Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

December 14, 2015 19:43 ET

Cortex Completes Third SSAE16 Audit

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF), an online business-to-business network that helps companies reduce invoice processing times by connecting and interacting with each other, today announces completion of a Statement on Standards for Attestation Engagement No. 16 (SSAE 16) SOC 1 Type I audit.

Cortex obtained the independent audit report on key IT control objectives put in place by Cortex in the following areas:

  • Change Management
  • Logical Access
  • Data Back-Up and Recovery
  • Database Security
  • Network and Systems Availability and Monitoring
  • Network Security

"This completion of our third SSAE 16 report remains an important ongoing milestone for Cortex. Our Network is trusted by some of the largest companies in the energy sector, mining and sports & entertainment industries to expedite their processing and payment of invoices. This trust requires that we continually ensure our system's controls meet and exceed industry standards, and our recent audit was conducted as part of our commitment to our customers," said David Schaw, Director of Infrastructure and Security at Cortex.

SSAE 16, also called Statement on Standards for Attestation Engagements 16, is an auditing/attestation standard created by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for how service companies report on compliance controls.

About Cortex Business Solutions

Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF) is an enterprise business-to-business network that enables electronic invoicing for buying and suppling organizations, to reduce the time required to process invoices through the use of flexible connections methods and tools that leverage existing customer technologies and processes. Access to the Cortex Network enhances the exchange of documents allowing companies to connect and interact with each other to grow their businesses.

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