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.
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 85 federal government agencies and over 124,000 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).
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.
December 10, 2015 — Government Executive
"The federal government is the nation’s largest disburser—$600 billion a year in checks go out to suppliers from civilian agencies alone, according to the Treasury Department.
So it may surprise some in this digital age that only 38 percent of the 19 million invoices filed by agencies in fiscal 2013 were submitted electronically. That left a pile of 12 million supplier invoices on old-fashioned paper, costing taxpayers an estimated $230 million yearly to process.
But if government paymasters feel stuck in the paper era, help is on the way.
The cavalry charge is led by John B. Hill, the assistant commissioner for payment management at Treasury’s Bureau of the Fiscal Service and the government’s chief disbursement officer."
To read the full article, visit the Government Executive.
July 17, 2015
On July 17, 2015, the Office of Management and Budget (OMB) released a memorandum directing federal agencies to transition to electronic invoicing by the end of FY 2018, to improve government effectiveness and transparency, while reducing administrative work and costs.
Agencies have three years to begin processing all their invoices electronically, either by migrating to a Federal Shared Service Provider (FSSP) and using the FSSP's e-invoicing solution or by using an OMB-approved electronic invoicing solution such as the Department of the Treasury's Invoice Processing Platform (IPP). IPP is already implemented at three of four FSSPs and has nearly 80 agencies enrolled and using the service.
As OMB moves forward with outlining a governance model and data standards, the IPP and Treasury teams are ready to support additional IPP users based on planning for growth in agency and vendor adoption.
For more information, read the OMB memo on electronic invoicing (M-15-19).
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