The Invoice Processing Platform (IPP), U.S. Treasury’s centralized, electronic invoicing service for Federal government agencies, has once again earned a key data security and control certification: compliance with the Statement on Standards for Attestation Engagements No. 18 (SSAE 18), Reporting on Controls at a Service Organization. This certification demonstrates IPP's commitment to the highest standards of operational excellence for the 106 federal government agencies and over 133,000 government vendors using IPP.
The CPA firm conducting the external assessment of IPP’s internal controls issued its report – indicating that IPP’s control activities are effectively designed and operated correctly throughout the twelve-month reporting period.
SSAE No. 18 is a reporting standard for services organizations put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). SSAE 18, which replaces Statement on Auditing Standards No. 70 (SAS70) and supersedes the Statement of Standard Attestation Engagements No. 16 (SSAE 16), addresses engagements undertaken by a service auditor for reporting on controls at service organizations (e.g., data center providers) that provide services to user entities, for which a service organization’s controls are likely to be relevant to a user entity’s internal control over financial reporting (ICFR).
The FM Vision is more than an idea. It's a series of goals that focus on the Fiscal Service initiatives that support the federal financial management community. These initiatives are about making federal financial management better for you and for those who use our services. So let's talk about the Invoice Processing Platform (IPP) that is part of our goal for optimizing disbursing.
How does IPP benefit the American people? IPP, Treasury's solution for electronic invoicing (e-invoicing), saves agencies and vendors time, effort and money. As a secure centralized service IPP is available at no charge to executive, legislative and judicial branch agencies and their vendors.
To read the full article, visit the Fiscal Service FM Vision.
December 14, 2017 — Federal News Radio
"Beyond payroll processing, there have been few success stories. But the Treasury Department may add one more to that short list.
The Invoice Processing Platform (IPP) is demonstrating both the benefits and savings envisioned for shared services."
To read the full article, visit the Federal News Radio.
April 13, 2016 — Federal News Radio
John Hill, the Bureau of the Fiscal Service's Assistant Commissioner for Payments and Chief Disbursing Officer, said agencies are getting ahead of the OMB deadline to move to electronic invoice processing by 2018, by moving to the Invoice Processing Platform (IPP).
To read the full article and listen to John Hill’s interview with Jason Miller, visit the Federal News Radio.
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