Corcentric Platform: Vendor Analysis (Part 1) — S2P solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

This Spend Matters Vendor Analysis provides an overview of Corcentric Platform and its source-to-pay (S2P) solution.

In the ever-evolving landscape of business operations, organizations are constantly seeking ways to enhance efficiency, reduce costs and streamline their processes. For procurement professionals, the one-stop-shop offered by source-to-pay (S2P) solutions can be invaluable. These comprehensive platforms offer a unified approach to managing the entire procurement process, from sourcing suppliers to making payments.

Corcentric Platform by Corcentric is one such comprehensive S2P offering, born out of Corcentric’s various acquisitions over the last five years (Source One Management Services in 2018; Netsend in 2019; Determine, Inc. in 2019; and Vendorin B2B Payments provider in 2020). Corcentric Platform currently includes supplier management, sourcing, CLM, procurement, invoice management, financial management, payments and analytics.

Part 1 of this update provides a detailed overview of each module and includes an analyst summary. Part 2 provides more details on the strengths and opportunities of the solution, reviews the competitive landscape and provides user considerations.

This analysis explores:

the concept behind Corcentric Platform and the pain points it addresses.

its platform, application and supporting services.

verified customer references about how Corcentric Platform actually performs

Corcentric Platform’s market competition

This Spend Matters Vendor Analysis provides an overview of Corcentric Platform and its source-to-pay (S2P) solution.

In the ever-evolving landscape of business operations, organizations are constantly seeking ways to enhance efficiency, reduce costs and streamline their processes. For procurement professionals, the one-stop-shop offered by source-to-pay (S2P) solutions can be invaluable. These comprehensive platforms offer a unified approach to managing the entire procurement process, from sourcing suppliers to making payments.

Corcentric Platform by Corcentric is one such comprehensive S2P offering, born out of Corcentric’s various acquisitions over the last five years (Source One Management Services in 2018; Netsend in 2019; Determine, Inc. in 2019; and Vendorin B2B Payments provider in 2020). Corcentric Platform currently includes supplier management, sourcing, CLM, procurement, invoice management, financial management, payments and analytics.

This analysis explores:

the concept behind Corcentric Platform and the pain points it addresses.

its platform, application and supporting services.

verified customer references about how Corcentric Platform actually performs

Corcentric Platform’s market competition