CALGARY, ALBERTA, June 16, 2015 – Cortex Business Solutions Inc. (TSXV: CBX), the pioneering online network that helps companies connect and interact with each other to transmit documents and grow their businesses, today announced the renewal of a partnership agreement with Perfect Commerce for the purpose of increasing the reach and value of their respective customer networks.
Perfect Commerce, based in Newport News, VA, is a leading provider of end-to-end procurement solutions over their Open Supplier Network of 500,000 Suppliers in the US and around the world. Their expertise in providing seamless integrations with ERP back-office systems has made them a preferred choice among Fortune 500 companies.
This strategic partnership will continue to provide Cortex and Perfect Commerce customers with access to each company’s complementary trading networks and platforms, delivering a broader range of bestin-class functionality, and tools that increase AP and AR efficiencies and helps with the elimination of incoming and outgoing paper invoices.
“Perfect Commerce is proud to renew our engagement with Cortex to provide extended e-billing capabilities to the Open Supplier Network.” says Jason Vincelette, VP of Product Management. “The strategic partnership will continue to provide e-billing options that allow Suppliers to bill for products and services they may have not been able to do with other providers.”
This renewed strategic partnership provides Cortex and Perfect Commerce with opportunities to capture business in new verticals that are adjacent to their traditional verticals, and provides customers with a complete accounts payable/accounts receivable solution.
“Cortex is excited to align its e-billing solution within the Cortex Workbench alongside Perfect Commerce’s e-procurement offering customers a complete solution focused on saving them time and money. The partnership provides Cortex with a deeper reach with its e-billing solution, while reciprocally; we believe that the Perfect Commerce solution is a great offering for many of our customers looking for enhanced e-procurement functionality” said Joel Leetzow, CEO of Cortex.
About Cortex Business Solutions
Cortex Business Solutions Inc. is an Enterprise eProcurement solutions company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Network enhances the exchange of business critical documents, such as purchase orders, receipts and invoices resulting in improved cash flow management and business controls, while reducing day's outstanding and administrative costs. Cortex is a low cost, low risk solution that can be implemented quickly by leveraging clients’ existing business environment.
About Perfect Commerce
Perfect Commerce provides procurement, sourcing, and supplier network software and services to the enterprise and public market sectors. Offering Software as a Service procurement solutions, they also serve as a Procurement Service Provider and virtual distributor of engineered equipment, capital equipment, technical service, and maintenance, repair and operations products. Perfect Commerce supplies a full suite of procurement software and service to optimize transaction efficiency between buyers and sellers. www.perfect.com
Perfect Commerce Contacts:
VP, Marketing & Product Management
Investor Relations Contacts:
|Joel Leetzow||Sandra Fawcett (formerly Weiler)||Andrew Stewart|
|President and CEO||CFO||Director, Marketing & Investor Relations|