Purchasing News Hubb
Advertisement
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
Purchasing News Hubb
No Result
View All Result
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.

To learn more, become a PRO member.

For full access to this PRO content:

 



Source link

Previous Post

NSW Government Procurement with Aboriginal Businesses Soars 420%

Next Post

When to Engage a Procurement Recruitment Agency: Hiring Top Talent

Next Post

When to Engage a Procurement Recruitment Agency: Hiring Top Talent

Recommended

SAP: Digitisation is changing the face of procurement

August 4, 2022

Video: How to get started with ESG – Ivalua’s Stephen Carter

November 26, 2022

Don't miss it

Supply Chain

Three supply chain risks that will hurt your bottom line in 2023

March 29, 2023
Procurement

Procurement Heads Awarded Kaleida Gold Seal

March 29, 2023
Supply Chain

Vendor Analysis — Supplier data management solution overview

March 28, 2023
Procurement

Procurement Leadership Blogs : Procurement Recruitment Blogs

March 28, 2023
Supply Chain

Vendor Analysis — Payment terms analytics solution overview

March 25, 2023
Supply Chain

SRM needs a CRM makeover in major procurement systems

March 24, 2023

© Purchasing News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Procurement
  • Supply Chain
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us

© 2022 Purchasing News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/