Corcentric names former Intuit, AvidXchange exec as SVP and head of AP solutions

Corcentric, an accounts payable software provider based in Cherry Hill, on Monday said Tom Spencer was appointed as senior vice president and head of the accounts payable solutions sales division. A payments veteran, Spencer brings deep industry knowledge and experience to guide this critical area of the Corcentric sales team.

“Tom has a wealth of experience in and understanding of the AP and payments space and customer needs,” Fredrick “Fritz” Smith, chief revenue officer at Corcentric, said. “His track record of substantially growing revenue at multiple companies is second to none within the industry. We look forward to his leadership in guiding these vital areas of our Corcentric sales initiatives.”

Spencer’s experience includes senior leadership roles with Intuit and AvidXchange, the latter of which where he spent nine years leading substantial revenue growth.

“I’m thrilled to join Corcentric to help drive revenue growth to the next level for the organization,” Spencer said. “Success always comes from helping customers with their end-to-end business processes. Corcentric offers financial choice regarding timing of payments that enables customers to optimize their working capital and solve their strategic priorities.”