Accelarating your Cash Flow

BlueHill Research Study

AR Solutions

Direct Insite's PAYBOX™ solution is an innovative Reverse Lockbox platform for corporations and banks.

Studies show that nearly 60 percent of corporations are dissatisfied with their receivables and payments processes.

PAYBOX™ addresses these challenges by combining:

  • Invoice presentment: enabling billers to post invoices to a secure website. Payers then access their invoices via a password-protected mailbox.
  • Online approvals and adjustments: the platform replicates a payer’s workflow to allow for online review, adjustment and approval of invoices. Billers receive real-time updates on adjusted invoices for faster resolution.
  • Electronic payments: the platform enables payers to control the amount they pay, the payment type, and the settlement date. Combining invoice presentment and approval and payment in a single platform can drive p-card and ACH and utilization.
  • Receivables integration: the platform provides a remittance file for reconciliation and posting and can integrate with any legacy ERP or accounting system. Direct Insite’s PAYBOX™ also co-exists with legacy lockbox and treasury systems to provide an important building block for an integrated receivables strategy.
  • Dynamic discounting and supply chain financing: PAYBOX™ facilitates discount offers and financing.

Direct Insite complements its PAYBOX™ solution with a best-in-class AP e-invoicing solution.

PAYBOX™ helps banks extend the value of their lockbox services through:

  • Stronger customer relationships
  • New treasury revenue streams
  • Increased card volumes and higher revenues from interchange fees
  • Opportunities for lucrative supply chain financing

PAYBOX™ delivers the benefits that corporate AR professionals are desperate for:

  • Significant improvement in Days Sales Outstanding (DSO)
  • More than 90 percent reduction in invoice presentment and collection costs
  • Straight-through receivables posting rates of more than 80 percent

Use Direct Insite’s ‘Reverse Thinking’ to improve your receivables processes!

E-mail sales@directinsite.com to arrange a private demonstration.

For more information about PAYBOX™, click here.

AR Solutions