Corcentric
Corcentric is a global provider of business spend management and revenue management solutions tailored for mid-market and Fortune 1000 companies. The company specializes in cloud-based software, payments, and advisory services that transform how businesses purchase, pay, and receive payments. Corcentric's offerings include end-to-end technology solutions for payments, accounts payable, and accounts receivable, all delivered through a proprietary payments network. By focusing on reducing costs, optimizing working capital, and enhancing visibility, Corcentric empowers its customers to drive growth and minimize risk.
Vendorin
Acquisition in 2021
Vendorin, Inc. is a provider of electronic payment enablement solutions based in Omaha, Nebraska, founded in 2007. The company operates an integrated payment network and supplier engagement platform that allows businesses to convert targeted checks into card and ACH-based electronic payments. By optimizing payment processes, Vendorin helps companies enhance operational efficiency, reduce costs, and generate revenue through card rebates and network discounts. Its services facilitate hassle-free transactions by offering a multichannel approach to electronic payments, enabling clients to engage suppliers effectively.
Netsend
Acquisition in 2019
Netsend Limited, founded in 1994 and based in London, provides electronic billing, invoicing, and document distribution services primarily to FTSE 100 and global blue-chip companies. As a subsidiary of Corcentric, LLC, Netsend specializes in secure online access to document distribution history, enhancing reporting, performance analysis, and proof of delivery. The company offers a cloud-based portal that includes features such as template creation, document analytics, and an audit trail, allowing businesses to efficiently manage their documentation and access statements for performance metrics and transparency.
Determine
Acquisition in 2019
Determine, Inc. is a global provider of software-as-a-service solutions focused on source-to-pay and enterprise contract lifecycle management. The company offers the Determine Cloud Platform, which features an open technology infrastructure for applications in strategic sourcing, contract management, procurement, invoice management, financial management, supplier management, and analytics. Founded in 1996 and headquartered in Carmel, Indiana, Determine serves a diverse range of industries, including insurance, pharmaceuticals, healthcare, retail, transportation, manufacturing, and financial services. The company’s solutions are designed to streamline business processes and enhance user experience through fast integration, self-service tools, and modular options that can be added as needed. Determine markets its products through a direct sales force and partnerships, ensuring that organizations can implement scalable solutions tailored to their specific needs.
Source One Management Services
Acquisition in 2018
Source One Management Services, LLC is a management consulting firm specializing in procurement consulting services based in Willow Grove, Pennsylvania. Established in 1992, the company offers a comprehensive range of services including strategic sourcing, procurement transformation, e-sourcing, negotiation, category management, and spend management. Additionally, Source One provides market research, opportunity assessments, and consulting services such as audit and benchmarking. Its diverse clientele includes notable organizations such as Arrow International, DKNY, and Otsuka. In 2018, Source One became a subsidiary of Corcentric, LLC, further enhancing its capabilities in the procurement sector.
InfoAccess.Net
Acquisition in 2016
InfoAccess.net LLC is a provider of cloud-based e-Invoicing services, catering to suppliers, large retailers, blue chip companies, and manufacturers in the United States and globally. Founded in 1999 and headquartered in Independence, Ohio, the company facilitates the exchange of business documents such as purchase orders and invoices in various electronic formats. By reducing reliance on paper documentation, InfoAccess.net enhances the efficiency of the order-to-invoice process, leading to lower costs, improved reconciliation, reduced invoice deductions, and expedited payment cycles. With a client base exceeding 16,000 customers in over 50 countries, the company processes approximately 2.5 million accounts payable and receivable transactions annually. As of October 2016, InfoAccess.net operates as a subsidiary of Corcentric Collective Business System Corp.
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