Corcentric Strengths, Domain Expertise, and Key Differentiators
Corcentric is a provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric's procurement accounts payable and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability.
Corcentric Recent Developments
In May 2020, Corcentric received investment from New York-based private equity firm, Bregal Sagemount. The $80 million capital raise will support Corcentric’s product innovation and solution integration efforts as the company continues its global expansion; helping businesses reduce costs and spend more efficiently.
Corcentric Mergers and Acquisitions (M&A) Activities
In April 2019 Concentric acquired Determine Inc.(global Source-to-Pay and Enterprise Contract Lifecycle Management solutions). The sale was approved by the Board of Directors of both companies, and Determine’s stockholders, and completed as an all-cash transaction for $32 million. The acquisition enabled Corcentric to become the only solution provider with an end-to-end solution suite for both Source-to-Pay and Order-to-Cash delivered through consulting, technology, services, and an ability to optimize B2B payment flows.
In February 2019 Concentric acquired Netsend Ltd (Headquartered in London, Netsend offers electronic billing, invoicing, and document distribution services to the FTSE 100 and global blue-chip companies in over 50 different countries) The acquisition marks Corcentric's expansion into the global e-billing market as a SaaS provider.
In May 2018 Corcentric acquired Source One Management Services, LLC (tech-enabled procurement services provider delivering cost reduction and savings through strategic sourcing and procurement transformation) Corcentric is adding their sourcing and procurement expertise to his portfolio of procure-to-pay solutions.
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 Platform customers.
Ownership: - x
Number of Employees: 300
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Manufacturing, Media, Oil and Gas, Professional Services, Retail, Transportation,
Corcentric Key Enterprise and Cloud Applications
Corcentric Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Corcentric Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Corcentric Enterprise Applications Revenues By Functional Markets, $M:
Corcentric Enterprise Applications Revenues By Verticals, $M:
Corcentric Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Corcentric Direct vs Indirect sales
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Corcentric Customers - Breakdown by Geo, Size, Vertical and Product
No. of Corcentric Customers: 6000
No. of Corcentric Enterprise Applications Customers: x
No. of Corcentric Cloud Customers: x
No. of Corcentric Cloud Subscribers: x
Corcentric has 6000 customers some of them are Dalmer, DOT, LAWSON Products, UMRH, and others.
Corcentric Market Opportunities, M&A and Geo Expansions
In March 2020, Corcentric launched the Global Alliance Program the new partner program increases access to source-to-pay and order-to-cash solutions for global companies. The Corcentric Global Alliances Program is open to private equity, advisory, system integrator, technology, and reseller partners.
Corcentric Risks and Challenges
In March 2018, AmeriQuest and Corcentric Announce Unification of Brand Identity.
Corcentric Ecosystem, Partners, Resellers and SI
Some of Corcentric partners are HBR Consulting, Flyxum, DocuSign, Commerce Bank, and others.
In February 2019 Corcentric Relocates Headquarters in Cherry Hill, NJ, to Accommodate Rapid Growth.
In December 2018 Corcentric Expands Partnership with Conversion Technologies International (full-service document and image conversion center). The relationship marks the continued integration of Corcentric’s solution with CTI as a way to provide customers with smarter technology that optimizes the invoice-to-payment process.
Corcentric Cloud Infrastructure Insights
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- Corcentric Public Cloud and Infrastructure (IaaS)
- Corcentric Platform (PaaS)
- Corcentric Application Delivery
- Corcentric Private Cloud and Data Centers
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).
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