Invoice Handling

CORTEX is adept at managing and validating invoices received from vendors and partners, playing a crucial role in financial operations. For vendor invoices, CORTEX meticulously validates that the lines on the invoice accurately reflect the products ordered. Similarly, dealing with partners ensures that the invoice lines correspond with the previously received usage data. This thorough validation process is key to ensuring accuracy in billing and preventing discrepancies.

Once the invoice is validated, CORTEX seamlessly uploads it into the financial accounting system. It can automatically approve payments for invoices that meet predefined business criteria, streamlining the payment process and reducing manual intervention. However, in cases where manual approval is required, it efficiently facilitates this process. It issues notifications to the relevant approval team, drawing their attention to the pending invoice. CORTEX provides a user-friendly web interface displaying detailed data from the invoice for review. This interface also allows for the input of the approval decision, making the process straightforward and efficient.

Upon receiving the necessary approvals, CORTEX processes the payment of the approved invoices. Throughout this process, CORTEX maintains a high level of communication, issuing progress notifications at key stages and informing all relevant stakeholders about the status and progression of invoice processing and payments.