Corporate expense and revenue management company Corcentric is growing its Global Alliance Partner Program, according to a Tuesday (April 6) press release.
The company provides a network of third-party offerings to customers through the program while it also lets strategic partners extend their businesses via the initiative.
Sean Regan, senior vice president of global alliances at Corcentric, said that the company was expanding the partner program with “additional headcount and a host of new partners to help us scale globally.”
“Whether in an advisory, consulting, technology or reseller capacity, we are actively recruiting new partners to collaborate in helping companies succeed in the transformation of their finance and procurement organizations,” Regan said in the release.
Corcentric’s Global Partner Program is further investing in its current collaborations and is developing new strategic relationships to connect large international businesses with offerings to satisfy procurement and finance requirements.
The company describes its partner program as a “flexible go-to-market partner model” that encompasses international and regional system integrations, among other types of partners.
Supplier.io, Sovos, Provigis, Per Angusta, Jackson Cross Partners, Fluxym, e-Attestations, Commerce Bank, Brightleaf and Axys Consultants are among Corcentric’s strategic partners.
“We’re excited to double down on our commitment to partnerships by continuing to invest in the success and growth of the program,” Corcentric Chief Revenue Officer Fredrick Smith said in the announcement.
The news comes as Corcentric has purchased Vendorin from Juvo Technologies for a purchase price of $100 million.
Bank of America Securities and Kirkland & Ellis advised Corcentric, while U.S. Bancorp Investments and Morrison & Foerster advised Vendorin.
Mississippi-based Vendorin is a business payments network that makes it easy for buyers to enroll and pay suppliers via any kind of payment, according to a previous announcement.
With the help of its special “Inroll” technology, Vendorin has been able to enroll many more suppliers than financial institutions or traditional virtual card providers, according to the announcement.
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