Direct Insite Corp. (OTC BB: DIRI), a provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable, and payments services, recently 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.”
Click here to view the entire Direct Insite press release.
Recently released PayStream Advisors reports confirm that eInvoicing is on the rise. Download a complimentary copy of the 2012 eInvoicing Benchmarking report to learn more about Direct Insite and eInvoicing trends, statistics, adoption rates and more.