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| | February 05, 2009
Cortex Business Solutions joins BlackBerry Alliance Program
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| | /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
CALGARY, ALBERTA--(Marketwire -- February 5, 2009) Cortex Business Solutions Inc. (TSXV: CBX, www.cortex.net), an industry leading service company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers, is pleased to announce their membership in the BlackBerry(r) ISV Alliance Program.
Membership in the BlackBerry(r) alliance program will help Cortex launch its newest solution - QuikTikitTM that runs on BlackBerry(r) smartphones from Research In Motion (RIM). QuikTikitTM is a revolutionary solution that offers companies the ability to expedite their invoicing process and to retrieve billing information or service tickets produced in the field in a more timely and efficient manner. It uses the BlackBerry(r) smartphone to remotely capture the signed image and accounting data from paper timesheets, goods, and service receipts and sends them securely through the Cortex Trading Partner Network directly into the client's back office billing or accounting system for processing.
The QuikTikitTM application offers companies the opportunity to expedite their invoicing process and to retrieve billing information or service tickets produced in the field in a more timely and efficient manner. Implementing this solution will:
- Reduce days sales outstanding by reducing the amount of time between when work is completed and when a customer is invoiced
- Expedite invoicing by linking backup images and invoice information, eliminating the need to wait for paper backup from the field
- Increase daily cash flow by enabling companies to invoice on the day the service is performed
- Leverage the client's current enterprise or accounting software by integrating the transfer of information directly into their billing or third party ticketing systems -- no additional software to purchase
- Reduce peak volumes of ticket or invoice processing by spreading out invoice generation to a daily or weekly process
About Cortex Business Solutions Inc.
Cortex Business Solutions Inc. is an industry leading service company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Trading Partner 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 its customers existing business environment.
For more information please visit our website at www.cortex.net or contact:
Cortex Business Solutions
Ryan Lailey
VP Business Development
(403) 219-1504
email: rlailey@cortex.net
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.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. |
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