Corcentric’s Intelligent Transaction Management software facilitates buying and selling through a central transaction hub. The company’s Intelligent Trading Engine technology translates EDI, XML and other document formats so companies using different formats can complete transactions through a single connection.
Corcentric provides its solutions as an ASP (Application Service Provider) to groups of independent companies and large buying groups primarily in the automotive and heavy-duty truck industries. More than 600 companies use Corcentric services. More than $105 million in purchases have been processed to date, at a growing rate of over 40,000 transactions per month.
Among Corcentric’s customers are Federal Mogul, Bandag, Bridgestone/Firestone, Citgo, Continental General Tire, Freightliner, American Freightways and Schneider.