CALGARY, ALBERTA – October 22, 2018 - Cortex Business Solutions Inc. (“Cortex”) (TSXV: CBX), a North American network-as-a-service complete document management & e-invoicing solutions provider, today announces the launch of a proprietary document workflow solution for the automatic routing and approval of procure-to-pay business documents. This expanded service solidifies Cortex’s expansion into a full-service AP and AR automation solutions provider.
The new “Intelligent Invoice Approval” (IIA) product offering complements Cortex’s existing e-invoicing platform to move documents seamlessly through the routing and approval phase using a multi-level approval method for the decision of processing and uploading documents into the ERP system. This solution is the next step in the paperless exchange of business documents, enhancing electronic invoicing by enabling the automatic routing of documents for review and approval from vendors directly into a Buyer’s accounting system. This service is customizable from an entry-level approval module to a full enterprise-class solution based on the client’s business needs and features the latest advances in cloud-based mobile-optimized technology for an unprecedented user experience.
Combined with the previous announcement of the acquisition of Powervision, a leading Canadian provider of document workflow and management services, the launch of IIA positions Cortex to offer a comprehensive solution and launches the company to the forefront of e-invoicing and workflow providers. “This expanded competitive offering within the financial supply chain confirms Cortex’s growth strategy and commitment to adding value for stakeholders, furthering the company’s vision to become a single, trusted partner for all our clients’ digital transformation needs” said Joel Leetzow, President and CEO of Cortex. “This new service offering will continue to raise customer expectations of the level of technology and service they should expect from technology providers. They asked for more, and Cortex delivered.”
With this new cloud based application customers no longer have to worry about the infrastructure to support the application. Cortex manages the system performance, back-ups, availability, and any system changes or upgrades, allowing customers more time to focus on business goals.
Mobile Optimized Technology
The application uses responsive browser technology to scale for easy use on any device from desktop to mobile. This provides the freedom to process documents anywhere at any time.
Streamlined, Intuitive user interface
The user interface has been designed with a focus on efficiency by minimizing the number clicks required to perform each function, enabling a quick and fluid user experience.
User-based administrative functionality
The cloud based format of this solution puts the tools in users hands to self-administer the application, enabling the flexibility to create or change document flows to meet evolving business needs. The application is backed by our world-class, people-powered customer support.
Learn more about Intelligent Invoice Approval by visiting www.cortex.net/document-workflow
Cortex is a service-centric, digital transformation services provider focused on revolutionizing B2B document exchange. We help businesses save time and money by replacing traditional paper-based manual systems with AP and AR invoice automation. Companies on the Cortex Network are positioned for success with solutions that offer the scalability and flexibility needed to evolve with their unique business needs. Cortex specializes in the development and delivery of integrated electronic document intake and management solutions using flexible connection methods that leverage existing technologies and processes.
Cortex is currently enabling digital transformation in over 11,000 companies in the Oil & Gas, Mining, Manufacturing and Sports & Entertainment industries.
For more information, please visit www.cortex.net.
Investor Relations Contacts:
|Joel Leetzow||Jason Baird|
|President and CEO||VP, Finance & CFO|
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