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Direct Insite Corp E-Invoicing Network Surpasses 175,000 Users -- Targets in Excess of 235,000 By Q4 2012
Network processes nearly 4 million invoices worth a total of $82 billion year-to-date
SUNRISE, Fla., Sept. 6, 2012 /PRNewswire/ — Direct Insite Corp. (OTC BB: DIRI), a provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable, and payments services, today announced that the company's global e-invoicing network has surpassed 175,000 users. Year-to-date, Direct Insite's e-invoicing network has processed nearly 4 million accounts payable and accounts receivable invoices, representing a total value of more than $82 billion.
With current new customer signings and anticipated growth, Direct Insite anticipates that its Invoices On-Line (IOL) e-invoicing network will surpass 235,000 total users by Q4 2012.
Direct Insite's Invoices On-Line (IOL) platform is one of only a few e-invoicing networks to offer accounts payable, accounts receivables and electronic payments capabilities.
"The continued increased growth of our Invoices On-Line (IOL) e-invoicing network validates the requirements and benefits of suppliers and customers in the Global 3000 implementing our financial automation solutions," said Direct Insite President and CEO Matthew E. Oakes. "With our recent infrastructure investment and e-invoicing network's scalable and secure cloud-based architecture, we are well positioned for accelerated growth in 2013."
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.
FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
Matthew E. Oakes
President, CEO and Director
Direct Insite Corporation
SOURCE Direct Insite Corp.