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— Siemens Global Shared Services North America Renews Contract with Direct Insite Corp. for Supplier E-Invoicing Services —

SUNRISE, Fla. April 23, 2012

Receiving and posting supplier invoices electronically using the cloud-based Invoices On-Line portal has enabled GSS NA to significantly reduce its average invoice processing costs and supplier inquiries while accelerating invoice processing turnaround.  GSS NA receives the majority of its supplier invoices electronically, utilizing Webform entry, "flipping" purchase orders into invoices, uploading invoice data from within a spreadsheet or electronic invoices directly from the Suppliers’ billing system through the industry standard EDI or XML formats and posts them without operator intervention ("touch-less") through the Invoices On-Line.

Roderick Fields

Matthew Oakes


USA $20 billion Puerto Rico the United States www.usa.siemens.com


www.directinsite.com

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.


Matthew E. Oakes

[email protected]

SOURCE Direct Insite

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