Corcentric

Corcentric's Fleet Management Solutions

Corcentric offers a comprehensive suite of solutions tailored for fleet management. These include Fleet GPO, Fleet Financing, Fleet Remarketing, and Fleet Analytics. The Fleet GPO (Group Purchasing Organization) helps businesses leverage collective buying power to reduce costs on fleet-related purchases. Fleet Financing solutions provide flexible financial options to manage fleet investments effectively. Fleet Remarketing services assist in maximizing the resale value of vehicles, while Fleet Analytics employs data-driven insights to optimize fleet performance and reduce operational costs. These integrated services ensure that businesses have all the tools necessary to manage their fleets efficiently and cost-effectively.

Corcentric's Source-to-Pay (S2P) Platform

Corcentric provides a comprehensive Source-to-Pay (S2P) platform designed to streamline procurement and payment processes. Key services include Cor360 AP Automation, which automates accounts payable workflows to improve efficiency and accuracy. Their Indirect Spend Management service helps businesses control non-direct costs by optimizing procurement strategies. Additionally, Corcentric's Strategic Advisory Services offer expert guidance to enhance sourcing and procurement operations. Together, these services enable organizations to achieve greater financial control, reduce costs, and improve overall supply chain efficiency.

Corcentric's Managed Services

Corcentric employs a Managed Services model to provide end-to-end support for various business functions. Their Managed Accounts Receivable and Managed Accounts Payable services ensure timely and accurate financial transactions. Managed Sourcing and Managed Procurement services help businesses optimize their purchasing strategies and supplier relationships. Managed Payments, supported by Corcentric's robust Payments Network, streamline the payment process and offer multiple payment methods, including ACH, vCard, and paper checks. By outsourcing these critical functions, businesses can focus on their core activities while ensuring operational efficiency and financial accuracy.

Corcentric's Payments Network

Corcentric's Payments Network is a robust platform that processes over $100 billion in spend annually, serving more than 450 thousand buyers and 1.4 million suppliers. This extensive network supports a variety of payment methods, including ACH, vCard, and paper checks, providing flexibility and convenience for businesses. As part of its payment security measures, Corcentric offers the StopFraud™ validation solution to protect against fraudulent transactions. This network not only enhances payment processing efficiency but also ensures that transactions are secure, reliable, and compliant with industry standards.

Corcentric's Digital Transformation Services

Corcentric offers Digital Transformation services aimed at optimizing business processes across procurement, sourcing, and financial operations. These services leverage advanced technologies to automate and streamline workflows, resulting in improved efficiency and reduced operational costs. By integrating procurement processes with accounts payable systems, Corcentric's Procure-to-Pay (P2P) solutions enhance transparency and control over financial transactions. Businesses can benefit from data-driven insights and innovative solutions that drive strategic decision-making and long-term growth. Corcentric's commitment to digital transformation ensures that organizations are well-equipped to navigate the evolving business landscape.