When it comes to accounting innovation, the discussion often focuses on a shift away from paper thanks to electronic billing and payments. But paper is still a key component of the accounts payable process, and a new update from Direct Insite recognizes that fact.
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In a statement on Wednesday (Oct. 7), working capital solutions provider Direct Insite revealed the launch of enhancements to its electronic invoicing solution, PAYBOX CORE. The updates add print and mail capabilities, reports said, and integrate directly into accounts payable systems.
Now, Direct Insite allows distribution of an invoice based on a client’s preference, whether that be physical mail, PDF or via Web portal.
The changes, said Direct Insite Chairman and CEO Matthew E. Oakes, are to help businesses prepare for the incoming electronic invoice mandates in 2018.
The mandates, Oakes said, will place even greater pressure on AP officials. “With the federal government mandating electronic invoicing in 2018, combined with ongoing and increasing information security risks and the constant pressure to reduce costs and days’ sales outstanding, corporations are starting to examine their options and transition toward B2B electronic invoicing solutions,” he said in a statement, adding that enhancements made to the Direct Insite platform will help streamline the transition.
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