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Home Supply Chain

SaaS and Managed Services for S2P and order-to-cash

admin by admin
February 15, 2023
in Supply Chain


Image by kalhh from Pixabay

Corcentric is one of those companies that, to borrow one of Churchill’s famous lines, can feel like a riddle wrapped inside an enigma. Founded in 1996 (one year after FreeMarkets), it was the first leveraged buying organization to adopt early payment at scale — as a carrot to get hesitant suppliers on-board. And it worked.

Since then, Corcentric has expanded dramatically into both source-to-pay (S2P) and order-to-cash (O2C) — and has gone even deeper on payments, working capital and trade financing.

Corcentric fueled its aggressive expansion by investing in its fleet and truck parts buying (and payment/collections) business and conducting a series of acquisitions, starting in 2002 when it bought its original outsourced technology partner, Corcentric (at the time Corcentric was branded AmeriQuest). It ceased its acquisitions for a number of years before resuming in earnest with InfoAccess, COR360, Source One, Netsend, Determine and Vendorin.

Having felt disconnected from Corcentric’s recent journey, I decided to drop by its customer conference in Orlando last week to better understand where the firm is today, especially from a technology perspective with S2P, AP and AR alongside its adjacent GPO, cash collections and payments business lines.

After 2022’s pulled SPAC effort confused a number of people given the breadth of the business, I thought it would be helpful to share some of my findings and analysis here and explain how I look at the different pieces that make up Corcentric as a SaaS provider today. And potentially more interesting: how it is coming together into a more cohesive whole as a tech-enabled managed services firm.

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