Power of PAYBOX®
INTTRA Signs Multi-Year Contract With Direct Insite Corp.
BOHEMIA, NY — (Marketwire) — 05/04/09 — Direct Insite Corp. (OTCBB: DIRI), a global provider of electronic invoicing services for Accounts Payable and Accounts Receivable automation, today announced it has signed a multi-year contract to provide its eBilling and electronic invoice delivery services to INTTRA.
INTTRA is one of the world's largest ocean industry e-commerce platforms, responsible for processing over 175,000 electronic container orders between shippers, forwarders and carriers per week. Direct Insite's Invoices Online (IOL) service will automate the manual billing processes within INTTRA. Electronic bookings, shipping instructions and shipping orders will be auto-reconciled within IOL to produce accurate e-Invoices for INTTRA's carrier customers.
"Direct Insite will automate our complex global invoicing processes," said Valerie Rainey, INTTRA CFO. "IOL provides our carriers greater invoicing accuracy and accelerated billing cycles through a self service portal which provides detailed visibility into their consolidated online invoices."
"With Direct Insite's Invoices Online solution, INTTRA will be able to produce accurate consolidated electronic invoices, reducing billing discrepancies," stated Jim Cannavino, Direct Insite Corp. Chairman and CEO. "This solution illustrates how Direct Insite provides companies like INTTRA the ability to redirect employees and financial resources towards growing their business rather than handling time consuming manual billing processes."
About Direct Insite
Direct Insite Corp. provides e-Invoicing and workflow solutions that streamline processes and reduce costs within Accounts Payable and Accounts Receivable operations. The Company's e-Invoice management services automate Procure-to-Pay and Order-to-Cash activities such as invoice validation, order matching, dispute handling, and e-payment. Direct Insite Corp. solutions are used by 7,000 corporations across 62 countries, 15 languages and multiple currencies. For more information about Direct Insite Corp. (OTCBB: DIRI), visit http://www.directinsite.com.
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 Operating Officer
Direct Insite Corp.