Power of PAYBOX®
Direct Insite Delivers Invoices On-Line Epayments Services Portal to One of North America's Largest Suppliers of Automotive Replacement Parts and Supplies
SUNRISE, Fla., May 7, 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 delivered its Invoices On-Line (IOL) portal to one of North America's largest providers of automotive replacement parts, accessories and supplies.
The parts supplier is initially using the Invoices On-Line's ePayments Services portal to electronically receive and process payments from its commercial customers, immediately improving the parts supplier's Days Sales Outstanding (DSO). Invoices On-Line provides the parts supplier's clients and internal customer service and collections groups with improved visibility into payment status, enhancing customer service and facilitating collaborative payment activities among the parties.
A PCI Compliant Payment Gateway, Direct Insite's Invoices On-Line ePayment Services portal is helping the parts supplier safeguard cardholder data and prevent payment fraud. Meeting the requirements of PCI Compliance, Invoices On-Line never stores sensitive payment data regarding the merchant's services within the merchant's firewalls. Deploying Direct Insite's Invoices On-Line creates a platform for the parts supplier to present electronic invoices to its customers and automate its invoice workflow and dispute management.
"As companies accelerate their push towards electronic payments, Invoices On-Line is differentiated by its invoice-centric approach to payments, breadth of capabilities, and seamless integrated e-invoicing functionality — all delivered in a PCI compliant environment," said Direct Insite President and CEO Matthew Oakes. "Invoices On-Line is uniquely suited to help companies enhance customer relationships, accelerate credit and collections, and improve DSO."
Invoices On-Line's ePayment Services portal supports the secure disbursement, receipt and processing of payments via credit card or the Automated Clearing House Network. Users can schedule and pay one or many invoices via the service. Payment remittance information is automatically synchronized with the Invoices On-Line user's enterprise resource planning (ERP) system.
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 Corp.