Procurement Solutions
Tailored procurement solutions to streamline operations, control spend, and boost savings.
Executive Summary
Corcentric offers comprehensive procurement solutions designed to optimize the entire source-to-pay process. These solutions provide easy-to-navigate search and purchase capabilities, secure payment options, and real-time budget monitoring. They are tailored to enhance operational efficiency, provide flexibility, and increase visibility across all procurement activities, including specialized offerings for sectors like healthcare and pharmaceuticals. The platform integrates and automates various financial and operational processes, encompassing procurement, accounts payable (AP), accounts receivable (AR), and contract lifecycle management (CLM). This integration facilitates faster throughputs, improved collaboration, and enhanced financial management. Corcentric also provides expert services such as procurement technology advisory and contracting & negotiation support to help clients optimize their procurement strategies. By leveraging automation, including invoice capture via API and robust ERP integrations for order-to-cash solutions, Corcentric enables businesses to streamline operations, reduce costs, and maximize working capital. The focus is on empowering organizations, such as financial executives in healthcare, to maintain tight control over their procurement processes and achieve significant operational improvements.
Use Cases
- Streamlining healthcare and pharmaceutical procurement processes.
- Automating invoice capture and accounts payable workflows.
- Optimizing source-to-pay processes for efficiency and cost reduction.
- Managing contracts and negotiations for better terms and compliance.
- Integrating procurement with existing ERP and financial systems.
Features
Visibility
- Real-time Spend Monitoring: Monitor all OpEx, CapEx, and project-based budgets in real-time to identify savings opportunities.
- Supplier Certification Status: Access supplier certification status via API integration to ensure compliance and mitigate risks.
- Easy Search & Purchase: Provide users with easy-to-navigate, simple search and purchase capabilities for efficient requisitioning.
Intelligence
- Savings Opportunity Identification: Analyze spend data and budgets to proactively identify potential cost savings and efficiency gains.
Support
- Procurement Technology Advisory: Expert guidance on selecting, implementing, and optimizing procurement technology solutions.
- Contracting & Negotiation Services: Assistance with reviewing pricing terms, conditions, and service terms, and proposing resolutions to optimize contracts.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Integrations
- ERP systems
- e-Attestations
- CLM systems
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Corcentric
Corcentric is a global provider of procurement and finance solutions, offering automation of accounts payable and receivable, management of procurement processes, and strategic advisory services to optimize financial operations.
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