Basware and Cortex announce Apache Go-Live on e-Invoicing, Invoice Automation

Basware230x200Basware and Cortex Business Solutions Inc. have announced that Apache has effectively implemented e-Invoicing to connect with many of its top suppliers in North America using the Basware platform and the Cortex Network. Additionally, Apache is implementing Basware Invoice Automation to minimize time-consuming, manual, repetitive invoice-handling tasks, and enable the organization to focus on more value-added activities.

System testing and configuration has been completed in the United States, and Basware and Cortex have begun rolling out Basware Invoice Automation solutions to all of Apache’s U.S. business units. By year-end, more than 2,000 of Apache’s U.S. suppliers will be connected to the Cortex Network and the Basware platform.

The joint Basware-Cortex solution enables Apache to receive electronic invoices from suppliers across North America via the Cortex network and Basware platform directly into Basware’s leading Invoice Automation software. The joint solution reduces the time and cost of scanning, entering data and approving and processing invoices, while enabling greater visibility and control over financial processes. Cortex provides full transparency into the status of each invoice including accepted and rejected notices, as well as training and ongoing support programs for each supplier, resulting in faster processing and approval times, the potential for quicker payments, and reduced effort for both Apache and its suppliers.

”By combining e-invoicing with invoice automation, Apache can streamline its invoice processing operations, and gain greater visibility into spend and cash flow to make more strategic financial decisions,” said Bob Cohen, vice president of marketing, Basware, North America. “The combined Cortex and Basware networks enable Apache to strengthen its relationships and communicate more effectively with its suppliers.”

“Cortex is excited to be live in the U.S. with Apache,” said Ryan Lailey, vice president of Business Development at Cortex. “The growth of our network to include over 2,000 U.S-based suppliers for Apache will continue to increase the value of the Cortex Network across North America.”

Basware


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