Corcentric Relocates Headquarters to Accommodate Rapid Growth
FEB 15, 2019 - 7:00 am
Corcentric relocated its headquarters to Woodland Falls Corporate Park in Cherry Hill, NJ to better accommodate the company’s rapid growth. The company now has a client base of over 6,000 companies and reported revenue of $103 million in 2018.
“For more than two decades, New Jersey has been our home and we’re committed to continuing to grow in this state,” said Matt Clark, Corcentric president and COO. “As more and more companies realize the efficiency and productivity gains enabled by modernizing their procurement and finance functions – and the cost-savings and better supplier relationships that go along with it – we expect the momentum we experienced last year to continue throughout 2019.”
In 2018, notable company milestones included unifying its AmeriQuest Business Services and Corcentric brands under the Corcentric name to more clearly communicate the company’s commitment to delivering innovative procurement and finance solutions. The company also secured a $200 million senior credit facility, which is being used to support growth organically and via acquisitions in the US and abroad. Company growth was supported by the acquisition of Source One Management Services, based in Willow Grove, PA, which expanded Corcentric’s sourcing and procurement services.
Corcentric also increased its global footprint through two recent acquisitions: Determine, a provider of global Source-to-Pay and Enterprise Contract Lifecycle Management Cloud Platform solutions, and Netsend, a London-based company offering electronic billing, invoicing, and document distribution services to the FTSE 100 and global blue-chip companies in more than 50 countries.
Corcentric will discuss these industry trends and outlook at its annual Corcentric Symposium, February 13–15 in Orlando, FL. Attendees will hear from a roster of industry executives and famous entrepreneurs, including Terry Jones(founder of Travelocity.com), Stephen Moore (renowned economist) and Bill Taylor (co-founder of Fast Company).
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