Cortex Business Solutions Inc.

Cortex Business Solutions Inc.

July 09, 2013 14:05 ET

Cortex Partners With RTS Financial to Offer Quicker Payments

CALGARY, ALBERTA--(Marketwired - July 9, 2013) - Cortex Business Solutions (TSX VENTURE:CBX) has partnered with RTS Financial to offer our customers access to direct invoice discounting that works seamlessly with the network. Cortex users will be able to obtain immediate payment on eligible invoices for a small discount through RTS.

Cortex 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 delivery.

RTS Financial is an industry-leading accounts-receivable financing organization that specializes in funding options for small-and-medium sized businesses. Unlike a bank, RTS offers alternative capital solutions - not debt - to operations in transportation, oil and gas, textiles, agriculture and more, both domestically and internationally.

This value-added service will provide Cortex customers in the United States an opportunity to receive quicker invoice payments. RTS will allow Trading Partners on the Cortex Network to receive immediate payment for approved invoices through the system without having to wait for manual payment. Payments are often disbursed within 24 hours. If your company requires rapid financing, RTS can provide the capital for your business.

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.

About RTS Financial

RTS Financial is a provider of working capital through accounts receivable financing. Since its origination in 1995, RTS has helped thousands of companies achieve their success, specializing in the transportation and oil field service industries. As a valued partner to small-and-mid-sized businesses, RTS also provides collections, invoicing, credit analysis, and cash management services.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Forward-Looking Statements

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 forward-looking statement.

Contact Information

  • Cortex Business Solutions
    Ryan Lailey
    3404 25th Street NE
    Calgary, AB T1Y-6C1

    RTS Financial
    Justin Goheen
    8601 Monrovia
    Lenexa, KS 66215
    (317) 294-0159