Power of PAYBOX®
Direct Insite to Support Electronic Payment Processing for Major North American Staffing Company
Direct Insite (OTC BB: DIRI.OB), a leading provider of e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments services, today announced that is has signed a three-year contract with a major North American staffing company.
Initially, Direct Insite will support the company's electronic payment processing through its cloud-based Invoices On-Line (IOL) AR e-invoicing platform. Direct Insite will use IOL's highly scalable and flexible foundation to further automate the company's AP, AR and payments processes.
"Some of the largest companies in the world trust Direct Insite to safely and reliably manage their sensitive financial information. This engagement validates our standing as a trusted provider for financial automation solutions and demonstrates our ability to impact the financial supply chain beyond e-invoicing," said Direct Insite President and CEO Matthew E. Oakes. "We look forward to building on the initial contract with this customer and help them achieve even greater automation efficiencies and positive financial results."
About Direct Insite
Direct Insite Corp. delivers cloud-based e-invoicing solutions for AP, AR and Payments automation. For nine years, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, over 175,000 suppliers and customers use our e-invoicing network 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 and submission; purchase order submission, distribution and acknowledgement, invoice processing and validation, line-item matching, approval routing, invoice consolidation, dispute management, e-payment processing, and reporting and analysis. To learn more, visit www.directinsite.com.
Invoices On-Line is a trademark of Direct Insite Corp.
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.
Direct Insite Corp.
Matthew E. Oakes, 954-510-3750
President and Chief Executive Officer