Friday, July 15, 2011

Fed's Mandatory IPP

In the name of government efficiency, the US Treasury Department mandated that all Treasury Bureaus implement the Internet Payment Platform (IPP), an electronic invoice processing solution, by the end of fiscal year 2012. Commercial vendors must submit invoices by IPP, which allows for quicker payment processing for their services, greater assurances that their invoices are received and processed accurately, and immediate online access to their invoice status.

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