Canadian procurement and supply chain services company Cortex Business Solutions has entered an interoperability agreement with Finnish e-procurement and e-invoicing software company Basware.

Under the terms of the deal, Cortex is set to extend its services offering beyond Western Canada and into the USA. Thus, Basware customers are set to receive purchase invoices electronically through an interface to the Cortex supplier base. Invoice data will then sent to the Basware Invoice Automation solution, allowing Basware's customers to automate their entire procurement and inbound logistics cycle with suppliers.

The Basware Invoice Automation (IA) solution uses automatic, business-rule based matching to minimize the need for repetitive invoice-handling tasks and enable enhanced management of exceptions. Basware Invoice Automation is designed to optimise process performance in financial departments and business units.