SUNRISE, Fla., April 16, 2012 /PRNewswire/ -- Direct Insite (OTC BB: DIRI.OB), a leading provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable and payments automation, today announced that it has deployed its Invoices On-Line (IOL) AP automation portal in the shared services environment of a major North American information technology services provider. In support of the AP Portal, Direct Insite will provide supplier e-invoicing adoption and vendor boarding services.
The company is using Direct Insite's Invoices On-Line Web portal to automate critical AP processes, including, invoice scan/capture, electronic invoice receipt, supplier registration and inquiry, electronic invoice validation and reporting. There are immediate tangible benefits to the client, including significantly reducing paper invoice handling and costs and reducing the number of telephone inquiries from its suppliers regarding invoice and payment status.
Direct Insite's Invoices On-Line solution also leverages the significant investment made by the information technology services provider in an enterprise resource planning (ERP) system from SAP. Direct Insite's integration with SAP was a critical factor in the company's decision to select Direct Insite.
"Today's announcement is further validation of the compelling operational and financial benefits provided by the Invoices On-Line AP automation portal," said Direct Insite President and CEO Matthew E. Oakes. "Invoices On-Line is helping the largest, most complex financial operations in the world improve business outcomes by reducing costs, increasing visibility in payables information, and accelerating cash flow -- all in a highly secure and compliant environment."
About Direct Insite
Direct Insite delivers on-demand AP and AR solutions that are deployed fast, with minimal cost and operational impact, and provide significant benefits across the financial supply chain. Since it was founded in 1987, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, more than 100,000 corporations use our solutions across 100 countries (representing more than 35 currencies and 17 languages). Direct Insite's Invoices On-Line (IOL) suite simplifies AP and AR processes such as: electronic invoice distribution/submission, purchase order submission/distribution/acknowledgement, invoice processing/validation, line-item matching, approval routing, invoice consolidation, dispute management, payment portal/processing, and reporting and analysis. For more information on Direct Insite, visit www.directinsite.com.
Invoices On-Line is a trademark of Direct Insite.
All other product and service names mentioned herein are the trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
Matthew E. Oakes
President and Chief Executive Officer
Direct Insite Corp.
SOURCE Direct Insite