FT. LAUDERDALE, Fla., Oct. 2, 2014 (GLOBE NEWSWIRE) -- Direct Insite™ (OTCQB:DIRI) announced today the release and deployment of PAYBOX™ for Corporates, an enterprise module extension of its PAYBOX unified working capital management platform. In support of this product release, Direct Insite is offering a 90-day go-live deployment guarantee and no upfront integration or deployment costs, providing new customers with payback starting after their first transaction is completed.
PAYBOX for Corporates combines electronic invoicing, online approvals and adjustments, electronic payments, and integration with any legacy ERP, accounting or lockbox processing system. PAYBOX for Corporates also comes with tools and services to help companies quickly migrate their customers from costly paper billing and check payments to electronic invoicing and payments.
PAYBOX for Corporates is delivered via the cloud with a transaction-priced usage model, eliminating the significant capital expense, maintenance fees, and IT burden of on-premise receivables solutions.
"PAYBOX for Corporates is the next step in our strategy to deliver a unified working capital management platform for corporate and bank enterprises. PAYBOX for Corporates seamlessly interfaces with our Electronic Reverse Lockbox solution for banks deployed earlier this year," stated Direct Insite Chairman and CEO Matthew E. Oakes. "Our working capital management platform delivers tremendous cost savings and cash flow improvements for corporates, and facilitates the integration and better alignment of corporations and banks on receivables and payments processes."
Direct Insite will showcase PAYBOX for Corporates in Booth No. 1350 at the Association for Financial Professionals (AFP) Annual Conference, November 2-5 in Washington, D.C. To arrange a briefing, contact Direct Insite's Jim McShea at 610-212-2487 or via jim.mcshea@directinsite.com .
About Direct Insite
Direct Insite provides a powerful platform for unified working capital management. Direct Insite's unified working capital management platform facilitates $160 billion worth of transactions annually between more than 375,000 companies worldwide. The flagship component of this platform is PAYBOX, an innovative receivables and payments automation solution that combines electronic invoicing, online approvals and adjustments, electronic payments, and integration with any legacy accounting, ERP or lockbox system. Banks and corporations use PAYBOX to reduce DSO, lower costs, and improve straight-through AR posting. To learn more, visit www.directinsite.com .
Corporate Contact: Matthew E. Oakes Chairman & CEO Direct Insite Corp. (631) 873-2900
