Corcentric Platform

Corcentric Platform (formerly Determine) is a provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management solutions. The Company's cloud platform provides procurement, sourcing, finance and legal professionals with the flexibility, agility, and scalability they need to optimize spend, supplier, contract and financial performance goals. It empowers users across the full source-to-pay continuum, including sourcing, supplier management, contract management and procure-to-pay applications, to deliver efficiency and data insight for their operational business processes, third-party relationships, and contractual obligations.

Employee Rating

2.8More
TypeSubsidiary
Parent CompanyCorcentric
HQCherry Hill, NJ, US
Founded1996
Websitedetermine.com
Cybersecurity ratingBMore
Corcentric Platform was founded in 1996 and is headquartered in Cherry Hill, NJ, US

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Key People/Management at Corcentric Platform

Matt Clark

Matt Clark

President, Chief Operating Officer
Douglas W. Clark

Douglas W. Clark

FOUNDER, CHIEF EXECUTIVE OFFICER, CHAIRMAN
Mark P. Joyce

Mark P. Joyce

EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER
Fritz Smith

Fritz Smith

CHIEF REVENUE OFFICER
Sunil Padiyar

Sunil Padiyar

CHIEF TECHNOLOGY OFFICER
Ed Benack

Ed Benack

CHIEF CUSTOMER OFFICER
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Corcentric Platform Office Locations

Corcentric Platform has offices in Cherry Hill, Broadview Heights, Carmel, Coral Springs and in 7 other locations
Cherry Hill, NJ, US (HQ)
200 Lake Dr E #200
Broadview Heights, OH, US
9150 S Hills Blvd #260
Carmel, IN, US
615 W Carmel Dr
Coral Springs, FL, US
12530 W Atlantic Blvd
Downers Grove, IL, US
2651 Warrenville Rd #560
McLean, VA, US
7927 Jones Branch Dr #3200
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Corcentric Platform Financials and Metrics

Summary Metrics

Founding Date

1996

Total Funding

$5.9 m
In total, Corcentric Platform had raised $5.9 m. Corcentric Platform is a subsidiary of Corcentric

Corcentric Platform Revenue

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Corcentric Platform's revenue was reported to be $28.12 m in FY, 2018
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

13.8m17.6m15.8m20.9m26.8m27.5m28.1m

Revenue growth, %

32%28%3%

Cost of goods sold

5.6m7.4m8.4m12.3m13.0m13.6m13.5m

Gross profit

8.2m10.1m7.4m8.6m13.8m13.8m14.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

3.8m3.5m3.3m4.2m4.7m4.5m4.4m3.0m3.8m5.2m6.2m6.8m7.1m6.5m6.6m6.9m7.0m6.9m7.5m6.0m5.7m5.9m

Cost of goods sold

1.3m1.5m1.3m1.6m1.8m2.0m1.9m694.0k2.3m3.5m2.9m3.3m3.4m3.1m3.4m3.5m3.3m3.5m3.3m3.4m3.0m3.0m

Gross profit

2.5m2.0m2.0m2.6m2.9m2.5m2.5m2.3m1.5m1.8m3.3m3.5m3.7m3.4m3.1m3.3m3.7m3.4m4.2m2.6m2.8m2.9m

Gross profit Margin, %

66%57%60%63%62%56%56%77%40%34%53%52%52%52%48%49%53%50%56%43%48%49%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

15.9m12.1m16.9m13.2m9.4m9.4m9.9m

Accounts Receivable

2.4m3.5m3.0m5.2m7.0m6.6m

Prepaid Expenses

531.0k853.0k689.0k1.6m1.6m1.5m

Current Assets

19.1m16.4m20.6m20.1m18.0m18.1m18.1m
USDQ1, 2012

Financial Leverage

1.9 x
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Corcentric Platform Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Corcentric Platform Online and Social Media Presence

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Corcentric Platform News and Updates

CDC Determines What Caused 647 Chipotle Customers to Get Sick

A total of 647 people got sick after eating at an Ohio Chipotle.

Branson Disaster Survivor Tia Coleman, Despite A Broken Heart And Empty House, Is Determined To Help Ban Death Trap Duck Boats

INDIANAPOLIS, Aug. 14, 2018 /PRNewswire/ -- Tia Coleman, who survived the July 19th Branson, Missouri duck boat disaster in which her husband Glenn, 40, and all three of her children – Arya, 1, Evan, 7, and Reece, 9 - drowned, is on a mission to help permanently ban the deadly amphibious...

Here Are 2 Tests to Determine Whether or Not Your Presentation Is Good

The two tests every good speaker can answer.

Five-Person Firm Giving $100,000 to Yet-to-be-Determined Charitable Organization

ATLANTA, Aug. 13, 2018 /PRNewswire/ -- A five-person personal injury law firm based in Atlanta, Georgia, Butler Tobin, is giving away $100,000. But they don't know where the money is going—yet. The firm's stated goal is to do "the greatest good for the greatest number." On its webpage...

LegalZoom Maximizes Contract Management Capabilities with Determine Cloud Platform

CARMEL, Ind., Aug. 08, 2018 (GLOBE NEWSWIRE) -- Determine, Inc. (NASDAQ: DTRM), the pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announced today that long-time customer LegalZoom is migrating to the Determine Cloud Platform…

This Word Search Test Will Determine Where You'll Live In The Future

Time for a fresh start! View Entire Post ›
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Corcentric Platform Blogs

Mastering a Complex Supplier Ecosystem in 2021

Supply chain vulnerabilities caused by the COVID-19 pandemic have made mastering complex supplier ecosystems a top priority in 2021.

Spend Analysis Do’s & Don’ts: A Beginner’s Guide

True insight into an organization’s spend is an essential factor in the ability for procurement professionals to see where opportunities exist to support developing a roadmap alongside the data. But building a robust spend analysis involves following certain steps and avoiding others. Corcentric’s h…

Crisis or No Crisis, You Have to Fix those Weak Links in Your Supply Chain

Disruptions seem to be coming at us at an ever-faster pace, from pandemics to natural disasters to regulatory changes to technological advances and more. Some, such as earthquakes and hurricanes, are regional in nature; others, like COVID-19, are global and affect literally every nation and every bu…

Why Spend Analysis?

A Conversation with Diego De La Garza, Senior Director of Global Services and Delivery at Corcentric Spend analysis is probably the closest thing procurement has to ‘an oldie but a goodie.’ It has been the basis of our sourcing and spend management activities for as long as most of us can remember. …

7 Steps and 7 Benefits of Procure-to-Pay

As we face a variety of unprecedented disruptions here and across the globe, businesses are looking for ways to not only withstand the crises, but also to prepare themselves to move forward once the crises pass. Many companies found themselves with a fully remote workforce with little time to prepar…

Working remotely or at home? You need online collaboration more than ever! Part 2 of 2

In Part 1 of this two-part blog, Sophie Pope, Director of Sales, UK and Nordics, Determine a Corcentric company, looked at how organizations can better position to improve business continuity and resilience, starting with the current state of collaboration between procurement and finance. Part 2 dig…
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Corcentric Platform Frequently Asked Questions

  • When was Corcentric Platform founded?

    Corcentric Platform was founded in 1996.

  • Who are Corcentric Platform key executives?

    Corcentric Platform's key executives are Matt Clark, Douglas W. Clark and Mark P. Joyce.

  • How many employees does Corcentric Platform have?

    Corcentric Platform has 131 employees.

  • What is Corcentric Platform revenue?

    Latest Corcentric Platform annual revenue is $28.1 m.

  • What is Corcentric Platform revenue per employee?

    Latest Corcentric Platform revenue per employee is $214.6 k.

  • Who are Corcentric Platform competitors?

    Competitors of Corcentric Platform include Icertis, Ivalua and Zycus.

  • Where is Corcentric Platform headquarters?

    Corcentric Platform headquarters is located at 200 Lake Dr E #200, Cherry Hill.

  • Where are Corcentric Platform offices?

    Corcentric Platform has offices in Cherry Hill, Broadview Heights, Carmel, Coral Springs and in 7 other locations.

  • How many offices does Corcentric Platform have?

    Corcentric Platform has 11 offices.