Case Study: DOMITYS achieves full spend visibility and procurement automation with Corcentric

Domitys optimizes the entire procurement process through automation

DOMITYS, a leading French senior-residential services provider with more than 70 residences and about €350 million in annual revenue, was struggling to control rapidly growing purchasing volumes because its accounting system couldn’t monitor purchases, enforce procurement processes, or prevent budget overruns. To establish procurement processes, track financial results and control spend, DOMITYS selected Corcentric’s Cloud Platform as the vendor solution.

Corcentric implemented its Cloud Platform—including Supplier Information Management, Procurement, Invoice Management, Budget Management and Analytics—delivering fast deployment, autonomous configuration and broad user adoption. Corcentric’s solution automated the end-to-end procurement process and provided real-time visibility and control across ~60,000 purchases/year and €83,267,000 in procurement, enabling better supplier management, improved budget control for financial controllers, a streamlined accounting close with reduced processing time, and more time for operational teams to focus on core services.

DOMITYS

Laetitia Morice

Purchasing Director