Reducing Costs while Promoting Sustainability

    WILLOW GROVE, PA, December 20, 2019 /24-7PressRelease/ -- The world-class Source-to-Pay team at Corcentric proudly accepts Supply and Demand Chain Executive (SDCE)'s 2019 Green Supply Chain Award. SDCE annually recognizes the forward-thinking organizations that are working to promote sustainable Supply Chain Management and make Procurement an asset to the triple bottom line. 2019 marks the eighth-consecutive year that the green Source-to-Pay experts have earned this recognition.

Providing their clients with real-time market intelligence, procurement best practices, and diverse category expertise, Corcentric's team has empowered countless clients to develop a greener approach to Supply Chain Management. Throughout the years, they have not only elevated the Procurement function, but helped drive the discussion around environmental responsibility. Past initiatives have seen Corcentric support a range of organizations in leveraging recycled materials and retooling their operations to "go green" without raising costs.

This year, SDCE recognizes Corcentric for a successful route optimization project. Facing stiff competition from industry giants, a specialty logistics provider approached the Source-to-Pay team to learn more about reducing costs and regaining its competitive advantage. It soon became clear that drawing new routes would provide for far more than cost reduction. It also empowered the organization to dramatically reduce its carbon footprint while better serving its customers.

"At Corcentric" says Joe Payne, Senior Vice President, Source-to-Pay, "we consider it our duty to help clients identify solutions and strategies that are not only cost effective, but responsible. Sometimes, this means working against the perception that the 'green' option is always more costly. We pride ourselves on changing clients' minds and enabling them to deliver on both cost reduction and sustainability objectives."

The conversation around sustainable Procurement and Supply Chain Management is not a new one. Recent years, however, have seen it grow louder and more pervasive than ever. Organizations across every industry now recognize that sustainability is an essential component of any effective business strategy. Corcentric looks forward to continuing this conversation with peers at events like ISM2020 and throughout future client engagements.

Corcentric is a leading provider of source-to-pay and order-to-cash solutions for businesses in the United States and Europe. Corcentric's procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. Corcentric was named a 2019 '50 Providers to Know' by Spend Matters and a leader in IDC Marketscape: Worldwide SaaS and Cloud-Enabled Automation in 2019. Since 1996, more than 6,000 customers from the middle market to the Fortune 1000 have used Corcentric to reduce costs and improve working capital. Learn more at corcentric.com.

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