Determine, a Corcentric Company, Achieves Record Growth in 2019 and Announces Big Changes for 2020
Cherry Hill, NJ, February 11, 2020 – Determine, a Corcentric company, a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions looks back at the news that marked 2019 and announces many important changes for 2020.
2019 – A turning point in Determine’s history
2019 was marked by the acquisition of Determine by Corcentric, a fast-growing provider of procurement and financial process automation solutions. This acquisition allows Corcentric to become the only solution provider in the world with an end-to-end solution suite for both Source-to-Pay and Order-to-Cash delivered through consulting, technology, services, and an ability to optimize B2B payment flows.
Determine and Corcentric’s common strategy to put the customer first has proven to be successful for signing many new customers in 2019, including Invivo, Arkema, Inter Mutuelle Assistance, Maisons du Monde, and Sodebo.
Since the beginning of our collaboration with the Corcentric team, we have always shared a common goal to place our customer’s needs at the heart of our business, helping them unlock value and achieve transformational results to optimize their B2B activities,” commented Gérard Dahan, EMEA Senior Vice President for Corcentric.
As a result, Corcentric is proud to announce positive results with 40.6% growth in. In EMEA, Determine has announced several new hires to support this rapid growth: Marie Massard, French HR manager; Philippe de Grossouvre, EMEA Northern Europe Business Development Director; and many other recruits in R&D and Support; and Xavier Pierre-Bez, as EMEA Southern Europe Pre-Sales Expertise Director.
Determine was recognized in 2019 in multiple analyst reports, demonstrating the breadth of Determine’s Source-to-Pay capabilities in helping purchasing, finance, and legal organizations better manage upstream and downstream processes.
- Recognized as Strong Performer in The Forrester Wave™: Source-To-Contract Suites, Q4 2019 with the highest score possible for usability and above average score for implementation
- Recognized in multiple Spend Matters SolutionMap rankings as a Customer leader across Procure-Pay and Invoice-to-Pay
- Included in Forrester’s Now Tech: Spend Analytics Solutions, Q3 2019
- Included in Forrester’s Now Tech: eProcurement, Q4 2019
- Ranked as a Leader in 2019 ePayable Technology Advisor research report from Ardent Partners
- Named in the 2019 Gartner Magic Quadrant Procure-to-Pay Suites
A new decade comes with big changes: People, Product and Partners at the service of customers
With both organically built and acquired capabilities in 2019, Corcentric expanded its portfolio of technology and services to cover the full spectrum of Source-to-Pay and Order-to-Cash and deliver end-to-end solutions and value on both the buy and sell sides of any business-to-business transaction.
In 2020, we will follow this path, strengthening our presence in the US and EMEA with many more recruitments to come and a focus on more deeply integrating people, technology and services under a unified Corcentric brand to deliver maximum value to our customers,” said Gérard Dahan.
Led by Julien Nadaud, Senior Vice President of Innovation for Corcentric, a new Corcentric Business Innovation was launched in 2019 to produce cutting-edge technology in areas like AI (machine learning, deep learning, NLP), data analytics, and blockchain.
Corcentric will also expand its Global Alliance partner network in 2020 while strengthening the relationships already built with its current partners, like Axys Consulting, Xoomworks, e-Attestations, Per Angusta, Fluxym, Docusign, and many others.
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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.