Accounts Payable Services & AP Automation Providers in Cherry Hill, NJ

Overview

Corcentric, Inc. is a Cherry Hill, New Jersey company that helps organizations control spending and speed up cash flow. Its website currently leads with two lines of business, fleet solutions and managed accounts receivable. Its main menu also includes a Source-to-Pay area with separate entries for Accounts Payable and Payments.

The pages reviewed for this listing concentrate mostly on fleet and receivables work. Buyers evaluating AP providers should therefore confirm the scope of the present payables offering directly with the company.

The payables side appears most concretely in the fleet procurement program. Fleets buying tires, parts and supplies through more than 130 pre-arranged supplier programs get invoicing routed through national accounts. Their supplier payments are combined into a single stream, and they receive help resolving billing disagreements with vendors.

For operators who work with many repair shops and parts sources, this setup can cut the volume of vendor invoices and payment runs an internal AP team handles. It also keeps pricing consistent from location to location.

Services and offerings

• Source-to-pay, accounts payable and payments (listed in site navigation)
• Managed accounts receivable focused on lowering DSO and improving collections
• Fleet procurement through a group purchasing organization
• Fleet financing, leasing guidance and lifecycle planning
• Fleet analytics through the Cafe platform
• Used truck remarketing and asset disposal

On the receivables side, Corcentric presents its managed AR service as a way for finance teams to convert outstanding invoices into working capital. The company says the service shortens days sales outstanding, limits credit exposure and expands collections capacity without additional staff. Together with its procurement and payment consolidation work, this gives finance leaders a single partner that touches both incoming and outgoing cash.

The fleet business is the most thoroughly documented part of the site. Corcentric cites more than 25 years working with fleets, a network of roughly 800,000 vehicles, about $1 billion in pooled spend, and over 2,000 fleet customers.

Its analytics product, Corcentric Analytics for Fleet Efficiency (Cafe), combines telematics, maintenance, fuel, corporate and financing data without asking clients to replace existing software. It bundles ten monitoring tools covering cost per mile, mileage against lease terms, truck-level profit and loss, and ideal replacement timing. Clients also meet with company specialists every quarter to plan.

The financing team applies a sweet spot model drawing on over 1,200 data points per truck to guide lease, buy and replacement decisions.

Industries and background

The company highlights work in transportation and logistics, automotive, manufacturing and industrial, construction and agriculture, and distribution and wholesale. Published customer examples include Stericycle, G&P Trucking, Peak Utility Services Group and a major bottled water producer. Members of its fleet financing sales leadership hold the Certified Treasury Professional (CTP) credential. Corcentric is headquartered in Cherry Hill, offers toll-free customer support, and maintains a French-language version of its website.