In a significant move to modernize its financial operations, CB (Groupement des Cartes Bancaires), the leading payment network in France, has selected Corcentric as its partner to fully digitize its Procure-to-Pay (P2P) process. This partnership is a cornerstone of CB's broader digital transformation strategy, aiming to enhance procurement practices, strengthen supplier management, and ensure compliance with France's upcoming electronic invoicing mandate, all while gaining rigorous control over budget management.
Quick Intel
France's CB payment network partners with Corcentric to digitize P2P.
The project will automate procurement workflows and implement real-time budget management.
A key driver is ensuring compliance with France's 2026 e-invoicing mandate.
The platform will streamline intellectual services procurement, a strategic focus for CB.
Features include automated three-way matching and advanced financial dashboards.
The goal is to position procurement as a strategic driver within the organization.
Driving Strategic Procurement and Operational Efficiency
The implementation of Corcentric's P2P platform will provide CB with complete functional coverage, from purchase requests to supplier payments. Key objectives include streamlining procurement through structured workflows, implementing accrual accounting, and centralizing the management of orders, receipts, and payments. The platform's automated three-way matching will significantly reduce manual tasks and reconciliation errors. Furthermore, CB will gain enhanced visibility into spending and performance through advanced financial dashboards, which is critical for optimizing the procurement of intellectual services—a key strategic area for the company.
“With Corcentric, we are taking a decisive step toward modernizing our processes,” says Samia Bellila, Chief Financial Officer for CB. “This project supports our goals for digitalization, procurement professionalization, and rigorous budget management. We were particularly impressed by the professionalism of the Corcentric team throughout the tender process."
Ensuring Compliance and Strengthening Supplier Relationships
A critical component of the project is the native integration of electronic invoicing, which will ensure CB's full compliance with France's 2026 regulatory mandate. The solution will standardize, monitor, and secure all invoicing flows, reducing administrative workload. The partnership also reinforces CB's commitment to responsible procurement by enabling a centralized supplier certification system, ensuring compliance, reliability, and security across its supply chain while strengthening collaboration with its partners. This strategic digitization positions CB's procurement function as a key driver of economic and operational efficiency.
Groupement des Cartes Bancaires CB was set up in 1984 to implement a universal and interoperable card and mobile payment system in France. It is the governing body of the CB system and the leading payment network in the country, with over 65% of household purchases paid for with a CB card or mobile phone. In 2024, there were 77 million cards in circulation and 14.5 billion transactions representing a volume of €700 billion.
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 a strategic partnership to diagnose pain points and deliver tailor-made solutions for their unique challenges.
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