Press Release

New Corcentric Partnership Gives Buying Power to Trailways Carriers

Corcentric creates new program giving Trailways network members access to major suppliers and competitive pricing through AmeriQuest Group Purchasing program.

January 15, 2015, MCLEAN, VA — Corcentric, a leading provider of cloud-based technology and financial process automation solutions, today announced they have signed a partnership with Trailways Transportation System, Inc., to create a private group purchasing program, utilizing Corcentric’s CorConnect technology, that allows Trailways members to purchase products and services from more than fifty National Accounts programs through the AmeriQuest Business Services procurement program.

Corcentric will handle all transactions through CorConnect, a centralized billing portal that includes e-invoicing, reporting, and line item analytics. This will give members visibility across multiple locations to verify contract pricing. As transactions flow through the Corcentric portal, Trailways members will only need to write one check for all purchases made within a set time.

“We know this will be a great program for our network of stockholders,” stated Ron Moore, owner of Burlington Trailways and Chairman of Trailways. “Gaining access to so many important suppliers and getting prices consistent with those of our biggest competitors is going to be a game-changer. Plus, the centralized billing portal will simplify all transactions for our busy members and give them the visibility they need to grow their own businesses.”

“Trailways members will benefit not only from AmeriQuest’s group purchasing opportunities but will also be able to leverage Corcentric’s proprietary centralized billing technology,” says Dave Lindeen, Senior Vice President of Sales for Corcentric. “Members will free themselves from the inefficiencies and costs of manual, paper-based processes, while gaining access to our robust analytics and reporting capabilities.”

About Corcentric

Corcentric, a wholly-owned subsidiary of AmeriQuest Business Services, Inc., 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.

About Trailways

The Trailways Transportation System (Trailways), founded in 1936, is comprised of 74 independently owned/operated motorcoach companies in North America and Europe. Each company adheres to the highest safety standards as required by the United States Department of Defense (USDOD) or its country’s equivalent. For more information, contact Trailways Corporate Office 703-691-3052 or email: Bustrails@trailways.com; or visit: www.trailways.com.