Cortex Partners With Perfect Commerce to Offer Enhanced Supplier Network Value
CALGARY, ALBERTA -- (Marketwired) -- 04/29/13 -- Cortex Business
Solutions (TSX VENTURE:CBX) has partnered with Perfect Commerce to
increase the reach and value of their respective customer networks to
broaden the breadth of offerings.
Cortex, a Calgary based company with offices in Houston, Denver and
Toronto, provides Companies with an industry leading eInvoicing
platform, simple supplier on-boarding process and best-in-class
post-implementation support. Cortex is a leader in the provision of
einvoicing and ebilling services and tools that facilitate invoice
Perfect Commerce, based in Newport News, VA, is a leading provider of
end-to-end procurement solutions over their 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 new strategic partnership will provide Cortex and Perfect
Commerce customers with access to the two complementary trading
networks and platforms, a broader range of best in class
functionality, and tools that increase AP efficiency and the
elimination of paper invoices.
Under this agreement, Perfect Commerce will interface to Cortex's
network and platform in order to offer enhanced invoicing
capabilities, especially associated with complex services. Cortex
will connect their network of over 9,000 suppliers, through the
Cortex Trading Partner Network (CTPN) to the unique suite of Perfect
Commerce's first-class end-to-end procurement solutions.
By moving forward with this partnership, both Cortex and Perfect
Commerce are able to create greater value for their existing
customers by increasing the strength of their respective networks and
providing customers with access to thousands of new potential
partners. In addition, the complementary services allow increased
functionality to be offered by each company to existing and new
Those companies already on each network will benefit from the ability
to connect with more partner businesses than ever before, allowing
them to grow their businesses through trusted networks.
"Cortex is pleased to partner with Perfect Commerce as we continue
the process of delivering value for our Trading Network" said Mike
Rose, Vice President of Business Development. "Cortex's leading
electronic invoicing platform combined with Perfect's best-in-class
Procurement solutions will provide new and existing customer's
expanded end-to-end Procure-to-Pay capability".
"Perfect Commerce is working aggressively to find and work with
partners that add value to our existing customers and extend our
reach to new geographies and industries." said Michael Ereli, Vice
President of Alliances and Partners. "We are excited to work with
Cortex, who will be a valuable partner, especially in the energy
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. www.cortex.net.
About Perfect Commerce
Headquartered in Newport News, VA, Perfect is the world's largest
independent provider of end-to-end spend management solutions. We
have provided world-class sourcing and procurement solutions for
companies of all sizes since our inception in 1994, and have
continued to be one of the market's leading providers with
industry-leading customers such as Starbucks, BNP Paribas, Johnson
Controls, Inc., YRC Worldwide and Honeywell, Inc. www.perfect.com.
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed under the heading "Risk Factors" and elsewhere in
the Company's periodic filings with Canadian securities regulators.
Such information contained herein represents management's best
judgment as of the date hereof based on information currently
available. The Company does not assume the obligation to update any
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
Cortex Business Solutions Inc.
3404 25th Street NE
Calgary, AB T1Y-6C1
One Compass Way, Suite 120
Newport News, VA 23606
Press spacebar to pause and continue. Press esc to stop.