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Apollo Tires Implements Corcentric’s Managed Accounts Receivable Services for US Business Growth

Jul 24, 2024

Contract Type

partnership

GurgaonManufacturingAutomotiveMachinery Manufacturing

Description

Corcentric, a leading global provider of procurement and finance solutions, announced the implementation of its Managed Accounts Receivable (AR) services by Apollo Tires (US) Inc. to drive business growth in the U.S. market. The new partnership aims to simplify guaranteed payments, ensure tax accuracy, and improve supplier relationships, enhancing working capital and enabling international expansion.

Quick answer

Apollo Tires Implements Corcentric’s Managed Accounts Receivable Services for US Business Growth (July 24, 2024). Apollo Tyres is based in Gurgaon, Haryana, India.

What agreement did Apollo Tyres announce on July 24, 2024?
Corcentric, a leading global provider of procurement and finance solutions, announced the implementation of its Managed Accounts Receivable (AR) services by Apollo Tires (US) Inc. to drive business growth in the U.S. market. The new partnership aims to simplify guaranteed payments, ensure tax accuracy, and improve supplier relationships, enhancing working capital and enabling international expansion.
What does Apollo Tyres do?
Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, India, is in the business of manufacture and sale of tyres since its inception in 1972.
Where is Apollo Tyres based?
Apollo Tyres is based in Gurgaon, Haryana, India.

Source: Fundz verified event record.

Company Information

Company

Apollo Tyres

Location

Gurgaon, Haryana, India

About

Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, India, is in the business of manufacture and sale of tyres since its inception in 1972. Over the years, the company has grown manifold, establishing its footprint across the globe. The company has manufacturing presence in Asia and Europe with 7 modern tyre facilities and exports to over 100 countries. Powered by its key brands — Apollo and Vredestein, the company offers a comprehensive product portfolio spread across passenger car, light truck, truck-bus, off highway and two-wheeler tyres, retreading material and retreaded tyres.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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