Corcentric Acquires Source One

Willow Grove, PA, May 14, 2018 – Corcentric, an industry-recognized provider of Procurement and Finance automation solutions, has acquired Source One Management Services. By aligning with the leading Procurement and Strategic Sourcing consultancy, Corcentric extends its Procurement services offering and further enables its client base to transform the way they purchase, pay, and get paid.

Founded in 1996, Corcentric has helped thousands of companies from the middle market to the Fortune 1000 unlock new potential within their enterprise. Offering procurement, accounts payable, and account receivable solutions, Corcentric empowers companies to spend smarter, optimize cash flow, and drive profitability. With offices in the Philadelphia and Chicago area, Source One adds a strong Fortune 1000 customer base within a wide range of industries, including Retail, Food & Beverage, Manufacturing, Finance and more to Corcentric’s roster of over 6,000 clients.

“From our start in 1992, Source One’s mission has always been to be the best procurement services provider. Our focus on delivering top quality services has guided our procurement services portfolio and our team of experts,” shares Source One CEO Steven Belli. “Corcentric shares our commitment to quality and innovation and our belief that Procurement departments have the potential to provide a true competitive advantage. We’re thrilled by this opportunity and look forward to this new chapter.”

Corcentric’s acquisition of Source One expands its ability to share spend management innovations with more customers across finance and procurement, delivering enhanced spend visibility and improved cash flow management.