LDSK Selects Corcentric's Managed Accounts Receivable Services to Spur Company Expansion

CHERRY HILL, N.J., June 3, 2024 – Corcentric, a leading global provider of best-in-class procurement and finance solutions, announced today that LDSK, a pioneer in intelligent adaptive out-of-home (OOH) advertising scheduling, has selected its Managed Accounts Receivable (AR) services to help the organization expand globally.

LDSK’s intelligent media scheduling platform offers businesses a streamlined approach to managing and optimizing their media networks. By automating processes, harnessing data insights, and prioritizing flexibility, LDSK helps companies increase efficiency, transparency, and profitability, extracting maximum value from their network.

“By leveraging Corcentric’s vast accounts receivable knowledge along with the latest technology available on their digital platform, we can focus upon expanding our media partnerships around the globe,” said Keni Bernardin, CEO at LDSK. “In addition to freeing up resources to focus on more strategic initiatives, Corcentric’s services will eliminate time-consuming paper transactions and realize efficiencies when it comes to working capital.”

Corcentric’s Managed AR solution replaces bad debt, payment risks, high days sales outstanding (DSO), and overworked teams with guaranteed business outcomes. Corcentric supports customers with a combination of subject matter experts, financial services, and software that liberates working capital trapped in an AR ledger – giving customers the cash and peace of mind needed to grow a business.

“When a company has a vision to expand their business, they need to be centered around the critical steps it takes to make that a reality and make every second count,” said Matt Clark, president and CEO at Corcentric. “Our platform provides total visibility into transactional functions and collections of AR, complete with fully funded and predictable payments that realize cash flow. This not only saves time and releases capital for LDSK but reduces redundancies and improves their supplier relationships with a single digital connection point.”