About Corcentric
Corcentric is a publicly listed company based in Mclean (United States) founded in 1998. It operates as a cloud-based procurement automation solutions are delivered to businesses worldwide. Corcentric has raised $81.2 million across 4 funding rounds from investors including Bank of America, JPMorgan Chase and TCW. Corcentric has completed 4 acquisitions, including Determine, Netsend and Vendorin. Its website corcentric.com draws about 217 thousand monthly visits. Corcentric offers products and services including Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is Corcentric, Inc. Its competitors include Coupa, Sage Group, Tipalti, Emburse and Airbase and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Founded in 1998 and headquartered in McLean, United States, Corcentric operates in the procurement and financial automation sector. Cloud-based platforms are offered for e-invoicing, invoice processing, ERP integration, approval workflows, payments, data capture, and centralized billing. Source-to-pay functionalities include supplier and contract management alongside invoice handling, while order-to-cash services cover credit, dispute, and collections management. Operations focus on streamlining business financial processes.
- Headquarters Mclean, United States
- Stage Public
- SectorsTechnology
- Website category Business and Consumer Services · Business Services
- Website corcentric.com
- Social LinkedIn X Facebook YouTube
- Legal Name Corcentric, Inc.
- Total Equity Funding$81.2M (USD)
in 4 rounds
- Latest Funding Round$80M (USD), Series B
May 2020
- InvestorsBank of America
& 3 more
- Investments & AcquisitionsDetermine
& 3 more
Products & Services of Corcentric
Corcentric offers a comprehensive portfolio of products and services, including Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications.
Automates accounts payable for efficient processing and error reduction
Handles payable management to improve cash flow and vendor relations
Uses AI for faster data access and touchless transaction processing
Apps and channels of Corcentric
its YouTube channel Corcentric has 78 subscribers and 30 videos.
Videos from Corcentric
The most watched videos on Corcentric's YouTube channel, Corcentric (78 subscribers). Click a video to play it here.
More on Corcentric.
Funding Insights of Corcentric
Corcentric has successfully raised a total of $81.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $81.2M
- Total Rounds 4
- Last Round Series B — $80M
- First Round $100M
(Dec 2012)
- Investors Count 4
All 4 funding rounds of Corcentric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $80M | Series B | – | Bregal Sagemount | – |
| Nov 2018 | $200M | Debt – Conventional | – | – | |
| May 2018 | $1.2M | Series A | – | – | – |
| Dec 2012 | $100M | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
Investors in Corcentric
Corcentric has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bank of America, JPMorgan Chase and TCW.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward high-growth startups in multiple sectors. | – | sagemount.com | New York, United States | |
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Equity and fixed income mutual funds are managed by TCW. | 1971 | tcw.com | Los Angeles, United States |
Investor details for Corcentric
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People of Corcentric
144 people are tracked at Corcentric (73 in leadership, 6 in board & advisors, 65 in team).
| Name | Role | Group |
|---|---|---|
Matt Michaelree | Digital Marketing Director | Leadership |
Constantinos Fernando | Vice President, Global Design And Brand Management | Leadership |
Matt Clark | President and Chief Operating Officer | Leadership |
Douglas W. Clark | Founder, Chief Executive Officer and Chairman | Leadership |
Dave Lindeen | Vice President | Leadership |
Manish Jaiswal | Chief Product & Technology Officer (cpto) | Leadership |
Frank Bussone | Vice President Of Technology And Data Analytics, Fleet Solutions | Leadership |
Dustin Cochran | Vice President Of Strategic Program Management | Leadership |
Sophie Hubscher | General Counsel & Senior Vice President | Leadership |
Todd Lepak | Area Vice President | Leadership |
Ashley Brizendine | Director Of Digital Marketing & Demand Generation | Leadership |
Jason Alyesh | Associate Director, Advisory | Leadership |
Keith Spencer | Vice President Of Global Customer Success | Leadership |
Nadiya Torous | Product Director | Leadership |
Amanda Betts | Senior Director, Organizational Development | Leadership |
Dave Beaudry | Director, Logistics Engineering | Leadership |
Lee Allen Maicd | Senior Vice President, O2c, Global | Leadership |
Jai S. | Vice President Of Engineering | Leadership |
Jodi O'Neill | Vice President Managed Services | Leadership |
Kelly Madison | Director, Customer Success | Leadership |
124 more people are available in the full profile.
Complete people profiles for Corcentric
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Investments & Acquisitions by Corcentric
Corcentric has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Determine, Netsend and Vendorin.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electronic B2B payments are facilitated via supplier profiles. | vendorin.com | Omaha, United States | 2007 | Feb 2021 | $100M | |
Cloud-based e-invoicing and document delivery solutions are offered to businesses. | netsend.com | London, United Kingdom | 1994 | Feb 2019 | •••• | |
SaaS solutions for procurement, contracts, and supplier management are provided. | determine.com | San Mateo, United States | 1996 | Feb 2019 | $32M | |
Cloud-based platform is provided for e-invoicing solutions. | infoaccess.net | Cleveland, United States | 1999 | Oct 2016 | •••• |
Complete acquisition details for Corcentric
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Timeline of Corcentric
8 dated milestones of Corcentric across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Corcentric is founded.
- Funding First funding round of $100.0M.
- Acquisition Acquires infoaccess.net.
- Acquisition Acquires Determine.
- Acquisition Acquires Netsend.
- Funding Latest funding round, Series B, of $80.0M.
- Acquisition Acquires Vendorin.
- IPO Lists on the stock exchange (IPO).
Competitors of Corcentric
Corcentric has 9 listed competitors in our database, 8 of them funded. They include Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. |
Detailed competitors of Corcentric
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Web traffic of Corcentric
The website of Corcentric (corcentric.com) receives about 217.2K visits a month and ranks #112,621 among all websites worldwide, #2,916 in Business Services.
- Monthly visits217.2K
▲ 10.5% vs previous month
- Unique visitors26.3K
per month
- Global rank#112,621
among all websites
- Category rank#2,916
Business and Consumer Services · Business Services
- Bounce rate14%
- Pages per visit23.9
- Average visit19 min 01 sec
- DevicesDesktop 76% · Mobile 24%
Websites whose visitors overlap most with Corcentric. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| spendmatters.com | 100% | 30.6K | #969,184 | View details | |
| rw-3.com | 98% | – | #1,974,284 | View details | |
basepoint.co.uk | basepoint.co.uk | 98% | – | #2,723,041 | – |
| regpacks.com | 97% | 28.2K | #925,967 | View details | |
| inverto.com | 92% | 34.7K | #908,420 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 34 similar websites and full traffic analytics for Corcentric
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- 34 similar websites
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Corcentric (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Corcentric
Complete news archive for Corcentric
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Frequently Asked Questions about Corcentric
Corcentric was founded in 1998 and raised its 1st funding round 14 years after it was founded.
Corcentric is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Corcentric is a funded company, having raised a total of $81.2M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100M, raised on Dec 2012.
Founded in 1998 and headquartered in McLean, United States, Corcentric operates in the procurement and financial automation sector. Cloud-based platforms are offered for e-invoicing, invoice processing, ERP integration, approval workflows, payments, data capture, and centralized billing. Source-to-pay functionalities include supplier and contract management alongside invoice handling, while order-to-cash services cover credit, dispute, and collections management. Operations focus on streamlining business financial processes.
Corcentric's top competitors include Coupa, Sage Group and Airbase.
Corcentric offers Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications.
Corcentric has 4 investors. Key investors include Bank of America, JPMorgan Chase, TCW, and Bregal Sagemount.
Corcentric operates through Corcentric, Inc..
The website of Corcentric receives about 217 thousand visits a month and ranks #112,621 among all websites worldwide.