New Corcentric® Intelligent Applications Enable Customers to Automate and Simplify Critical Business Processes
AI-powered Gopher™ Intelligent Assistant and Intelligent Accounts Payable (AP) Automation Drive Efficiencies and Lower Costs
CHERRY HILL, NJ, Feb. 21, 2023 — Corcentric, a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to small and mid-market enterprise companies, announced today the availability of its transformative Intelligent Applications solution. The applications are powered by an Artificial Intelligence (AI) platform designed to extend across Corcentric’s products, enabling finance and procurement leaders to automate and simplify critical business processes.
Gopher™ Intelligent Assistant is packaged with the Corcentric® Platform for new or existing customers, while Intelligent Accounts Payable (AP) Automation is available as an add-on capability with the Corcentric Platform and Cor360® products. The AI-powered technology, adding enhanced automation and collaboration to an already robust product line-up, provides businesses with new capabilities for their accounts payable and payments processes.
“Our focus continues to be on delivering innovative technology solutions and services that support our customer’s business, while giving them options that empower teams and streamline processes for better outcomes,” said Manish Jaiswal, chief product officer at Corcentric. “Corcentric’s AI powered technology adds new AP processing capabilities for our customers, reducing costs and driving growth, while allowing teams to work more efficiently than ever before. This platform is intended to serve as the foundation for future, ground-breaking innovations.”
Corcentric delivers scalable software solutions that solve key business problems and enable customers to make informed decisions quickly. With Intelligent Applications, customers can now transform outdated finance and procurement processes, realize near real-time data visibility, optimize processing time, and reduce labor costs. Clients can eliminate manual data entry and processing errors, while driving down operational costs to grow their business during challenging economic times.
Corcentric’s Intelligent Applications harnesses the power of AI, Natural Language Processing (NLP), and Machine Learning (ML) into powerful solutions that maximize procurement, accounting, and finance processes. Businesses across all industries can experience a simple and streamlined UX with automation and instant access to data through:
- Document Management: Unmatched document recognition and invoice splitting, invoice data extraction, and reduced processing time.
- Enhanced Communications: Conversational interactions, real-time access to data, and instant approvals to speed business processes and reduce customer training time.
- Seamless Integration: Access data, take actions, complete reviews, and collaborate across the organization, inside the software, or by using Microsoft Teams.
- More Information Collection: AI that quickly identifies and retrieves detailed information – down to line-item data– from critical documents that is typically too labor intensive to capture with traditional processes.
Corcentric’s AI platform, which continually learns from user behavior and enhances capabilities, will serve as the engine that will drive innovation for future product enhancements. The newly introduced Intelligent Applications built on the AI platform will be expanded to integrate seamlessly across a suite of products: Source-to-Pay, Order-to-Cash, and Payments, as well as all our Managed Services solutions. Using innovative technology, the burden of repetitive manual tasks is nearly eliminated, risk and errors are minimized, and leaders can have peace of mind from managing stressful business processes.
Recognized for its innovative software solutions and comprehensive Managed Services, Corcentric has supported businesses across the globe for more than two decades. Founded on the premise of enabling customers to reduce the cost of doing business so they can invest in sustainable growth, Corcentric continues to expand its portfolio of solutions and global presence.
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Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.