Power of PAYBOX®
Direct Insite Corp. Recognized by CIO Review magazine as one of the 20 most promising Corporate Finance Tech Solution Providers of 2015
FT. LAUDERDALE, FLORIDA, July 16, 2015 -- Direct Insite® (OTCQB: DIRI), ), provider of the PAYBOX® integrated receivables platform, announced today that it has been recognized by CIO Review magazine in its annual listing of 20 companies that are in the forefront of providing Corporate Finance Tech Solutions and impacting the marketplace.
The magazine’s article profiles PAYBOX®, the company’s unified working capital management platform, that integrates with legacy lockbox and treasury systems to provide an important building block for a bank’s or corporation’s integrated receivables strategy.
“Direct Insite is extremely pleased that this prestigious publication has recognized the company’s commitment to solving some of corporate America’s revenue cycle problems,” said Direct Insite Chairman and CEO Matthew E. Oakes. “This white-labeled platform allows banks to take a larger role in their clients’ financial supply chain, further enhancing their value to their clients.”
About Direct Insite
Direct Insite® provides a powerful platform for unified working capital management that facilitates over $160 billion worth of transactions annually between more than 375,000 companies worldwide. Direct Insite’s clients include IBM, Siemens, BE Aerospace, Saint Gobain, Carlson, and one of the largest financial institutions in the world. The flagship component of Direct Insite’s unified working capital management platform is PAYBOX®, an innovative receivables automation solution that combines electronic invoicing, online approvals and adjustments, electronic payments, and integration with any legacy accounting, ERP or lockbox system. PAYBOX® is primarily sold through banks to corporate users of their treasury management and lockbox services. Banks and corporations use PAYBOX® to reduce Days Sales Outstanding, lower costs, and improve straight-through AR posting.