Direct Insite, a US-based cloud-based e-invoicing solutions provider, has renewed its existing global services contract with International Business Machines (IBM) for further three years, effective from 1 January 2014.
Additionally, the firm has extended its contract by one-year with IBM for customer presentable invoices, which is also set to come into effect from the same date.
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Direct Insite said that IBM will continue to deploy its Invoices On-Line e-invoicing platform, which provides capabilities for generating electronic invoices, including Web-based line-item detail presentment and summary cost data; disputing an invoice line-item or an entire invoice through a self-service Web portal; and attaching collateral information associated with an invoice.
According to Direct Insite, Invoices On-Line will support IBM across six geographies worldwide, including Africa, Asia, Australia, Europe, North America, and South America.
Direct Insite president & CEO, Matthew Oakes, said: "This contract extension confirms the compelling financial and operational benefits provided by the Invoices On-Line(TM) e-invoicing AR portal. We look forward to continuing to provide IBM with enhanced supplier relationships, reduced DSO, improved staff efficiency, and reduced costs."
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