Corcentric logo — Proven results. Built together.

Corcentric

Proven results. Built together.

Founded 1996 United States Cherry Hill, United States 577 employees IPO Total: $527.25M

General Information

Company Name Corcentric
Founded Year 1996
Location United States Cherry Hill, United States
Founders / Decision Makers
Team member
Employees 577
Funding Stage IPO
Business Model B2B, SaaS, Platform
Revenue Model Service Fee, Subscription, Usage Based
Social

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About Corcentric

Corcentric, founded in 1996, stands out as a global leader in procurement and finance solutions, providing businesses with cutting-edge technology and payment services enhanced by robust advisory and managed services. With a headquarters in the United States, the company has positioned itself as a trusted partner for over two decades, delivering on its promise of "Proven results. Built together."

The company's strategic partnership approach effectively addresses unique pain points, resulting in reduced stress and increased savings for procurement and finance business leaders. The recent $315.00M Post IPO Debt investment, completed on 01 June 2023, underlines its robust financial standing. Established investors such as Bank of America, JPMorgan Chase, and The TCW Group contributed to this investment, reflecting strong confidence in Corcentric's growth potential and market strategy.

Business keywords: procurement solutions, finance solutions, business spend management, revenue management, payment solutions, advisory services, accounts payable automation, e-invoicing, invoice automation, ERP integration, invoice approval workflow, financial process automation, accounts receivable automation, strategic sourcing, procure-to-pay

Services & Products

Procurement Advisory
Finance Advisory
Intelligent AP Automation
Managed Accounts Receivable
Managed Accounts Payable
Fleet Solutions
E-Invoice Presentment and Payment

Target Customers

Large Enterprises Fleet Managers Procurement Professionals Financial Executives Transportation and Logistics Companies

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Debt $315.00M 3
Bank of America, JPMorgan Chase +1
01 Jun 2023
Spac Private Placement $132.25M 1
North Mountain Merger Corp
01 Dec 2021
Growth Equity VC $80.00M 1
Bregal Sagemount
01 May 2020

Corcentric Alternatives & Competitors

View All Alternatives
Corcentric vs
OpusCapita
OpusCapita Finland

Digitalization & automation to your invoicing, accounts payable, accounts receivable and e-procureme...

390 employees
Finance, Financial Services
Corcentric vs
Basware
Basware Finland

With Basware, now it all just happens.

Venture round
1651 employees
Cyber Security, Fintech
Corcentric vs
PaperTrl, Inc.
PaperTrl, Inc. United States

An AP automation tool that manages the procure-to-pay process for the mid-market

Seed
30 employees
SaaS

FAQ About Corcentric

Proven results. Built together.
Corcentric was founded in 1996.
Corcentric is headquartered in Cherry Hill, United States.
Corcentric has a B2B, SaaS and Platform business model. Its revenue comes from Service Fee, Subscription and Usage Based.
Corcentric has approximately 577 employees.
Corcentric has completed 3 funding rounds, raising a total of $527.25M. The latest funding stage is IPO.
Corcentric offers: Procurement Advisory, Finance Advisory, Intelligent AP Automation, Managed Accounts Receivable, Managed Accounts Payable, Fleet Solutions, E-Invoice Presentment and Payment.
Top alternatives and competitors to Corcentric include OpusCapita, Basware, PaperTrl, Inc. , Tranch, Semine. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Corcentric and OpusCapita are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Corcentric, https://bouncewatch.com/company/corcentric, updated 17 May 2026. When citing, please name BounceWatch and link this page.

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