Carrolton Facility Management Achieves Efficiencies with Corcentric’s Managed Accounts Payable and Payments Solutions

CHERRY HILL, N.J., Feb. 27, 2024 – Corcentric, a leading global provider of best-in-class procurement and finance solutions, announced today that Carrolton Facility Management, a customer in the healthcare space, has seen substantial business benefits after the deployment of Corcentric’s Managed Accounts Payable (AP) and Managed Payments solutions. 

“From our accounting staff to our administrators to our facilities management personnel, the implementation of Corcentric’s digital payments services has freed up invaluable time for us to focus on our mission – providing the best and most compassionate services to our residents and their families,” said Lucas Bayless, chief financial officer at Carrolton Facility Management and HealthView Capital Partners. “As a company that has more than doubled in size in recent years, having our caregivers and employees spending more time with residents working on individualized care plans makes all the difference in the world.” 

The growing skilled nursing network has expanded throughout North Carolina in recent years and now manages six leading centers throughout the state. The organization provides high quality long-term care services in a home-like environment for the residents and families they serve. 

“We are thrilled to have Carrolton Facilities Management adopt our platform that enables them to streamline time-consuming back-office functions,” said Matt Clark, president and chief executive officer at Corcentric. “Providing such important health services to residents is critical for the communities they serve, and we are proud to partner with them on their continued growth trajectory and mission success.” 

Corcentric offers a full suite of Managed AP solutions that combine service, technology, and financing to work as an extension of a customer’s back-office, optimizing end-to-end workflows. From invoice receipt to approval routing to purchase order (PO) and receipt of goods matching, Corcentric helps customers reduce costs, increase accuracy, and offer real-time visibility into invoice and expense status. This eliminates friction across Procurement, AP, and Treasury departments within an organization and breaks through the barriers at the AP and Accounts Receivable (AR) boundary between companies and suppliers. 

Corcentric’s Managed Payments solutions eliminate friction in the payment process by optimizing programs through platform innovation, personalized support, and continuous process refinement. This combination of business payment services is key to unlocking cash flow. The benefits go way beyond the finance department, including stronger supplier and customer relationships, the elimination of fraudulent payments, and increased overall organizational efficiency.