Corcentric Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Corcentric Strengths, Domain Expertise, and Key Differentiators

Corcentric is a provider of procurement and finance solutions that helps companies manage purchasing, payments, and receivables. Its suite of solutions in procurement, accounts payable, and accounts receivable is designed to improve spending efficiency, optimize cash flow, and enhance profitability. These offerings aim to streamline financial operations for businesses across various industries.

Corcentric Recent Developments

As of 2024, Corcentric strengthened its market position with top ratings in Spend Matters Spring 2024 SolutionMap for its accounts payable, payments, and procurement services. The company integrated generative AI into invoice processing in March 2024 and expanded its equipment financing offerings through a partnership with Customers Commercial Finance, LLC. Corcentric also launched an enhanced International Tax Management Engine in January 2025, improving accuracy, global compliance, and operational efficiency.

In November 2023, Corcentric partnered with Riteload, a broker-free freight matching platform. The collaboration brings Managed payment services to carriers and shippers on Riteload's platform, ensuring swift and efficient payment cycles. Corcentric's Payments Solution facilitates electronic payments, streamlining billing, collections, and remittances, thereby optimizing cash flow. The partnership reflects Corcentric's commitment to enhancing efficiency and transparency in the trucking industry.

In February 2022, Corcentric Capital Equipment Solutions (CCES) formed an equipment finance funding agreement with Customers Commercial Finance, LLC. This collaboration enhances Corcentric's financial capabilities, providing tailored financing solutions for diverse industries. The partnership underscores CCES's commitment to expanding its financial network and supporting clients' unique financing needs. Customers Commercial Finance joins Corcentric's esteemed National Funding Network Partners.

In September 2022, Corcentric partnered with ProMach to integrate payment digitization services, streamlining processes and enhancing efficiency. The collaboration aims to improve cash flow visibility and reduce errors, aligning with the growing trend of CFOs accelerating digitization efforts for balance sheet improvement. ProMach sees Corcentric's Payments solution as a secure platform to deliver high-performance services to suppliers. York-based private equity firm. This funding is earmarked for supporting Corcentric's endeavors in product innovation and solution integration as part of its global expansion strategy, with a focus on assisting businesses in enhancing cost management and achieving greater spending efficiency.

Corcentric Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Corcentric applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Corcentric and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Corcentric AP Automation, Corcentric Procurement customers.

Corcentric Key Enterprise and Cloud Applications

Corcentric AP Automation, Corcentric Procurement

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Corcentric Direct vs Indirect sales

Corcentric Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Corcentric Customers

No. of Corcentric Customers: 6000

No. of Corcentric Enterprise Applications Customers: 6000

No. of Corcentric Cloud Customers: x

No. of Corcentric Cloud Subscribers: x

Corcentric serves over 6,000 organizations across diverse industries. Notable clients include UNIVI, which adopted Corcentric's Procure-to-Pay solution for operational efficiency in healthcare, and Mr. Bricolage, which implemented Corcentric's SaaS Procurement Solution to support its expansion. In 2024 and 2025, companies like Apollo Tires, LDSK, and ANJAC Health & Beauty Group also adopted Corcentric's solutions to enhance procurement, accounts receivable, and supplier management processes.

Corcentric Market Opportunities, M&A and Geo Expansions

Corcentric is positioned to benefit from the integration of AI and automation, such as generative AI for invoice processing and the International Tax Management Engine, which improve efficiency and accuracy. Its Global Alliance Partner Program expands its reach through collaborations with private equity firms, resellers, technology providers, and advisory firms. With growing demand for digital procurement and payment solutions, Corcentric’s customer-centric approach and partnerships with clients like Apollo Tires and ANJAC Health & Beauty Group suggest potential for continued market growth.

Corcentric Risks and Challenges

Corcentric faces challenges related to maintaining service quality and customer satisfaction during rapid growth, as well as managing cybersecurity risks and regulatory changes, such as evolving e-invoicing mandates. The company also needs to continue innovating to stay competitive in the digital procurement and finance space. Through proactive risk management strategies, including supplier risk management and AP automation, Corcentric aims to mitigate risks like fraud and late fees, supporting its position in the industry.

Corcentric Ecosystem, Partners, Resellers and SI

Corcentric’s Global Alliance Partner Program includes private equity firms, resellers, technology providers, and advisory firms, enabling the company to offer a broad range of integrated solutions. A notable example is its 2021 partnership with Beroe, which integrated supplier risk data into the Corcentric platform to provide clients with insights into financial, reputational, and cyber risks. These partnerships support mutual growth and innovation, reinforcing Corcentric's position in the financial technology ecosystem and enhancing its value to clients.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: