CALGARY, ALBERTA — (Marketwired) — 07/25/13 — Cortex Business Solutions (TSX VENTURE: CBX) has partnered with CapitalNOW to offer customers access to immediate payment on invoices with an “approved” status in the Cortex system. Those Cortex customers that want more financial options to better manage their businesses can now benefit from access to immediate funds with CapitalNow.
Cortex is a leader in the provision of eInvoicing and eBilling services and tools that facilitate invoice delivery and offers a simple supplier on-boarding process with best in class post implementation support.
CapitalNOW is an Alberta company specializing in immediate funding for Western Canadian businesses, particularly those service the oilfield. For the past twelve years CapitalNOW has financed small and medium sized businesses based on their Accounts Receivable, greatly simplifying the funding process. Set up is easy, funding is fast and client support is unrivaled.
With the addition of this value-added service, Cortex customers in Canada can manage operational costs regardless of when clients pay their invoices.
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 CapitalNOW
CapitalNOW has been taking the uncertainty out of getting paid and helping grow businesses for 12 years. CapitalNOW is a specialist direct lender offering industry leading turnaround times and simplicity. Working exclusively in Western Canada with an emphasis on the oilfield, CapitalNOW has the experience to get you paid and keep your Customer happy. Your Cortex invoices are already approved. No matter the size or stage of your business you will benefit from getting paid now.
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.
Contacts:
Cortex Business Solutions
Ryan Lailey
3404 25th Street NE
Calgary, AB T1Y-6C1
CapitalNOW
Gerry Wawzonek
121 – 234 5149 Country Hills Blvd NW
Calgary, AB T3A-5K8
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