Corcentric to Provide their Buying Group Solution for the Automotive Distribution Network

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Corcentric to Provide their Buying Group Solution
for the Automotive Distribution Network
(1888PressRelease) Corcentric's OneConnect
Solution to Seamlessly Integrate Member and
Supplier Order Management Processes. Corcentric,
a leading provider of cloud-based technology
solutions for the automotive industry, today
announced they have signed an agreement with The
Automotive Distribution Network to utilize the
Corcentric solution to bring a single connection
point to their member and supplier order
management processes. "We looked long and hard at
our options for EDI services and are very pleased
with what we found in Corcentric. They understand
the challenges faced by program distribution
groups and provide a solution that answers them,"
stated Tom Frey, Vice President of IT for The
Network. Corcentric will provide a solution that
will significantly reduce the cost of order
processing for The Network member distributors
and approved suppliers. Through Corcentric
OneConnect, The Network members will be linked
via a single connection to their suppliers for
seamless invoice processing and receipt with
their business systems which digest Electronic
Data Interchange (EDI). Additionally, for those
members without EDI capable systems Corcentric
will provide a Web portal to electronically
manage POs, receipt acknowledgements, advance
ship notices, and electronic invoices. More than
80 of The Network's order volume will flow
through the system within the first year. "We
are excited to work with the Automotive
Distribution Network to provide a seamless
transaction solution to their members and
suppliers. In addition to a single connection
point, The Network members and suppliers will
also benefit from centralized special ordering
and an automated rebate management solution
further reducing costs to members and suppliers,"
stated Dave Lindeen, Vice President, Corcentric.
About The Automotive Distribution
Network Operating under the brands of Parts Plus,
IAPA, Auto Star, Auto Pride, CMB and Network
Products, the Automotive Distribution Network is
one of the largest, most diverse program groups
in the industry. For more information, contact
Bob Barstow at Network Headquarters, 3085
Fountainside Drive, Suite 210, Germantown, Tenn.,
38138. 901.682.9090.
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About Corcentric Corcentric is a leader in
financial process automation, specializing in
Electronic Data Interchange (EDI) invoicing
solutions for the automotive industry. 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 about Corcentric, please call
888.525.7677 or visit corcentric.com. Source htt
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