Procurement & Finance Solutions Provider Acquires Leading Strategic Sourcing Consulting Firm

Philadelphia, PA, May 15, 2018 --(PR.com)-- Corcentric, a top provider of automation solutions for Procurement and Finance, has acquired Source One Management Services, LLC, an industry-recognized strategic sourcing and procurement services provider.

Since 1996, Corcentric’s procurement, accounts payable, and accounts receivable solutions have empowered companies to spend smarter, optimize cash flow, and drive profitability. Corcentric has helped more than 6,000 customers from the middle market to the Fortune 1000 to unlock new potential within their enterprise.

“Since Source One’s inception, our mission has always been to be the best procurement services provider - delivering quality service above all else,” says Source One CEO Steven Belli. “Corcentric shares our commitment to innovation and our belief that strategic Procurement departments provide a true competitive advantage. We’re thrilled by this opportunity.”

With offices in Willow Grove, PA, and Chicago, IL, Source One adds a strong Fortune 1000 customer base within numerous industries, including pharmaceutical, finance, retail, higher education, manufacturing and more, to Corcentric’s roster of over 6,000 clients.

Corcentric’s acquisition of Source One expands its ability to share innovations with more customers across Finance and Procurement, providing increased visibility into spend and improved management of cash flow.

About Source One Management Services – A Corcentric Company

Source One Management Services is a premier procurement services provider and strategic sourcing consulting firm. Since 1992, our team of spend management experts has supported best-in-class organizations in optimizing their procurement and sourcing capabilities and achieving more value from their supplier relationships. We serve as an expansion of client’s existing teams, saving them time and resources by applying our experience, tools, cross-industry best practices, and customized solutions. To learn more about Source One, a Corcentric company, visit us online at: https://www.sourceoneinc.com/corcentric-acquires-source-one/corcentric-acquires-source-one.