Cortex Unveils New Advances in Document Routing & Approval Technology with Intelligent Invoice Approval
October 22 2018 - 7:43PM
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.”
Cloud BasedWith 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 TechnologyThe 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 interfaceThe 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 functionalityThe
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
About Cortex
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
jleetzow@cortex.net
jbaird@cortex.net
403-219-2838
403-219-2838
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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