Corcentric Implements COR360 Accounts Payable Automation Solution at WD-40 Company

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Corcentric Implements COR360 Accounts Payable
Automation Solution at WD-40 Company
(1888PressRelease) Corcentric to Provide WD-40
Company with COR360 Accounts Payable Automation
Solution. Corcentric, a leading provider of SaaS
Accounts Payable automation solutions hosted in
the cloud, today announced an agreement to
implement its AP automation solution to WD-40
Company, a global consumer products company and
maker of the trusted and versatile WD-40
Multi-Use Product. The integration of COR360
into WD-40 Company's Accounts Payable processes
will help them bridge the last automation gap
related to their non-PO based invoice workflow.
As part of the solution, WD-40 Company will be
using the COR360 platform to streamline the
invoice approval workflow for faster processing
and to reduce costs associated with manual
processing. According to a study by the Aberdeen
Group, organizations that automate these
processes can shave 30 off the cost of
processing and can decrease processing time from
17 days to less than five. Additionally, with
COR360's automated processes in place, WD-40
Company will be able to process a higher volume
of invoices and at a faster speed without adding
more staff. "We are excited to integrate the
COR360 Accounts Payable automation solution into
our current AP processes. By incorporating the
most advanced AP automation technology into our
current processes, we will be able to increase
visibility of our vendor invoices, force
compliance of appropriate invoice approval levels
and reduce processing costs a few of the many
rewards we will reap with the streamlined invoice
processing. Additionally, we were very impressed
with the customer support that Corcentric has
continued to provide. Their support allowed us to
quickly implement and start using COR360 for our
non-PO based invoice processes. Between signing
the contract and going live, we were able to
implement and go into production within two
months," stated Robert Ramirez, Accounts Payable
Lead, WD-40 Company. "Industry leading
organizations are beginning to understand the
full value of replacing their manual and
paper-intensive AP processes for streamlined,
automated solutions," stated Rob DeVincent, Vice
President of Product Marketing at Corcentric.
"Our clients understand that by adopting
SaaS-hosted AP automation tools, they stand to
not only save significant amounts of money, but
can also accelerate payment cycles, leverage
discount opportunities, and move their teams to
more strategic projects as a
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result of implementing ZeroTouch, paper-free
operations." About WD-40 Company
WD-40 Company, with headquarters in San Diego, is
a global consumer products company dedicated to
delivering unique, high-value and easy-to-use
solutions for a wide variety of maintenance needs
of "doer" and "on-the-job" users by leveraging
and building the brand fortress of the company.
The company markets multi-purpose maintenance
products - WD-40 multi-use product and,
3-IN-ONE, BLUE WORKS and WD-40 Specialist
product lines. The company also markets homecare
and cleaning brands X-14 mildew stain remover
and automatic toilet bowl cleaners, 2000 Flushes
automatic toilet bowl cleaners, Carpet Fresh and
No Vac rug and room deodorizers, Spot Shot
aerosol and liquid carpet stain removers, 1001
household cleaners and rug and room deodorizers,
and Lava and Solvol heavy-duty hand
cleaners. WD-40 Company markets its products in
more than 160 countries worldwide and recorded
sales of 336 million in fiscal year 2011. 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, VA with offices in
Cherry Hill, NJ Oakbrook Terrace, IL Coral
Springs, FL Norcross, GA and Fairfield 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. Source http//www.1888pressrelea
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