Corcentric Source-to-Pay vs ivoflow Spend Analytics
Corcentric Source-to-Pay
corcentric.com
ivoflow Spend Analytics
ivoflow.comSide by side
| Figure | Corcentric Source-to-Pay | ivoflow Spend Analytics |
|---|---|---|
| Price from | — | €59/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| Self-hosted | — | Yes |
| Plans published | 1 | 3 |
| Spec score · Spend Analysis Software | 7.4 (#13) | 8.3 (#2) |
| Founded | 1996 | ivoflow says it was founded in 2020. |
| Headquarters | Corcentric lists its address as 200 Lake Drive East, Suite 200, Cherry Hill, New Jersey 08002. | Koblenz, Germany |
| Integrations | Corcentric says its Core Framework is designed to integrate with ERP, finance, accounting, and other systems. | ivoflow says it can integrate with any ERP and names SAP, Infor, and Oracle among systems connected through its SAP-certified partners. |
| Intended users | Corcentric describes the platform as suitable for mid-market companies and global enterprises. | The maker describes the platform as tailored to manufacturing companies and says it was developed by procurement professionals for procurement professionals. |
| Purpose | The platform automates the source-to-pay process, from finding suppliers and managing contracts through procurement and payment. | ivoflow describes itself as a spend analytics platform for global manufacturing enterprises that provides visibility into strategic spend and identifies cost-saving opportunities. |
| Security | Corcentric says its production SaaS solutions have SOC 2 Type 2 certification and its HIPAA Compliance Program was examined by Schellman & Company. | ivoflow says it is ISO 27001 and ISO 9001 certified and that hosted data is encrypted and continuously monitored. |
| Support | Corcentric offers managed procurement support and expertise, as well as procurement consulting services. | After go-live, customer success includes quarterly meetings, individual training, customer-specific development, and regional support and consultancy. |
Plans
Corcentric Source-to-Pay
- Corcentric Source-to-PayPriced on request
ivoflow Spend Analytics
- User subscription€59 a month
- Onboarding fee€66,300, paid once
- Platform feePriced on request
In their own words
Corcentric Source-to-Pay
Corcentric Source-to-Pay is a web platform that automates work from supplier discovery and contracts through procurement and payment. Its modules cover sourcing, supplier management, contract lifecycle management, procurement, invoice management, financial management, and payments. Procurement workflows include consumer-like catalogs, requisitions, and purchase orders. Real-time data supports forecasting, category management, decisions, and spend analysis. The Supplier Portal lets suppliers turn purchase orders into e-invoices and check invoice status at any time. The Core Framework allows organizations to model workflows and switch functions or module access on or off for users. Corcentric says it is designed to connect with ERP, finance, accounting, and other systems. A Workato partnership adds pre-built, self-service, and customizable connectivity options; the first Workato-powered Microsoft Dynamics 365 Finance and Operations integration was being prepared for launch. The platform is aimed at mid-market companies and global enterprises. Pricing is on request.
ivoflow Spend Analytics
ivoflow Spend Analytics has no write-up on Specifiction yet; its figures are above.