Corcentric Implements COR360 Accounts Payable Automation Solution with Suburban Propane
COR360 provides Suburban Propane with the technology to cut costs and increase efficiencies in their accounts payable processes.
April 16, 2014, MCLEAN, VA — Corcentric, a leading provider of SaaS Accounts Payable automation solutions hosted in the cloud, today announced an agreement to implement its AP automation solution for Suburban Propane, a nationwide marketer and distributor of energy-related products, including propane, fuel oil, and refined fuels.
The integration of COR360 into Suburban Propane’s Accounts Payable processes will help the company bridge the last automation gap related to their non-PO based invoice workflow. As part of the solution, Suburban Propane will be using the COR360 platform to streamline the invoice approval workflow for faster processing and to reduce costs associated with manual processing. Additionally, with COR360’s automated processes in place, Suburban Propane 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 AP automation technology into our current processes, we will be able to increase visibility of our vendor invoices, ensure compliance of appropriate invoice approval levels and reduce processing costs. Corcentric’s customer 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 Helene Fischer, Assistant Vice President – Accounting Operations for Suburban Propane.
“Industry leading organizations are beginning to understand the full value of replacing their manual and paper-intensive AP processes with 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 result of implementing ZeroTouch, paper-free operations.”
About Suburban Propane
Suburban Propane Partners, L.P. is a publicly traded Master Limited Partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of more than 1.2 million residential, commercial, industrial and agricultural customers through more than 750 locations in 41 states.
SOURCE Suburban Propane Partners, L.P.
Corcentric, a wholly-owned subsidiary of AmeriQuest Business Services, LLC, provides cloud-based financial process automation solutions that have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s Accounts Payable and Accounts Receivable automation solutions enable organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions. For more information, visit corcentric.com.