back Back

Corcentric unveils Accounts Receivable Management tool in France

By Gloria Methri

September 12, 2023

  • Accounts Payable
  • Accounts Receivable Management
  • AR Invoicing
Share

Corcentric, Managed Accounts Receivable, Managed AR Solution, Procurement and Finance solution, AR Invoicing, Accounts Payable, FinTech, FranceCorcentric, the US-based provider of procurement and finance solutions, has launched its Managed Accounts Receivable (AR) solution in France. The Managed AR solution provides technology, trade finance, and skilled people in a turnkey fashion to help customers reach a variety of company goals.

Corcentric’s Managed AR solution replaces bad debt, payment risks, high days sales outstanding (DSO), and overworked teams with business outcomes.

Corcentric supports customers with a combination of subject matter experts, financial services, and software that can liberate working capital trapped in an AR ledger – giving customers the cash and peace to grow their business. Currently, Corcentric has thousands of Managed AR customers in various regions around the globe.

“Accounts Receivable teams cannot afford to be bogged down by repetitive manual invoice deliveries and follow-ups, especially in today’s economy,” said Xavier Pierre-Bez, VP of Business & Operations, EMEA South, at Corcentric. “Corcentric’s Managed AR gives companies the freedom to drive strategic growth – eliminating issues that have long plagued AR departments, keeping teams focused on where they can provide the most value while improving the customer experience and collection speed. And with new e-invoicing regulations taking effect next year in France, Corcentric’s Managed AR services will play a critical role for companies doing business throughout the region and around the globe.”

With Corcentric’s Managed AR solution, customers can:

  • Simplify invoice delivery – one channel to Corcentric for all AR invoicing.
  • Immediately and permanently reduce DSO – customers pick when they want to get paid for every invoice and Corcentric will pay in full, guaranteed.
  • Eliminate collections risk – Corcentric pays all customer invoices on time, every time – no bad debt or credit risk.
  • Liberate working capital – the unlocked working capital in a customer’s AR ledger becomes cash on the balance sheet, ready to be used to improve liquidity and/or fund growth.

Corcentric’s unique combination of technology, payment capabilities, and Managed Services solves business problems across the entire spectrum of procurement, accounts payable (AP), AR, and treasury. The company manages these services and provides the technology needed to reduce expenses and optimize cash flow and working capital while delivering a measurable ROI.

Previous Article

September 12, 2023

GBST unveils Equate calculator suite for firms with customised data insights

Read More
Next Article

September 12, 2023

Ant Group launches Financial language model and 2 new apps

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Accounts Payable

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 20, 2024

GSB partners with cash deposit platform Flagstone International

Read More

June 20, 2024

Revolut partners GTN to bring bond trading to EEA customers

Read More

June 19, 2024

Aspen Digital gets approval for financial services operations in the Middle East

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023