Private Label AR and Payments Solutions for Banks

Want to meet rising corporate demand for new payables and receivables services — while increasing treasury management revenues, strengthening customer relationships, and outsourcing the complexity of B2B file integration?

Direct Insite's PAYBOX® provides a comprehensive, ERP-agnostic platform to automate the submission and approval of electronic invoices for multiple bank buyers and suppliers.

The platform provides key private-label features such as:

  • AR Electronic Invoice Presentment and Payment
  • AP Approval Workflow Processing
  • Multi-Currency Payment Processing

With these features, Direct Insite's PAYBOX® makes it easy and cost-effective for banks to offer their corporate customers electronic invoicing and the ability to make secure electronic payments using the ACH Network or cards. PAYBOX® also is a perfect complement to a bank's legacy lockbox and treasury management services — and a perfect bridge to the future.

Benefits to Banks

  • Positions banks to offer new e-invoicing, approval management, and payment solutions to commercial customers
  • Ability to meet an increasingly common treasury requirement
  • Addresses immediate AP and AR automation needs of commercial customers
  • Provides banks with a lucrative value-added service to drive non-interest fee income
  • Drive additional non-interest fee income through treasury management, merchant services, and internal bank payment infrastructures
  • Outsource the complexity of B2B file integration
  • Strengthens customer relationships

Benefits to Suppliers

  • Reduces paper billing, print processing, and postage costs
  • Reduces US Post Office mail float with electronic invoices
  • Reduces Day's Sales Outstanding (DSO)
  • Reduces dispute resolution cycle
  • Streamlines AR reconciliation and posting
  • Accelerates cash application by supporting early payment discounts
  • Maximizes Working Capital and minimizes interest expense

Benefits to Buyers

  • Reduces manual processing costs and keying errors
  • Automatically matches POs, invoices, and GRNs
  • Accelerates multi-hierarchy invoice approval process
  • Maximizes available fixed supplier discounts
  • Reduces overall capital expenditures with dynamic discounting
  • Encourages P-Card acceptance by suppliers
  • Consolidates invoices to capture larger p-card rebates
  • Maximizes Working Capital and minimizes interest expense

AR Solutions