Case Study: Calgary Sports Scores Big by Investing in Cortex E-Invoicing
CASE STUDY: CALGARY SPORTS SCORES BIG BY INVESTING IN CORTEX E-INVOICING www.nhl.com/flames Executive Summary www.hitmenhockey.com www.stampeders.com When Calgary Sports and Entertainment (CSEC) began looking www.calgaryroughnecks.com for a way to improve their complex invoicing process, it became apparent that they would need a solution that was capable of simplifying an unconventional accounting setup, without adding considerable cost to their operations. By introducing the Cortex Trading Partner Network and having CSEC CORPORATE OVERVIEW: Suppliers send invoices electronically, CSEC was successful in simplifying their accounting processes, improving relations with Founded in 2012, Calgary Sports and their Suppliers, and reallocating resources to other areas of the Entertainment Corporation (CSEC) is business, all while saving money. a privately owned professional sports Just as smart sports organizations are embracing Big Data Analytics and entertainment company based in to generate enhanced insight into athletic performance and Calgary, Alberta, Canada. translating that into measureable team performance, the Cortex solution provided CSEC’s finance group with a 21st century solution CSEC owns and operates four franchises that quickly delivered meaningful results to their organization’s based in Calgary: Calgary Flames of the bottom line. National Hockey League, the Calgary Hitmen of the Western Hockey league, Challenges the Calgary Roughnecks of the National Lacrosse League, and the Calgary By operating on a mandatory per-event accounting model, which Stampeders of the Canadian Football treats each team within the group as a unique business unit, CSEC League. Additionally, CSEC owns the was managing a very complex and exhaustive manual process for Flames’ minor league affiliates based in all of their invoices.
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