Core Insights - Amazon Business serves over 8 million organizations globally and generates more than $35 billion in annualized gross sales [1][2] - The platform operates in 11 countries and includes a diverse customer base, featuring hundreds of thousands of small businesses and major corporations such as 97 of the Fortune 100 [2][3] Product Offerings - Amazon Business has increased its product offerings by 25% compared to the previous year, with notable growth in categories such as industrial supplies, healthcare materials, and technology [4] - The selection of products from small business sellers has grown by nearly 80% [4] Innovations and Investments - Amazon has invested in delivery infrastructure, including delivery stations and sortation centers, to enhance delivery speed and reduce environmental impact [5] - New features introduced in the past year include the Business Prime Rewards program and a one-stop invoice payments solution in partnership with Melio [7] Historical Context - Amazon Business was launched in April 2015, aiming to replicate the consumer shopping experience on Amazon.com for business customers [6]

Core Insights - Corcentric has partnered with Amazon Business to provide customers access to a vast selection of products, enhancing procurement capabilities [1][3] - The collaboration aims to streamline purchasing processes for various organizations, including small businesses, schools, and government agencies [2][7] - The integration allows businesses to maintain compliance with purchasing policies while benefiting from bulk discounts and Amazon Business Prime [3][6] Company Overview - Corcentric is recognized as a leading global provider of procurement and finance solutions, offering technology and payment solutions alongside advisory services [8] - Amazon Business serves millions of customers globally, focusing on cost savings, productivity, and insightful purchasing analytics [7] Benefits of Integration - The partnership enhances spend governance through automated approvals and detailed invoicing, providing better control and visibility for procurement teams [4] - Businesses can achieve sustainability goals by utilizing features like Guided Buying and Buy Local to source eco-friendly products [5] - The collaboration is designed to simplify online procurement, offering flexible payment solutions and streamlined buying processes [6]