Corcentric
Procurement partnerAbout
Corcentric is a tech-enabled business services company founded in 1996 that provides fleet management solutions and managed accounts receivable services to organizations across industries including transportation, automotive, manufacturing, and distribution. The company combines managed services, advanced technology, and deep industry expertise to help businesses reduce fleet costs, accelerate cash flow, reduce days sales outstanding (DSO), and improve working capital. Originally founded as Amer...
Details
VenSearch Intelligence
Ideal Customer
- Corcentric is a leading provider of payments, accounts payable, and accounts receivable technology to enterprise and middle-market companies.
- Determine, a Corcentric company, solutions are designed to help mid-market to Fortune 1000 companies transform, automate and streamline entire Source-to-Pay and Order-to-Cash processes to control costs, maximize savings, mitigate risk and improve working capital.
Key Differentiators
- Corcentric offers a unique combination of technology and payment solutions complemented by robust advisory and managed services, reducing stress and increasing savings for procurement and finance business leaders by forming a strategic partnership to diagnose pain points and deliver tailor-made solutions.
- Corcentric was one of the first significant procurement platform providers emphasizing the preservation of customers' working capital as part of its go-to-market positioning.
Industries Served
- Corcentric serves a broad range of industries with particular depth in transportation, manufacturing, and financial services.
- Corcentric supports almost $500 billion of annual B2B commerce across more than 2,000 customers in manufacturing, transportation, wholesale/distribution, retail, healthcare, and financial services end markets.
Service Coverage
- Corcentric operates globally with a primary base in North America and an expanding presence in Europe and Asia.
- As of August 2026, Corcentric has approximately 565 employees across 3 continents, including North America, Europe and Asia.
Partnerships
- Corcentric actively expands its ecosystem through partnerships with Unite, Workato, Avalara, and notable clients like Cartes Bancaires CB, signaling openness to integrated procure-to-pay and compliance solutions.
- In February 2026, Corcentric announced a strategic partnership with Workato, the leader in Enterprise Model Context Protocol (MCP), which expands Corcentric's integration capabilities by adding scalable, pre-built, and self-service connectivity options.
Company Size & Ownership
- Corcentric was founded in 1996 and is headquartered in Cherry Hill, New Jersey, with an employee count in the 501–1,000 range.
- In 2023, Corcentric's revenue reached $114.1M, reflecting consistent revenue growth since its launch in 1996.
Compliance & Certifications
- Corcentric holds SOC 2 Type 2 attestation from the American Institute of Certified Public Accountants and HIPAA compliance certification examined by Schellman and Company, along with consecutive G2 Leader recognitions in Mid-Market Accounts Payable and Spend Analysis.
- The company's Core Framework emphasizes enterprise-grade security and audit capabilities, and their recent Workato integration partnership highlights a commitment to enterprise-grade governance, security, and observability, ensuring integrations meet the highest standards for reliability, compliance, and performance.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
13 offeringsAccounts Payable Automation
Corcentric offers Accounts Payable automation as part of its Source-to-Pay solutions, listed under the Source-to-Pay navigation category on the website. The Corcentric Intelligent AP Automation product is described as providing increased AP speed and efficiency. It is featured as a distinct offering in both the site navigation and the videos library.
Corcentric StopFraud
Corcentric StopFraud is a state-of-the-art validation system designed to protect both buyers and sellers from payment fraud. It is described as a security-focused offering within the Corcentric platform. The system is featured as a distinct product in the Corcentric video library.
Fleet Analytics
Fleet Analytics is a component of Corcentric's Fleet Solutions that provides fleet visibility and data-driven insights to help organizations make better decisions about their fleet operations. It is designed to give customers better visibility into fleet performance and costs. This offering is listed as a distinct product within the Fleet Solutions suite.
Fleet Financing
Fleet Financing is a dedicated financing solution within Corcentric's Fleet Solutions suite that helps organizations fund fleet vehicles and equipment. It is designed to reduce the total cost of fleet ownership by providing financing options tailored to fleet operators. This service is listed separately from other fleet offerings on the Corcentric site.
Fleet Procurement
Fleet Procurement is a service within Corcentric's Fleet Solutions that helps organizations strategically source and purchase fleet vehicles and related products at better pricing. The team of experts applies 25 years of fleet procurement experience to keep fleets prepared and reduce costs. It is listed as a distinct offering within the Fleet Solutions suite.
Fleet Remarketing
Fleet Remarketing is a service within Corcentric's Fleet Solutions that helps organizations manage the end-of-life disposition of fleet vehicles to maximize resale value and optimize the vehicle lifecycle. It is designed to reduce costs associated with aging fleet assets. This offering is listed as a distinct service within the Fleet Solutions suite.
Fleet Solutions
Corcentric's Fleet Solutions is a comprehensive suite of services and technology designed to optimize every aspect of fleet operations and lower total cost of ownership. It encompasses fleet procurement, analytics, financing, remarketing, and supplier access, combining 25 years of expertise with managed services and technology. The solution targets industries such as transportation and logistics, automotive, and manufacturing to drive operational excellence and reduce operating costs.
Fleet Suppliers
Fleet Suppliers is a component of Corcentric's Fleet Solutions that connects fleet operators with more than 160 of the fleet industry's leading parts, equipment, and service suppliers. It is designed to provide customers with better supplier pricing and access to a broad network of vetted fleet industry partners. This offering leverages Corcentric's established supplier relationships to help reduce fleet operating costs.
Managed Accounts Receivable
Corcentric's Managed Accounts Receivable (Managed AR) solution handles the full accounts receivable process from invoice creation through collections, combining advanced technology and expert managed services. It provides cash application, invoicing automation, collections management, dispute management, and receivables financing with a non-recourse agreement to eliminate bad debt risk. Customers can choose when they get paid — 5, 15, or 30 days earlier than due — while Corcentric manages all AR processes on their behalf.
Managed AR Receivables Financing
Corcentric's receivables financing component within Managed AR provides guaranteed on-time payments to suppliers, with invoices paid earlier than due date — 15, 30, 40, or even 60 days earlier — while buyers pay on their normal schedule. The service operates on a non-recourse basis, eliminating credit risk and bad debt expenses for the seller. It is designed to give organizations greater control over working capital without requiring upfront costs.
Payments
Corcentric offers a Payments solution listed as a distinct category under Source-to-Pay in the site navigation. Based on the company history, this includes B2B payments capabilities derived from the acquisition of Vendorin, a B2B payments provider. The Corcentric StopFraud validation system is described as protecting payments with a state-of-the-art security system.
Supplier Information Management (SIM)
Supplier Information Management on the Corcentric Platform keeps all supplier data visible and organized in one place. It is designed to help organizations manage supplier information centrally and maintain data accuracy across their supplier base. This offering is listed as a distinct product in the Corcentric video library.
Supplier Risk and Performance Management (SRPM)
Supplier Risk and Performance Management on the Corcentric Platform enables organizations to score and evaluate their suppliers based on risk and performance criteria. It provides tools to assess and monitor the supplier base to reduce supply chain risk. This offering is listed as a distinct product in the Corcentric video library.
Considering Corcentric?
Our team will work with you to determine if Corcentric is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.