Post on 05-Jun-2020
Increase the velocity of your business
Who is cortex?
Cortex – by the numbers
60%CANADA
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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
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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
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Everybody else
the difference of the cortex networkCortex network
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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
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E-Billing Workbench
e-Billing Express
Accounts receivable (supplier overview)
5 reasons to build e-billing
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What is e-billing?A simple effective way to connect all suppliers customers to one service for the purpose of billing
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Cortex Connections
Extended Connections
Cortex Express
100% e-Billing Services
What’s actually happening?
Partner approach to automation
Simplified billing
Feature rich
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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
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Scalable delivery that meets budget for customers of all sizes
High ROI, low-risk solution
Accounts payable (buyer overview)
Accounts payable process
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Document management / electronic workflow
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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
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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
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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
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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
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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.
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No TouchLow touchHigh touch
Expense trending
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$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
q1 q2 q3 q4
Severance and termination benefits General and administrative Research and development Sales and marketing Cost of Sales
Revenue trends
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$-
$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.