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Corcentric

Procurement, accounts payable, and accounts receivable solutions

Corcentric logo
501-1000 employees
  • Fintech
  • B2B
  • Enterprise
  • SaaS
  • Accounting
  • Procurement
Cherry Hill, NJ

Company mission

Corcentric's mission is to provide customers with leading software, advisory services, and payments that empower them to reduce costs and improve working capital in order to compete more effectively.

Top investors

14% employee growth in 12 months

Our take

Maintaining a smooth cash flow as an Enterprise can be highly problematic due to the complex financial movements involved with procurement, accounts payable, and accounts receivable. Whilst cashflows can be optimized by data-driven financial processes and expert advice, such solutions generally rely on time-consuming data analysis processes and expensive consultation fees.

Corcentric provides end-to-end procurement, accounts payable, and accounts receivable solutions, combining financial process automation, advisory services, and payment infrastructure to maximize business cashflows. The company achieves this through a suite of enterprise-focused solutions for source-to-pay and order-to-cash workflows, in addition to its cashflow specialists.

Whilst Corcentric will undeniably face competition from other startups that offer more specialized cashflow optimization services, the company has been wise to recognize that enterprises generally require solutions for all areas of payments, leading to the convoluted process of juggling fragmented software solutions. Through its unified combination of cashflow expertise and modular workflow automation tools, the company aims to maximize the cash flow of its clients and future-proof against the future of automated payment infrastructure. With post-IPO funding awarded in 2023 from the Bank of America and JP Morgan, Corcentric can accelerate these ambitions.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Company values

  • Do the Right Thing - People on the Corcentric team work with integrity, work smart, and always work collaboratively. We don’t look to do the expedient thing. We don’t look to do the convenient thing. We look to do the right thing
  • Embrace + Drive Change - It’s so easy to go along to get along. But that’s not how growth happens. Growth happens when you challenge the status quo, when you change things for the better. Change can be daunting, but at Corcentric, we are up to the challenge
  • Be Empowered - We know that the next great idea can come from anywhere; that’s why we embrace the power of our people. We don’t need to look outside for a “think tank.” Our best “think tank” is the people who work here. At Corcentric, you get to own your own role in the company
  • Be Relentlessly Focused on the Customer - All jobs have customers—some external and some internal—and delighting them is our primary motivation. After all, ours is a business built on relationships, so our responsiveness, our attention to the little details, and our attitudes matter

Funding (1 round)

May 2020

$80m

GROWTH EQUITY VC

Total funding: $80m

This company has top investors

Leadership

Founder, President, and CEO of AmeriQuest Business Services since 1997. Chairman of the Board for AAA South Jersey since 2007.

Jobs (2)

All locations

Sales & Account Management