increase the velocity of your businessclub/cortex+-+investor... · the difference of the cortex...

Increase the velocity of your business

Who is cortex?

Cortex – by the numbers

60%CANADA

w w w . c o r t e x . n e t I N F O @ c o r t e x . n e t

40%USA 10,000+ Registered organizations on the Network

10,000,000+ Processed transactions annually

5,400,000,000+ Annual transaction value processed

1 Only network of its kind

84% Customer support satisfaction rating

93% Customer survey satisfaction rating

Cortex customer

Both are intertwined with each other

Any customer could be using both types of Cortex’s core service

All companies have them to varying degrees


SuppliersBuyers

Customer

Portals vs. supplier networks

Imagine if…

You had to manage hundreds of complex requirements

You had to log into 5, or 10, or 30 different banking portals

You had to deal with multiple different support teams


Everybody else

the difference of the cortex networkCortex network


Private web-based application

“Rip and replace” composite solution

“One to one” model

Expensive, one-off integration requirements

Limited communication between buyers and suppliers

Non-collaborative, one size fits all model

Limited value to both buyers and suppliers

Examples: Oildex, Cendec, Ariba, Basware, SAP, Oracle

Independent, easily integrated, web-based platform

Acts as an enhancement to existing ERP & Workflow systems

“Many to one” model delivers faster and cheaper supplier adoption

Supplier led registration and self-promotion

Continuous communication between buyers and suppliers

Leverages social/viral engagement model to simplify B2B commerce

Delivers equal value to both buyers and suppliers

The cortex advantage

Cortex is a platform, not an integrator

Only true managed service provider

Already the e-billing service provider


E-Billing Workbench

e-Billing Express

Accounts receivable (supplier overview)

5 reasons to build e-billing


What is e-billing?A simple effective way to connect all suppliers customers to one service for the purpose of billing


Cortex Connections

Extended Connections

Cortex Express

100% e-Billing Services

What’s actually happening?

Partner approach to automation

Simplified billing

Feature rich


E-Billing Workbench

e-Billing Express

A complete invoicing service (100% e-Billing)

Supplier benefits

Reduce days sales outstanding and cost of invoice

Reduced duplicate data entry

Improved handling of exceptions/rejections


Scalable delivery that meets budget for customers of all sizes

High ROI, low-risk solution

Accounts payable (buyer overview)

Accounts payable process


Document management / electronic workflow


Workflow allows visibility and control of cost expenditures and eliminates keying errors

Workflow’s objective is to reduce the number of touch points on an invoice

Cortex accomplishes this with strategic partnerships

One Ended Solution


Workflow offers no way to manage incoming paper, and has no ability to respond to errors in paper invoices

Paper Service Ticket

Invoice

Paper Invoice

InvoiceRouting

InvoiceApproval

Invoice Capture& Entry

QBYTEIntegration

PaymentProcessing

Doc Management/Workflow FinancialSupplier

Supplier Buyer

Cortex enhances AP processes by


Eliminating paper

Enhancing accuracy

Increasing efficiency

Delivering fully supported campaigns

Sage 300

Workbench

E-Billing Workbench

Cortex AP Paper Service

Cortex Network

Workflow

How cortex saves customers time

Connects to the existing

ERP or Workflow in

place, removing the

struggle of handling multiple portals.

connectionsWith

thousands of trading

partners already on the network it’s easy for

customers to get the right amount of

automation.

automationHelp

increase adoption

with onboarding support for suppliers.

supportImprove

performance by

establishing and

monitoring key

performance indicators a customer’s Workbench

account.

reportingAvoid wasting

time playing by communicating

directly with trading

partners, quickly and

securely.

messaging


How cortex saves customers money

Papers can be lost, which

means customers

lose money. Always

knowing where

documents are ensures customers

can pay and get paid.

TraceableReduce the total time it

takes to approve

documents from weeks to days, with full visibility

on documents

from start to finish.

approvalsTurns an AP department into a profit center with

Payment Services

from Cortex.

paymentsReduces the need to add

costly personnel by automating processes

and adding scalability to a customer’s

business.

scalableCapture Early Pay Discounts

and turn a payables

department into a cost

savings area by cashing in on

available discounts.

discounts


Choose the right level of connectivity for your business

How we connect

workbench Workbench Enhanced Machine-to-Machine

Cloud based connectivity allowing customers full input control over their

document entry through the standard Workbench

application.

The same easy-to-use Workbench application with basic automation

using pre-loaded templates to make

document entry faster and more accurate.

Takes the guess work out of document exchange with a fully automated,

configured solution.


No TouchLow touchHigh touch

Expense trending


$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

q1 q2 q3 q4

Severance and termination benefits General and administrative Research and development Sales and marketing Cost of Sales

Revenue trends


$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

Q1 F2014 Q2 F2014 Q3 F2014 Q4 F2014 Q1 F2015 Q2 F2015 Q3 F2015 Q4 F2015

Access fees Usage Fees Billable Transactions

Spring Break-up

Spring Break-up

Connect. Interact. Transmit. Grow.

increase the velocity of your businessclub/cortex+-+investor... · the difference of the cortex...

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