End-to-End Spend Management

Manage spend from demand through payment with Corcentric technology, managed services, and procurement expertise

Corcentric’s comprehensive approach to end-to-end spend management empowers your team to drive business outcomes

Managing and optimizing corporate spend means keeping dozens of plates in the air. From analyzing historical purchases to assessing risk factors to encouraging continuous improvement, it’s a lot for even the most mature organizations to handle. That’s why the market is flooded with so-called solutions. Technologies, consulting firms, GPOs, they all address some of the problem.

Corcentric is the only provider capable of addressing spend management holistically. Unlike competitors, they offer a true end-to-end solution. From demand through payment, their team of tech-enabled end-to-end spend management experts support organizations in driving their business outcomes and making procurement a valued asset within the organization.

Why choose End-to-End Spend Management from Corcentric?

• Impact the bottom line: For procurement to gain a seat at the executive table, the function has to prove it’s capable of driving consistent EPS and EBITDA growth. From day one, Corcentric assists procurement teams in identifying savings opportunities and acting upon them.
• Mitigate risk: The list of potential hazards facing your business grows every day. Without sacrificing savings and efficiency, Corcentric’s End-to-End Spend Management solution provides the means to assess the market, identify risk factors, and develop plans for navigating around them well into the future.
• Focus on what matters: Procurement shouldn’t have to spend hours of every day bogged down in paper-based processes. They should enjoy the opportunity to carry out high-value, strategic work that directly serves business objectives. By automating and optimizing processes throughout the sourcing cycle, Corcentric’s end-to-end spend managers empower businesses to see the big picture and evolve their approach to procurement.

Typically, outsourcing spend management from end-to-end would mean engaging a number of providers and establishing independent relationships. Stitching together relationships with multiple consulting firms, solution providers, BPOs, and GPOs is inefficient. In many instances, it makes it impossible for procurement to gain visibility into its operations and establish a culture of continuous improvement. Corcentric’s end-to-end approach simplifies things and makes it easy for companies like yours to do more with less.

Your one-stop shop for spend management

• Sourcing expertise: Whatever your industry, Corcentric’s team has the experience and know-how necessary to drive consistent value and optimize your approach to key spend categories. Offering spend analysis, category management, execution support, and more, they’ll help fine-tune each stage in the sourcing cycle. With access to Corcentric’s GPO programs, they can even provide pre-negotiated contracts in dozens of essential categories
• Advisory services: Corcentric’s end-to-end spend management team has empowered organizations from the mid-market to the Fortune 500 to refine their approach with expert advisory services. Offering support in areas like technology selection and staffing and recruiting, they make it easy to prepare procurement for its next strategic era. Whether you’re in search of a one-off process improvement or a holistic procurement transformation, they’re here to help.
• Technology: In addition to technology selection and implementation services, Corcentric offers procurement technology of its own. Their world-class solutions can not only free finance and AP from the burden of paper-bound process, but also optimize the procurement process from source-to-pay. Better still, they offer the support necessary to ensure your technology quickly produces its intended ROI.
• Managed Services: Procurement’s work isn’t over when the contract is in place. Corcentric’s managed service providers offer long-term, hands-on support to ensure supplier relationships remain valuable, processes stay efficient, and the entire workforce commits itself to continuous evolution.

Whether you’re struggling with a totally immature Procurement department, lack expertise in key categories, or need a technology solution to tie things together, Corcentric’s approach to end-to-end spend management is the service model you’re looking for. Capable of managing everything from neglected ‘tail spend’ to entire corporate spend profiles, the procurement professionals at Corcentric have what it takes to help you realize the power of a fully-transformed, fully-strategic procurement function.

Reach out today and get your spend under management.