Direct Insite’s management has established an indelible image in the global corporate world as a reliable provider of financial supply chain automation products and services. It has some seven thousand clients spread over more than 60 countries. This means that it can deal with language and currency specifics that may confound most specialized corporations from any of the leading or emerging economies.
Financial supply chain automation is a new but vital field for the intense competition of the conventional world market. This company adds enormous value to the enterprises of others by letting them focus on their specific domains of expertise, while acting as a single-window service for everything from invoicing to electronic payments, and from accounts payable to dispute processing. Siemens Shared Services LLC and the Transmission and Distribution Division of Areva are landmark industrial clients from which the company has won lucrative and long term contracts.
The short-term company results are as pleasing as its future prospects. Revenues have grown by a sound 18% in the nine months ended September 2007, while the quarter has seen a healthy net profit margin of just over 20%. The company has returned a $500 thousand loan to JP Morgan Chase Bank during the third quarter of calendar 2007, and has halved the shareholder deficiency by the end of the quarter, compared to the same period a year ago. These definitive steps towards reducing gearing will increase investor confidence in the company further, and the fact that insiders own some 18% of the total stocks is another source of reassurance.
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