Meineke Dealers Purchasing Co-op Inc. (MDPCI) has presented its Vendor Appreciation Award to Corcentric, a provider of business spend management and revenue management solutions and services.

Meineke also relies on Corcentric’s Managed AR solution, providing technology, guaranteed payment to vendors and managed services for their franchise members. The technology includes a centralized billing platform, and analytics and insights to help MDPCI members grow while reducing costs.

With Corcentric’s risk-free guaranteed payments, vendors can bill Corcentric directly for purchases rather than sending separate bills to each franchise location. Corcentric guarantees the payment to the vendor then handles all the payables and collections with the franchisee which eliminates administrative costs.

Corcentric’s Managed Services program assists Meineke with onboarding its franchises, facilitating dispute resolution, and providing training and technology support.

These programs have helped to enhance Meineke’s relationships with its oil, tire and auto repair parts vendors.