Corcentric

Corcentric

Automates B2B procurement, AP/AR, CLM

Overview

Corcentric provides B2B commerce software and services that automate financial operations across the source-to-settle and order-to-cash cycles. Its platform combines procurement, accounts payable, accounts receivable, and contract lifecycle management, plus services to tailor solutions for each client. It differentiates itself by delivering end-to-end, integrated support that blends technology with process expertise for holistic lifecycle management. Its goal is to improve cash flow, reduce costs, and free up working capital by optimizing procurement, payments, and collections.

About Corcentric

Simplify's Rating
Why Corcentric is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

501-1,000

Company Stage

IPO

Headquarters

Cherry Hill, New Jersey

Founded

1996

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Simplify's Take

What believers are saying

  • Workato partnership announced February 2026 speeds ERP onboarding for finance and procurement teams.
  • CB selected Corcentric in October 2025 to digitize procurement and finance operations.
  • Unite deal in February 2026 broadens European reach and supplier access immediately.

What critics are saying

  • Private equity-backed rivals like Coupa and SAP Ariba compress enterprise procurement budgets fast.
  • If France's 2026 e-invoicing mandate slips, CB and Avalara-led wins delay.
  • No public layoffs or financing events signal vulnerability to customer concentration shocks.

What makes Corcentric unique

  • Corcentric combines procurement, payments, and AR in one workflow across source-to-settle.
  • Workato integration and Avalara e-invoicing deepen embedded connectivity and compliance.
  • Unite partnership extends Corcentric into European catalog procurement with localized suppliers.

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Funding

Total Funding

$577.3M

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
GlobeNewswire
Feb 5th, 2026
Corcentric expands its procurement ecosystem with Unite's European marketplace

Corcentric expands its procurement ecosystem with Unite's European marketplace. PARIS, Feb. 05, 2026 (GLOBE NEWSWIRE) - Corcentric, a leading global provider of best-in-class procurement and finance solutions, today announced a new partnership with Unite, a European procurement platform connecting buyers and suppliers for fair and sustainable business. Through this collaboration, Corcentric customers will gain integrated access to Unite's vetted European suppliers, enabling a more connected, efficient, and transparent buying experience directly within Corcentric's procurement ecosystem. The partnership brings together Corcentric's robust Source-to-Pay capabilities with Unite's compliant, catalogue-based procurement infrastructure, empowering organizations to simplify supplier management, consolidate purchasing, and improve overall spend control. Customers will be able to search, compare, and purchase from Unite's network while maintaining their existing Corcentric workflows, approval chains, and compliance rules. With immediate operational benefits, organizations can expect enhanced catalog diversity, access to localized suppliers across Europe, and improved data visibility that strengthens budget oversight and enables smarter decision-making. In addition to improved sourcing flexibility, the partnership supports broader sustainability and localization initiatives. Unite's platform highlights responsible suppliers and regional partners, making it easier for procurement teams to align day-to-day purchasing with strategic ESG goals. "Our partnership with Unite marks an exciting step forward in our mission to connect businesses with the tools and suppliers they need to operate more efficiently," said Xavier Pierre-Bez, Vice President, Business & Operations - EMEA at Corcentric. "By integrating Unite's powerful B2B marketplace and procurement services, we're giving our customers more choice, more transparency, and a more seamless procurement experience." "Unite and Corcentric share a commitment to simplifying procurement for modern organizations," said Peter Stenov, VP Strategic Accounts & Partnerships. "Together, we're making it easier for companies to discover trusted suppliers, streamline purchasing, and build more resilient, sustainable supply chains." About Corcentric Corcentric is a leading global provider of procurement, payments, and accounts receivable solutions. Corcentric's suite of technology-enabled services helps organizations reduce costs, optimize working capital, and improve cash flow, empowering finance and procurement teams to operate with greater agility, efficiency, and control. For more information, visit Corcentric.com. About Unite Unite (formerly Mercateo) connects the economy for sustainable business. The trusted e-procurement platform with its integrated marketplace enables effortless sourcing and purchasing for private and public sector organisations. Bringing buyers and suppliers together for mutual benefit, Unite has established a solid foundation of fair competition and trustworthy partnerships. The platform's scalable infrastructure supports connections, business stability and a robust supply chain. Unite revolutionises procurement for the private and the public sector by adding and sharing value for markets and communities. In 2022, Unite became the first platform business accredited with the Fair Tax Mark, representing the global standard for responsible tax practices. The company is also certified with the Gold EcoVadis label for its commitment to sustainability. Unite was founded as Mercateo in 2000 and is headquartered in Leipzig, Germany. It operates in 12 European countries, with over 700 employees working both in-office and remotely. For more information, visit unite.eu. Media Contact for Corcentric: Beth Price Vice President, Performance Marketing [email protected] (856) 403-7000

Board Converting News
Jul 14th, 2025
Corcentric Teams With FLAG, IPW to Streamline Procurement

Corcentric, a global provider of procurement and finance solutions, has partnered with Flexo Label Advantage Group (FLAG), a community of small to mid-size label converters, and Independent Printers Worldwide (IPW), a buying group for the printing industry, to provide Managed Accounts Receivable (AR) services for the companies' members and vendor partners.

The Manila Times
Feb 26th, 2025
ANJAC Health & Beauty Group Chooses Corcentric to Digitalize its Source-to-Contract Process

ANJAC Health & Beauty Group chooses Corcentric to digitalize its Source-to-Contract process.

PYMNTS
Feb 18th, 2025
Imperia Raises $10.5M for SCM Expansion

Spanish company Imperia raised €10 million ($10.5 million) in a Series A round to expand its supply chain management software internationally. The funding will enhance AI and analytics capabilities, grow its team, and expand to the U.K., Italy, and France. Co-led by Burda Principal Investments and Samaipata, the investment aims to optimize costs and manage risks. Imperia's SaaS platform targets SMBs and large enterprises, replacing manual processes with digital, AI-powered workflows.

PYMNTS
Jan 2nd, 2025
New Year, New Supply Chain: Procurement Innovations Shake Up Growth

As 2025 kicks off, B2B enterprises are looking internally for critical growth areas. Increasingly, what they are finding is that the procurement function represents a strategic lever for unlocking competitive differentiation. Until recently, and for decades before then, procurement teams in global organizations were viewed primarily as cost-cutting enforcers — a function focused on squeezing suppliers and saving pennies, as well as one traditionally laden with inefficiencies, manual processes and fragmented supply chain networks. In 2025, this antiquated image is likely set to be shattered. Today, procurement is not only being positioned as a key driver of organizational efficiency but also a critical strategic lever for growth, powered by innovations in payments and digital process enhancements across areas like embedded finance, supply chain financing, cross-border payments and digital marketplaces,

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