
Corcentric’s pending acquisition of Determine will create one of the more unique procurement and finance solutions providers in the market. In addition, the transaction, upon closing, will firmly establish Corcentric as a software (SaaS/cloud platform) provider in the source-to-pay sector. But what are the implications for Corcentric’s and Determine’s customers and the broader competitive market?
Part 1 of this Spend Matters PRO brief provided an overview of the combination (by the numbers), an analysis of the transaction/valuation and our “elephant in the room” observations.
Today, we turn our attention to customer recommendations for Corcentric and Determine users and offer a perspective on the competitive landscape implications of the transaction.
In later PRO briefs, we will offer our view of Determine’s functional strengths and weaknesses in both the procure-to-pay (i.e., e-procurement and invoice-to-pay) and strategic procurement technologies (e.g., sourcing, CLM, etc.) areas.