Corcentric relocates HQ to Cherry Hill to accommodate rapid growth

Corcentric, a provider of procurement and financial process automation solutions, announced it has relocated its headquarters to Cherry Hill.

The new space is located at 200 Lake Drive East in the Woodland Falls Corporate Park.

“For more than two decades, New Jersey has been our home and we’re committed to continuing to grow in this state,” Matt Clark, president and chief operating officer at Corcentric, said. “As more and more companies realize the efficiency and productivity gains enabled by modernizing their procurement and finance functions – and the cost-savings and better supplier relationships that go along with it – we expect the momentum we experienced last year to continue throughout 2019.”

The company moved, it said, to accommodate rapid growth, including its acquisition of Source One Management Services and Determine Inc. It also said its current client base now exceeds 6,000 companies with revenues around $103 million for 2018.