Discover efficiency through standardization and automation.
Cortex provides a solution to streamline your invoicing process using your existing technology.
Our network provides vendors with a reference system to look up your specific invoice requirements. This Data Lookup system eliminates errors for quicker processing time. We also give you the option to reference Rate Schedules, Purchase Orders, and Field Tickets tied to the invoice, further improving accuracy and mitigating the challenges of working with approvers in different geographic areas.
E-invoicing automation allows you to do more with less. This increased efficiency allows you to maintain your A/P staff levels even as business increases. With Cortex, you pay a document transfer fee, which shifts your costs from fixed to variable, giving you the agility to manage the ebb and flow of your operations.
Because Cortex e-invoicing leads to significantly faster processing cycles, you can unlock potential early pay discounts where negotiated with your vendors. Suppliers are motivated to minimize Days Sales Outstanding, including an opportunity to save a percentage discount if the invoice is paid within a specific time frame from the date of issue. This can lead to significant savings for your company.
We specialize in the capture and exchange of all e-invoicing data, and we apply that expertise to the needs of our clients across many industry verticals. We standardize the data capture to accommodate your specific needs and procurement practices to help businesses with complex manual procurement processes in any industry to simplify and scale.
Centralized invoicing creates transparency for finance managers and executives. This knowledge of real-time accounting data allows you optimize working capital. Create as many logins as you need at no extra cost so that decision makers can review data; access your invoice data anywhere, anytime through the web-based portal; access standard or custom-built reporting to spot trends and opportunities.
Cortex acts as a translator between you and your vendors. We integrate with your existing ERP and/or Workflow, and translate invoice data from any recipient into your accounting system. Our Network is one interface that connects to anyone you transact with.
"Cortex has been a good partner for Hilcorp. They were especially helpful in completing changes to the Cortex system needed to accommodate our financial system's invoice rejection process. This created significant efficiencies for us and we continue to be pleased with Cortex e-invoicing."
Ann Kaesermann, VP-Controller, Hilcorp