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

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.

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.

Contact:

Kate Freer

Director of Marketing

Corcentric

8300 Greensboro Drive, Suite 950

McLean, VA 22102

856.382.4713