Catching up on Corcentric, which has been on Spend Matters’ radar for years

Corcentric — a source-to-pay provider targeting procurement and finance groups with various software, services and capital/payment offerings — has been on Spend Matters’ radar for years as the New Jersey-based company has acquired and created solutions for the procurement technology market.

Converged source-to-pay models similar to Corcentric’s are thriving.

"Like GEP, Corcentric proves that you don't need to be a pure-play cloud software provider alone to carve out a material chunk of the fast-growing procurement solutions market," said Jason Busch, managing director of Spend Matters Nexus, which advises sponsors, boards and CEOs on M&A in the procurement sector. “Corcentric is a successful amalgam of procurement services, payment/financing, group purchasing solutions and source-to-pay technology. While the capital markets were previously confused by everything it did — including leasing — the value proposition for customers today is much clearer."

Corcentric has solutions for procurement, accounts payable and accounts receivable. Let’s look at Spend Matters’ coverage over the years:

From this year:
Customer reviews for Determine (a Corcentric company) are in the new SolutionMap Customer Insights report

Corcentric moves up to our list of Top 50 Procurement Companies to Know:
From Watch to Know in 2019: Corcentric on a Mission to Optimize Procurement, Payables and Billing

PRO coverage from our analysts after this news in February 2019, Corcentric to Buy Determine:
Corcentric to Acquire Determine: Exploring Determine’s Strategic Procurement Technologies Strengths and Weaknesses (Part 4) [PRO]

Corcentric to Acquire Determine: Exploring Determine’s Procure-to-Pay Strengths and Weaknesses (Part 3) [PRO]

Corcentric to Acquire Determine: Valuation, Transaction Overview, Customer Recommendations and Competitive Landscape Analysis (Part 2) [PRO]

Corcentric to Acquire Determine: Valuation, Transaction Overview, Customer Recommendations and Competitive Landscape Analysis (Part 1) [PRO]

From December 2018:
Afternoon Coffee: Corcentric Gets $200 Million Investment

PRO analysis from May 2018:
Corcentric Acquires Source One: Transaction Analysis (Part 2) — Customer Recommendations, Selection Checklist and Procurement Consulting Market Update [PRO]

Corcentric Acquires Source One: Transaction Analysis (Part 1) — Background, Rationale and Deal Analysis [PRO]

From March 2018:
AmeriQuest and Corcentric Unify Under a Single Brand: A Q&A with Matt Clark

From 2016:
Corcentric’s Cloud Solution Offers New Model for Distributor Finance

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