Vendor News & Events Archive

In support of President Obama's "Campaign to Cut Waste" across the federal government, the U.S. Department of the Treasury announced that it is mandating that all Treasury Bureaus implement the Internet Payment Platform (IPP), an electronic invoice processing solution, by the end of fiscal year 2012. Additionally, in fiscal year 2013, Treasury will require that its commercial vendors submit their invoices using IPP. This initiative will both improve government efficiency and cut costs for taxpayers. Moreover, vendors who use IPP will collect quicker payments for their services, receive greater assurances that their invoices are received and processed accurately, and have immediate online access to their invoice status for all agencies using IPP. To view the Treasury's press release in its entirety, please visit:

http://www.treasury.gov/press-center/press-releases/Pages/tg1238.aspx

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.

Mr. John Hill, Assistant Commissioner for Payments and Chief Disbursing Officer at the U.S. Treasury's Bureau of the Fiscal Service, discusses a historical parallel, international adoption of electronic invoicing, benefits to business, and the potential for federal savings with the Invoice Processing Platform (IPP). Click here to read Part 2 in the Electronic Invoicing: Why It Matters series.