Keywords: e-invoicing, einvoicing, electronic invoicing, Direct Insite, accounts payable, accounts receivable, payments automation, cloud

Direct Insite to provide e-invoicing platform to American multinational confectionery, food and beverage conglomerate

Ivan Ujvari | News | 29 June 2012

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Direct Insite, a provider of cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments Automation, announced that it has signed a major customer contract for an as of yet unnamed American multinational confectionery, food and beverage conglomerate. The three-year deal is valued at approximately $2m.

The customer will deploy Direct Insite’s Invoices On-Line (IOL) suite of AP automation processing capabilities in its global shared services environment and integrate directly with both the customer’s SAP and other financial systems. The Invoices On-Line AP portal will enable the customer’s automation of processes such as: electronic invoice receipt, validation and inquiry, electronic invoice processing, workflow with compliance/dispute management, and reporting.

Direct Insite President, Chief Executive Officer and Director, Matthew E. Oakes said “Adding this multinational conglomerate to our expanding customer base increases the footprint of our Global Supplier Network while providing us the opportunity to refine and enhance our AP automation portfolio offering.”