Power of PAYBOX®
Direct Insite Unveils Enhanced Discount Management Capabilities
Direct Insite (OTC BB: DIRI.OB), a leading provider of e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments services, today announced the release of enhanced discount management capabilities for its e-invoicing platform, Invoices On-Line.
Direct Insite's discount management capabilities enable buyers to capture more discounts from suppliers, resulting in better rates of return and improved supplier relations. Suppliers benefit from improved cash flow, more predictable payments, and less profit leakage from unearned discounts.
Direct Insite's Invoices On-Line e-invoicing platform supports the three major forms of discounts:
- Pre-determined discount rates: Suppliers can electronically submit invoices with early payment discount terms via the Invoices On-Line portal. Buyers log into the Invoices On-Line portal where an intuitive invoice selection and status screen provides complete visibility into available discounts and their calculated value. Buyers then select any invoices to be paid early, and initiate payment via check, card or ACH based on established business rules using Invoices On-Line ePayment functions.
- Early payment discount options: Suppliers can choose from a set of discounts offered by buyers. Invoices On-Line combines purchase order flip and Web form entry functionality to electronically present discount options to suppliers during invoice submission. Discounts requested by suppliers will automatically override previously negotiated purchase order terms.
- Dynamic request/renegotiation: Invoices On-Line allows suppliers or buyers to initiate a dynamic discount proposal to trading partners. The platform facilitates the online negotiation between the parties and collects all supporting information about renegotiated payment terms.
"Working capital management remains a top priority for companies. Invoices On-Line uniquely facilitates the management of early payment discounts between trading partners, improving cash flow across the entire financial supply chain," said Direct Insite President and CEO Matthew E. Oakes. "Our new functionality provides all users interactive reporting and real time cash flow analysis based upon available discounts, and it maximizes supplier participation by enabling targeted communication regarding discount offers."
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.
Direct Insite Corp.
Matthew E. Oakes, 954-510-3750
President and Chief Executive Officer