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
Company Specialist at Welcome to the Jungle