Meineke Dealers Purchasing Cooperative presented its Vendor Appreciation Award to Corcentric, a provider of business spend management and revenue management solutions and services.

“Corcentric is the technology group behind MDPCI Transact, our platform for centralized procurement and billing. It is through this system that we are able to operate as one unit and obtain true group pricing,” Ron Soto, executive director of Meineke Dealers Purchasing Cooperative, said. “As the program grows, our buying opportunities increase and our costs decrease. Corcentric has been a partner in every sense of the word, and we are deeply grateful for the countless hours they have spent building the platform, onboarding our franchise members and helping us explore new ways to grow.”

Meineke also relies on Corcentric’s managed AR solution, providing technology, guaranteed payment to vendors and managed services for franchise members. The technology includes a centralized billing platform and analytics and insights to help Meineke Dealers Purchasing Cooperative members grow while reducing costs.

With Corcentric’s guaranteed payments, vendors can bill Corcentric directly for purchases rather than sending separate bills to each franchise location. Corcentric guarantees the payment to the vendor then handles all the payables and collections with the franchisee.
Corcentric’s managed services program assists Meineke with onboarding its franchises, facilitating dispute resolution, and providing training and technology support.

“We are honored to have been recognized by Meineke for our efforts,” Dave Lindeen senior vice president of Corcentric, said. “As a trusted partner, we look forward to continually providing programs and services that will help Meineke grow and prosper.”

Meineke Dealers Purchasing Cooperative establishes vendor programs for parts and services for the Meineke dealer network.