Automate processes such as electronic invoice receipt
Direct Insite, a provider of cloud-based e-invoicing solutions, is deploying its Invoices On-Line (IOL) suite of AP automation processing capabilities in the shared services environment of a building materials company (view press release). The three-year deal is valued at approximately USD1 million and Direct Insite is enabling more than 100,000 new suppliers on its network. Around 22 business units of the client electronically receive invoices from approximately 105,000 suppliers worldwide using Direct Insite’s Invoices On-Line portal. The portal is intended to enable the client to automate processes such as electronic invoice receipt, invoice scanning and capture, supplier registration and inquiry, electronic invoice processing, enterprise workflow and compliance/dispute management, and reporting.
Invoices On-Line is integrated with the multiple enterprise resource planning (ERP) systems used by the client, providing invoicing processes across all of its business units. Receiving and posting supplier invoices electronically using the cloud-based Invoices On-Line portal aims to enable the materials company to reduce average invoice processing costs and supplier inquiries while accelerating invoice processing turnaround. Invoices On-Line also aims to enable the electronic receipt of invoices utilizing Webform entry, “flipping” purchase orders into invoices and uploading invoice data from within a spreadsheet or electronic invoices from the suppliers’ billing system through the industry standard EDI or XML formats.
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