SOURCE: Direct Insite Corp.

Direct Insite Corp.

October 10, 2011 16:30 ET

Direct Insite Forms Strategic Partnership With Leading Risk Management Services Provider

SUNRISE, FL--(Marketwire - Oct 10, 2011) - Direct Insite (OTCBB: DIRI), a leading provider of on-demand services for accounts payable, accounts receivable and payments automation, today announced that the company has formed a strategic partnership with Enterprise Risk Management, a provider of risk management services to businesses and government entities worldwide.

The partnership will provide Direct Insite customers with access to a broader range of services for safeguarding their critical financial information. Enterprise Risk Management's service lines include IT security, risk management, computer forensic services, IT audit services, regulatory compliance, and attestation services. The company's services range from risk assessments to the design of secure networks to the correction of existing problems. The partnership also further validates the security of Direct Insite's processing infrastructure, which is PCI compliant and ISO 9001:2008 certified.

Direct Insite automates processes such as: electronic invoice distribution and submission; purchase order submission, distribution and acknowledgement; invoice processing and validation; line-item matching; approval routing; invoice consolidation; dispute management; and payment processing.

"Financial operations face growing IT security and regulatory compliance obligations, as well as increasing risks to the integrity of their systems. Through its services, Enterprise Risk Management provides clients the highest level of expertise to assess and address risks, comply with standards and regulations and mitigate risks. By combining these services with Direct Insite's highly secure infrastructure, businesses can achieve greater peace of mind about the safekeeping and integrity of their financial information," said Direct Insite President and Chief Executive Officer Matthew Oakes.

"This new strategic alliance combines the technology, services and industry experience of two market leaders to help organizations address today's compliance and risk management issues, while positioning them to keep up with continually changing and increasingly complex security demands," stated Enterprise Risk Management President Silka M. Gonzalez. "Enterprise Risk Management looks forward to working with Direct Insite to meet the needs of financial operations."

About Enterprise Risk Management
Enterprise Risk Management is a leading risk management firm based in Miami, Florida. It provides local, national, Fortune 500, and international businesses and government organizations with IT and security services ranging from security risk assessment to sophisticated network security services to correction of problems. Enterprise Risk Management was named a Top 200 South Florida Small Business by Business Leader Magazine in 2008. For more information, visit

About Direct Insite
Direct Insite delivers on-demand AP and AR solutions that are deployed fast, with minimal cost and operational impact, and provide significant benefits across the financial supply chain. Since it was founded in 1987, Direct Insite has built a track record in automating some of the most demanding financial environments. Today, more than 100,000 corporations use our solutions across 100 countries (representing more than 35 currencies and 17 languages). Direct Insite's Invoices On-Line (IOL) suite simplifies AP and AR processes such as: electronic invoice distribution/submission, purchase order submission/distribution/acknowledgement, invoice processing/validation, line-item matching, approval routing, invoice consolidation, dispute management, payment portal/processing, and reporting and analysis. For more information on Direct Insite, visit

Invoices On-Line is a trademark of Direct Insite.

All other product and service names mentioned herein are the trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Contact Information

  • Corporate Contact:
    Matthew Oakes
    President and CEO
    Direct Insite Corp.