Corcentric Announces Release of its COR360 Accounts Payable Automation Product

    CHERRY HILL, NJ, October 28, 2010 /24-7PressRelease/ -- Corcentric, a leading provider of accounts payable automation solutions, today announced the launch of its COR360 Accounts Payable Automation product which features leading-edge technology advancements that automate, streamline, and drastically reduce the costs associated with invoice processing. This offering will become part of the Corcentric suite of powerful accounts payable and accounts receivable solutions. Corcentric is headquartered in McLean, VA.

COR360 will feature automated three way matching using StraightThrough Processing technology, electronic invoice delivery via the Corcentric Supplier Network and ZeroTouch processing, which streamlines the invoice capture process by using technology to scan and capture invoice data down to the line item detail so that even paper-based invoices are electronic. Additionally, COR360's rules-based workflow automation technology will allow companies to simplify their AP process by setting up approval-based routing rules which will allow the system to smart route invoices directly to the appropriate approver. As with existing Corcentric products, invoices will be readily available on demand from any computer with Internet access and is fully-integrated with current ERP or AP business systems; maximizing the AP department's and current business processes value and investment.

"Adding capabilities that now exist in our COR360 platform integrated with our already strong e-invoicing network on the front end coupled with our ERP integration technology on the back end gives us a very strong value-added solution for our clients," stated Doug Clark, CEO.

"I'm very excited to have joined Corcentric to lead the product roadmap for the COR360 Accounts Payable Automation product. Having previously led the growth of a very similar AP technology platform, ASPEN 360, during my tenure at Archive Systems, COR360 is likewise positioned to be one of the leading SaaS solutions in the AP market," stated Rob DeVincent, Vice President of Product Marketing.

About Corcentric
Corcentric is a leader in providing accounts payable automation solutions that are powerful, yet easy-to-use; giving companies an easy-to-adopt conduit between AP/AR and suppliers with uncompromising functionality. Corcentric builds customized solutions that allow clients to electronically manage 100% of their invoices, resulting in increased revenues and reduced business costs. For more information about Corcentric, contact Dave Lindeen, Vice President, at (630) 925-7677, e-mail [email protected], or visit the Website at www.corcentric.com.

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