Under the agreement, Direct Insite will support the company’s electronic payment processing through its cloud-based Invoices On-Line (IOL) AR e-invoicing platform. Direct Insite is set to use IOL’s foundation to further automate the company’s AP, AR and payments processes.
Direct Insite was founded in 1987. Its Invoices On-Line (IOL) suite automates AP and AR processes such as: electronic invoice distribution/submission, purchase order submission/ distribution/ acknowledgement, invoice processing/validation, line-item matching, approval routing, invoice consolidation, dispute management, payment portal/processing and reporting and analysis.
In recent news, Direct Insite has been selected by a global manufacturing company to deploy its Invoices On-Line (IOL) suite of AP automation processing services. The three-year deal is initially valued in excess of USD 700.000.
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