Power of PAYBOX®
Direct Insite's Invoices On-Line(R) (IOL) 3.0 Solution Achieves
Through Integration With SAP Solutions, Direct Insite Customers Can Speed Deployment Cycles to Leverage Benefits of Interoperability
SUNRISE, FL — (Marketwire) — 04/26/11 — Direct Insite (OTCBB: DIRI) today announced that its Invoices On-Line® (IOL) 3.0 solution has achieved certified integration with SAP® applications. IOL is certified to interoperate with key SAP functions that support SAP procure-to-pay and order-to-cash related services. This allows Direct Insite customers, who also use SAP solutions, to further automate and extend their financial supply chain processes to the cloud — including invoice distribution, receipt and validation, purchase-order distribution, enterprise workflow and electronic payments.
The SAP Integration and Certification Center has certified that Invoices On-Line 3.0 integrates with SAP ERP 6.0 to exchange critical data with instances of SAP Business Suite software.
"Many of our current and prospective Enterprise and Mid-Market customers have installed SAP ERP as the baseline for their supply chain management services," said James Cannavino, CEO and chairman of Direct Insite. "Those same customers require many of the invoice automation, payment, and workflow features uniquely available in Invoices On-Line. Today's announcement that Invoices On-Line 3.0 is now SAP certified sends an important message to our customers: when using Invoices On-Line with SAP ERP, IOL business-critical services may now be extended in a manner that represents the least risk and fastest deployment."
In addition, Direct Insite has joined the SAP PartnerEdge™ program as an SAP software solution partner. Through the program, partners work closely with SAP to develop and certify the technical integration of their solutions with SAP software. Integrated partner applications extend, complement and add value to SAP solutions, thereby helping mutual customers more successfully meet business needs and drive strong results.
Direct Insite is now authorized to use the "Integration with SAP Applications" certification logo in its marketing materials for Invoices On-Line, highlighting that the solution has successfully passed certification testing.
About Direct Insite
The Direct Insite is a provider of automation solutions for Accounts Receivable and Accounts Payable business processes. Its Invoices On-Line (IOL) platform offers a comprehensive document management service that supports electronic purchase order management, e-invoice receipt/validation and e-payment. The IOL self-service portal is offered by Direct Insite as a "Software as a Service" (SaaS), where users can access and manage all aspects of the life cycle of purchase orders, invoices and other business documents. The platform supports over 40,000 companies, 100,000+ users in 100+ countries, 35+ currencies, and 15+ languages with $150 billion in annual invoice value.
Invoices On-Line is a trademark of Direct Insite.
SAP, PartnerEdge and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
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.
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