FT. LAUDERDALE, Fla., Jan. 2, 2014 (GLOBE NEWSWIRE) -- Direct Insite (OTCBB:DIRI), a leading provider of cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable and Payments automation, announced today that it has signed a three-year extension to its existing global services contract with International Business Machines (IBM), effective January 1, 2014. IBM has also signed a one-year extension with Direct Insite for Customer Presentable Invoices, also effective January 1, 2014.
IBM will continue to deploy Direct Insite's Invoices On-Line™ e-invoicing platform, which provides capabilities for generating electronic invoices, including Web-based line-item detail presentment and summary cost data; disputing an invoice line-item or an entire invoice via a self-service Web portal; and attaching collateral information associated with an invoice.
Today, Invoices On-Line supports IBM across six geographies worldwide, including Africa, Asia, Australia, Europe, North America, and South America.
"We're very pleased that IBM has decided to continue its relationship with Direct Insite," said Matthew E. Oakes, President & CEO of Direct Insite. "This contract extension confirms the compelling financial and operational benefits provided by the Invoices On-Line™ e-invoicing AR portal. We look forward to continuing to provide IBM with enhanced supplier relationships, reduced DSO, improved staff efficiency, and reduced costs."
About Direct Insite Corp.
Direct Insite delivers cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable and Payments automation. Since 2001, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, over 350,000 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™ 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.