Corcentric, a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and mid-market companies, announced today that it has been recognized as a Leader in the 2023 ISG Provider Lens™ Procurement BPO and Transformation Services Global Report.
“Corcentric’s unique approach of integrating procurement BPO group purchasing and capital management/payment services positions it as a Leader in procurement BPO for mid-market firms,” said Bruce Guptill, distinguished analyst and executive advisor, ISG.
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As a part of its robust Managed Services offering, Corcentric’s Managed Procurement combines service, technology, and financing to generate positive business outcomes. Corcentric removes the burden and stress of procurement processes with technology solutions and expert resources so customers can focus on growing their business, while also saving time and money.
“We are extremely proud to receive this recognition from ISG that validates Corcentric’s strategic business offering,” said Matt Clark, president and chief operating officer at Corcentric. “Our Managed Procurement services free customers to focus on value creation by taking on the burden of their day-to-day procure-to-pay tasks, from tactical and strategic purchasing to supplier management. When employed as part of our overall Managed Services suite of solutions, customers can focus on larger initiatives that drive business expansion.”
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The ISG Provider Lens report highlights Corcentric’s strengths in the space, including:
- “Unique platform, services, and payment positioning: Procurement BPO and managed services provision is built on its own procurement software platforms.”
- “A key focus on significant, in-depth analysis to improve clients’ visibility into, and management of, spend and revenue data.”
- “Unique group purchasing organization (GPO) with managed accounts receivable and accounts payable services and capital/management payment services.”
- “Enabling change management with clean processes and policies: Transformation consulting services include procurement advisory, technology advisory, and AP/ Finance advisory.”
ISG Provider Lens research is produced by Information Services Group (ISG), a leading global technology research and advisory firm.