Direct Insite, a provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable, and payments automation, today announced that Siemens Global Shared Services North America (GSS NA)has signed a three-year contract renewing its use of Direct Insite’s Invoices On-Line (IOL) supplier e-invoicing portal. More than 50 business units of Siemens Corporation currently use Direct Insite’s Invoices On-Line portal to electronically receive over 2 million invoices per year from nearly 100,000 suppliers worldwide.
Receiving and posting supplier invoices electronically using the cloud-based Invoices On-Line portal has enabled GSS NA to significantly reduce its average invoice processing costs and supplier inquiries while accelerating invoice processing turnaround. GSS NA receives the majority of its supplier invoices electronically, utilizing Webform entry, “flipping” purchase orders into invoices, uploading invoice data from within a spreadsheet or electronic invoices directly from the Suppliers’ billing system through the industry standard EDI or XML formats and posts them without operator intervention (“touch-less”) through the Invoices On-Line.
Direct Insite’s Invoices On-Line solution was recently featured in PayStream Advisors eInvoicing Adoption Benchmarking Report 2012. Report data verified that eInvoicing is on the rise. Forty-two percent of companies surveyed reported they are currently evaluating eInvoicing solutions. Download a FREE copy of the PayStream eInvoicing report today to learn about the benefits of AP automation solutions.
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