CHERRY HILL, N.J., May 8, 2024 (GLOBE NEWSWIRE) — Corcentric, the world's leading provider of best-in-class procurement and finance solutions, today announced that CTS Systems, a premier company, will provide Managed Accounts Receivable (AR). ) has announced that it will provide the service. A data management company in the travel management field.
CTS Systems integrates Corcentric's managed AR services into its existing platform to improve the accuracy and speed of fees and payments with integrated, digitized and secure invoice processing for travel agency and hotel business customers This allows us to provide a single-source solution for
said Carl Roberts, Founder and President of CTS Systems. “For more than 20 years, we have worked tirelessly to eliminate cost and friction for our customers, and we believe this new capability will transform the travel industry.” “Partnering with Corcentric With a like-minded business culture and mindset, Corcentric is able to leverage its existing platform to significantly improve the flow and speed of payments to hotels and commissions to booking agents. We are confident that we will provide the highest quality, customer-focused service that our clients have come to expect from CTS Systems.”
Corcentric's managed AR solutions replace bad debts, payment risk, high day sales outstanding (DSO), and overworked teams with guaranteed business outcomes. Corcentric supports customers with a combination of subject matter experts, financial services, and software that unlocks working capital locked up in AR ledgers, giving them the cash and peace of mind they need to grow their businesses.
“We often hear that people don't want hassle when it comes to travel; they want it to be convenient, easy, and fast,” said Matt Clark, president and CEO of Corcentric. Listen.'' “The same is true for companies operating within the corporate travel and reservations industry. At CTS, we have a long history of solving problems to do just that, and our managed AR We are proud to work with CTS on this latest venture to bring to businesses 'a platform that eases the burden of invoicing and payment processes for our clients. ”
About CTS system
CTS Systems provides a wide range of collection and reporting revenue solution management for the global travel industry. CTS Systems' services range from basic reporting to complete management of financial systems, from payment reconciliation for aging commissionable revenue to critical reporting for non-commissionable channels. With over 25 years of experience in this specialized field, CTS Systems has built close relationships with his over 5,000 hotels around the world, providing seamless service to his clients.
About Cocentric
Corcentric is a leading global provider of best-in-class procurement and finance solutions. We offer a unique combination of technology and payment solutions, complemented by robust advisory and managed services. Corcentric reduces stress and increases savings for procurement and finance business leaders by forming strategic partnerships to diagnose pain points and provide tailored solutions to unique challenges. . For over 20 years, we have been your trusted partner delivering proven results. For more information, please visit www.corcentric.com.
Corcentric Media Contact:
rob tacey
Director of Communications and Public Relations
Press@Corcentric.com
(302) 897-3094
