CALGARY, ALBERTA, June 3, 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 announces the launch of its latest innovation designed to help customers efficiently review and approve service calls, field tickets and purchases from within their Cortex Workbench account.
Designed in close consultation with existing customers, Field Ticket Approval extends the functionality of the cloud-based Cortex Workbench application to deliver immediate value across the Cortex Trading Partner Network (“CTPN”).
Eliminates Manual Processes, Saving Time and Money
Traditionally, getting approval on field tickets required multiple attempts by Suppliers to find the appropriate approver. Field Ticket Approval eliminates the manual work required to chase down approvers resulting in time and cost savings to customers.
The Cortex Workbench application gives unparalleled visibility into the status of a field ticket, allowing the submitting Supplier the ability to monitor its progress, and action any delays immediately. This visibility and direct communication with other Trading Partners means faster processing and reduces the days sales outstanding for Suppliers.
Already Integrated Functionality
The strength of CTPN lies in its ability to integrate with any ticketing, workflow or ERP system and by delivering Field Ticket Approval through the Cortex Workbench application; customers avoid large costs associated with large scale software integration projects. Customers can enhance their existing
Workbench functionality to include Field Ticket Approval with no additional integrations required.
“Field Ticket Approval is a major step forward in the expansion of our product offering that continues the process of providing additional value to customers in our already robust trading partner network. The delivery of this new solution, on time and on budget, is a testament to our team’s commitment to building leading solutions within the Cortex Workbench. We are pleased to make additional integrated electronic documents available to our users.” said Owen Temple, Director of Product Development for Cortex. In addition to increasing the value to Cortex customers, this enhanced functionality provides greater value to partners of Cortex by offering services that fill specific needs and help to make complex field level purchase approvals easier.
“Our partners remain an important part of our ability to deliver value to our customers across any vertical,” said Joel Leetzow, CEO of Cortex. “With the additional functionality we have introduced today, we have strengthened the value we can bring to our partners by offering a wider breadth of complimentary services that ensure our joint customers receive the most comprehensive support possible.”
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 each 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.
Investor Relations Contacts:
|Joel Leetzow||Sandra Fawcett (formerly Weiler)||Andrew Stewart|
|President and CEO||CFO||Director, Marketing & Investor Relations|