Power of PAYBOX®
Grey Group Signs Multi-Year Contract With Direct Insite
BOHEMIA, NY — (Marketwire) — 06/10/09 — Direct Insite Corp. (
Direct Insite's supplier on-boarding and enablement services will enable Grey's suppliers to submit electronic invoices and supporting documentation significantly reducing manual paper invoicing processes. Suppliers invoicing Grey will be able to submit electronic invoices through web form entry, copying a purchase order into an electronic invoice or uploading invoice data from a spreadsheet. Direct Insite will perform automated 'rules-driven' invoice validation, including purchase order matching. Workflow will be incorporated to route electronic invoice packages to Accounts Payable for review and approval. Ultimately, approved electronic invoices will be transmitted into Grey's Accounts Payable system.
"Direct Insite's Invoices Online (IOL) portal will be our single point of entry for supplier electronic invoice processing and self-service invoice/payment status lookup. Benefits will include e-invoice processing efficiencies, reduced paper storage costs and enhanced supplier self-service. Grey is committed to environmental conservation and with over 5,000 paper invoices manually reconciled per month, we needed a solution provider who would work closely with our suppliers to accelerate electronic invoicing and reduce paper invoice handling," said Pasquale Cirullo, Senior Vice President, Business Systems, Grey Group.
Direct Insite Chairman and CEO James Cannavino said, "Grey is leading their industry leveraging innovative supplier electronic invoicing tools that accelerate Accounts Payable approval cycles while reducing processing costs. Adding Grey to our quality list of clients further validates the operational efficiencies provided by Direct Insite."
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 including invoice validation, order matching, dispute handling, and e-payment. Direct Insite Corp. solutions are used by 7,000 corporations across 65 countries, 17 languages and multiple currencies. For more information about Direct Insite Corp. (
About Grey Group
Grey Group ranks among the largest global communications companies. Its parent company is WPP. Grey Group's total offering includes Grey, its global advertising network, and G2, its activation marketing network; healthcare communications; media planning and buying and public relations. Grey's blue-chip client roster includes many of the world's best known companies: Procter & Gamble, GlaxoSmithKline, Diageo, Darden Restaurants, Wyeth, Canon, 3M, Eli Lilly and E*Trade. (www.grey.com)
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Direct Insite Corp.