Corcentric Recognized as Leader in Strategic Procurement Solutions

Determine, a Corcentric company, a global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions, was ranked in nine categories in Spend Matter’s Q4/19 SolutionMap released this month.

“It’s a privilege to be recognized by Spend Matters in their latest SolutionMap,” said Joe Payne, senior vice president, Corcentric. “Our Corcentric and Determine teams have worked hard to integrate our products and offer a full spectrum of Source-to-Pay and Contract Lifecycle Management solutions for companies in North America and Europe. It’s great to see that hard work reflected in these rankings.”

Determine, which was acquired by Corcentric in April 2019, was recognized as a solution leader in sourcing, as well as being included in the following categories: Supplier Relationship Management and Risk, Strategic Procurement Technologies (Sourcing, Analytics, CLM, and SRM), Spend and Procurement Analytics; Source-to-Pay, Procure-to-Pay, Invoice-to-Pay, E-Procurement and Contract Lifecycle Management.

The SolutionMap considers more than 1,000 functional and platform components across the source-to-pay and services procurement modules and suites in its rankings. The benchmarks are updated quarterly and reflect different organizational needs, making the rankings both timely and relevant to aid procurement professionals in selecting their best-fit procurement technology provider.

“SolutionMap is the great equalizer between buyers and sellers of procurement technology solutions,” said Spend Matters Founder Jason Busch. “It is the only ratings methodology that is fully transparent, considers equal parts technology analyst and customer scoring (individually and separately), and allows business users to create a one-to-one map based on their requirements to what technology vendors can provide based on demonstrated, generally available capability.”

“We greatly appreciate the time and resources the analysts and our customers put into making these evaluations possible,” added Matt Clark, president and COO, Corcentric. “Companies of all sizes, locations and industries are reaping the benefits our newly combined service offering.”

Corcentric serves a wide spectrum of industries including manufacturing, financial services, insurance, pharmaceuticals, healthcare, retail and transportation.

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