Corcentric to Release COR360 Version 10.2.0, Featuring New Accounts Payable Management Dashboard

Corcentric's COR360 10.2.0 Product Update to Include Accounts Payable Management Dashboard, Allowing Users to Quickly and Easily Take a Deeper Look into their Accounts Payable Processes in Real Time. End Quote

(1888PressRelease) December 14, 2011 - Corcentric, a leading provider of Accounts Payable automation solutions, today announced an exciting update to its COR360 Accounts Payable automation platform, set for release in spring 2012. Along with COR360's current Supervisor Dashboard, Version 10.2.0 will feature a new Accounts Payable Management Dashboard, which will give AP management the tools to keep their fingers on the pulse of their Accounts Payable processes, evaluate trends over time, and effectively monitor their AP automation through key performance indicators (KPIs).

The AP Management Dashboard will be packed with drill-down reports, allowing AP management to view KPIs such as days payable outstanding (DPO), invoice processing efficiency by period, and invoices processed by type. The AP Management Dashboard will provide a snapshot of how invoices are received from suppliers both electronically and paper-based, as well as provide supplier management analysis in terms of top spend and invoice volume levels by period. Additionally, companies taking advantage of COR360's Straight Through Processing (STP) technology to process invoices without human intervention will be able to monitor STP efficiency through tracking of their STP rate over time. Moreover, each Dashboard report enables users to view metrics by day, week, month, year, or through a user-determined span of time.

As with all COR360 product releases, Version 10.2.0 will be available to all new and existing clients upon release through our multi tenant SaaS architecture.

About Corcentric

Corcentric is a leader in financial process automation, specializing in Accounts Payable automation, PO requisitioning and imaging, and workflow solutions. By creating a paperless conduit between procurement, Accounts Payable, Accounts Receivable, and suppliers, Corcentric allows companies to immediately manage 100% of their invoices electronically. Our cloud-based (SaaS) architecture allows for solutions to be configured in days rather than months for rapid return on investment.

Corcentric was founded in 1998 and is headquartered in McLean, Virginia with offices in Cherry Hill, NJ; Oakbrook Terrace, IL; Coral Springs, FL; and Saddle Brook, NJ. More than 3,000 companies rely on Corcentric to streamline their invoicing and payment processes to gain controls and efficiency while optimizing working capital.

For more information on Corcentric, call 888.525.7677 or visit corcentric.com.

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