Learn how Siemens has deployed Direct Insite technology for supplier invoice processing & self-service invoice/payment status lookup.
Direct Insite Blog
Companies are under tremendous pressure to preserve margins, reduce costs and optimize cash flow.
The operational benefits of e-invoicing are compelling.
For Xign customers, Direct Insite is the natural next step to fill all of your e-payment and invoicing automation needs. With Direct Insite, your organization can reduce manual processes associated with invoice receipt, routing and approval, capture more early payment discounts, and transform your corporate financial supply chain.
We support financial enterprises across 100 different countries, representing more than 35 currencies and 17 languages. We have an exceptional track record of transforming Accounts Payable (AP) in the world’s largest companies. Our customers include IBM, HP, Saint Gobain, BE Aerospace and Siemens.
For our clients, the benefits of working with Direct Insite are clear:
For banks looking for ways to grow their electronic payments volume, and to recover some of the fee income lost as a result of recent government regulation, e-invoicing offers a tantalizing opportunity.
By any measure, payables and receivables processing is becoming an increasingly complex and costly challenge for corporations. It is negatively impacting a variety of things including: operational costs, visibility into financial information, working capital management, and even supplier and customer relationships. One particular challenge for corporations is the inefficiencies associated with processing invoices and payments received from multiple sources, in multiple formats. Corporations need a single platform that brings together all of their payables, receivables and payments information.
Despite years of talk about electronification, accounts payable (AP) remains paper-intensive. Nearly 77 percent of all incoming invoices are still paper-based, according to Aberdeen Group.
For global enterprises, operating in a financial shared services environment is the “new normal.”
Accounts payable (AP) and procurement have a history of segregation in many organizations — even gaining the reputation of being silos.
A new study conducted by IOFM finds that among businesses currently using electronic invoicing, a whopping 84 percent also use invoice scanning/imaging technology. Clearly, organizations have determined that using a mix of technologies is the best solution to leaving manual processes behind.
The selection of e-invoicing technology is a critical milestone on the road to improved financial supply chain management and operational efficiency. When choosing an e-invoicing solutions provider, there are several capabilities and characteristics that global enterprises need to look for: