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Corcentric

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Doug Clark's photo - Chairman & CEO of Corcentric

Chairman & CEO

Doug Clark

CEO Approval Rating

83/100

Founded:

1996

Status:

PrivateIndependent Company

CORCENTRIC TOP COMPETITORS OR ALTERNATIVES

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Missing a competitor? Contribute!

AvidXchange is one of Corcentric's top rivals. AvidXchange is a Private company that was founded in 2000 in Charlotte, North Carolina. AvidXchange competes in the Business Support Services industry. Compared to Corcentric, AvidXchange has 1,000 more employees.

Bill.com is seen as one of Corcentric's biggest rivals. Bill.com was founded in 2006 in San Jose, California. Bill.com is in the Fintech industry. Bill.com generates $82.1M more revenue than Corcentric.

MineralTree is one of Corcentric's top competitors. MineralTree was founded in 2010, and its headquarters is in Waltham, Massachusetts. MineralTree is in the Data Processing Services field. MineralTree has 391 fewer employees than Corcentric.

Corcentric Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Vendorin, Inc.

Feb 2021

Source »
$100M
Vendorin is a fintech company that provides electronic payment enablement solutions for banking and automotive sectors.
Netsend Limited

Feb 2019

Source »
undisclosed
Netsend provides e-invoicing, e-billing, document security, accounts receivable automation and document distribution services for businesses.
Determine, Inc.

Feb 2019

Source »
$32M
Determine provides cloud-based procurement and contract lifecycle management solutions.
Source One Management Services, LLC

May 2018

Source »
undisclosed
Source One is a technology-enabled procurement company that specializes in providing sourcing and consulting services.

These are all the companies that Corcentric has acquired. Corcentric has acquired 4 companies and its latest acquisition was Vendorin, Inc. in Feb 2021. Vendorin is a fintech company that provides electronic payment enablement solutions for banking and automotive sectors.

Corcentric Funding History

Since Corcentric was founded in 1996, it has participated in 3 rounds of funding. In total Corcentric has raised $281.2M. Corcentric's last funding round was on May 2020 for a total of $80.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
May 2020
$80M

Bregal Sagemount

Debt
Dec 2018
$200M
Equity
Apr 2018
$1.2M
-

Since Corcentric was founded in 1996, it has participated in 3 rounds of funding. In total Corcentric has raised $281.2M. Corcentric's last funding round was on May 2020 for a total of $80.0M

Corcentric Investments

No recent investments found related to Corcentric

Corcentric News

June 8, 2021NJBIZ

Corcentric appoints new general counsel

Alex Green comes on board at the Cherry Hill-based company where he will be responsible for leading l... See more »
June 7, 2021Equipment Finance Advisor

Corcentric Appoints New General Counsel

Corcentric announced the appointment of Alex Green as Senior Vice President and General Counsel. Gree... See more »
April 28, 2021News Break

Beroe Integrates With Corcentric For Supplier Risk Management - News Break

Procurement intelligence firm Beroe, Inc. has integrated with spend and revenue management tech firm ... See more »

Corcentric Blogs

February 9, 2021Corcentric Blog

Mastering a Complex Supplier Ecosystem in 2021

Supply chain vulnerabilities caused by the COVID-19 pandemic have made mastering complex supplier eco... See more »
December 18, 2020Corcentric Blog

Looking Beyond Traditional O2C Solutions: The Limits of Financial Services

Financial service providers are one way to manage accounts receivable, but alone, will not guarantee ... See more »
December 14, 2020Corcentric Blog

3 Keys to Improving Fleet Safety, Productivity, and Compliance

There are 3 steps fleets should take to maintain the health of their vehicles, the safety of their dr... See more »

Corcentric Press Releases

February 23, 2021PR Newswire

Corcentric Positioned in Latest IDC MarketScape Reports

/PRNewswire/ -- Corcentric, a leading provider of business spend management and revenue management so... See more »
February 16, 2021PR Newswire

Sterling is Selected as Preferred Background Screening Provider by Corcentric

NEW YORK, Feb. 16, 2021 /PRNewswire/ -- Sterling-a leading provider of background and identity servic... See more »
October 12, 2020PR Newswire

Corcentric Recognized as Source-to-Pay Leader by Spend Matters

CHERRY HILL, N.J., Oct. 12, 2020 /PRNewswire/ -- Corcentric, a leading provider of business spend man... See more »

Corcentric Videos

Social Media

Corcentric Headquarters

200 Lake Drive East Suite 200

Cherry Hill, New Jersey08002

1-800-608-0809

Driving Directions »

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Corcentric Summary

ABOUT

Overview

Corcentric designs and develops cloud-based account payable automation, procurement and billing software products for the commercial applications. Corcentric was founded in 1996. Corcentric's headquarters is located in Cherry Hill, New Jersey, USA 080...

CEO

Corcentric's Chairman & CEO, Doug Clark, currently has an approval rating of 83%. Corcentric's primary competitors are AvidXchange, Bill.com & MineralTree.

Frequently Asked Questions about Corcentric

  1. When was Corcentric founded?

    Corcentric was founded in 1996
  2. Who is Corcentric's CEO?

    Corcentric's CEO is Doug Clark
  3. How much revenue does Corcentric generate?

    Corcentric generates $120M in revenue
  4. How much funding does Corcentric have?

    Corcentric has historically raised $281.2M in funding
  1. Where is Corcentric's headquarters?

    Corcentric's headquarters is in Cherry Hill New Jersey, USA
  2. How many employees does Corcentric have?

    Corcentric has 500 employees
  3. What sector does Corcentric operate in?

    Corcentric is in Internet Software, Application Software
  4. Who are Corcentric's competitors?

    Corcentric's top competitors are AvidXchange, Bill.com, MineralTree