021)
- A Major Player in the IDC
MarketScape: Worldwide SaaS and
Cloud-Enabled Procure-to-Pay Applications 2021
Vendor Assessment (Doc US45015519, February 2021)
- A Leader in the IDC MarketScape: Worldwide SaaS and
Cloud-Enabled Supplier Relationship
Management Applications 2021 Vendor Assessment (Doc
US45015919, February 2021)
- A Leader in the IDC MarketScape: Worldwide SaaS and
Cloud-Enabled Buy-Side Contract Life-Cycle
Management Applications 2021 Vendor Assessment (Doc
US45016019, February 2021)
- A Leader in the IDC MarketScape: Worldwide SaaS and
Cloud-Enabled Spend Analysis and
Management Applications 2021 Vendor Assessment (Doc
US45015319, February 2021)
- A Leader in the IDC MarketScape: Worldwide SaaS and
Cloud-Enabled Sourcing Applications 2021 Vendor
Assessment (Doc US45015419, February 2021)
Corcentric's technology solutions and advisory services support
$320 billion of annual B2B commerce
across more than 2,300 customers. The company recently consolidated
Source One, Determine and Netsend under the Corcentric name, as
well as made its largest acquisition – a $100 million purchase of B2B payments provider
Vendorin from Juvo Technologies.
"As a result of years of strong organic growth and strategic
acquisitions, we've completed our vision of being the only
end-to-end software, advisory services and payments solution to
optimize procurement, accounts payable and accounts receivable,"
said Matt Clark, president and COO
at Corcentric. "2021 will be a banner year for Corcentric and the
businesses we work with as we continue to drive digital finance
transformations with our unrivaled technology and advisory
services."
By integrating data and workflows across purchasing, suppliers,
contracts, and finance, Corcentric is helping organizations
streamline and transform procurement processes to save money,
increase efficiency, reduce risk, and improve working capital to
drive measurable, sustainable results. Despite many organizations
temporarily closing or shifting to a remote workforce over the past
12 months, Corcentric Platform customers have been more digitally
enabled and increased key metrics such as total spend on purchase
orders (+3.6%), the value of invoices with a workflow status of
booked or paid (+9.67%), total spend under management (+9.01%) and
the total spend under contract (+9.5%).
About the IDC MarketScape
IDC MarketScape vendor
analysis model is designed to provide an overview of the
competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical
illustration of each vendor's position within a given market. IDC
MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and
future market success factors of IT and telecommunications vendors
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective vendors.
About Corcentric
Corcentric is a global provider of
business spend management and revenue management software and
services for mid-market and Fortune 1000 businesses. Corcentric
delivers software, advisory services, and payments focused on
reducing costs, optimizing working capital, and unlocking revenue.
To learn more, please visit corcentric.com.
Contact: Andrew Jennings,
andrew@theplunkettgroup.com
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SOURCE Corcentric