Treasury announces plan for invoice portal

The Treasury Department will install an electronic invoice processing system named the Internet Payment Platform (IPP) by the end of fiscal 2012, reports Federal News Radio.

IPP will give vendors, who are required to begin using the platform by 2013, instant access to their invoice status online, the article said.

The installation is estimated to save $7 million per year, improve processing time and expedite the vendor payment process.

About the Author

Connect with the FCW staff on Twitter @FCWnow.

Featured

  • CLOUD
    pentagon cloud

    Court orders temporary block on JEDI

    JEDI, the Defense Department’s multi-billion-dollar cloud procurement, is officially on hold, according to a federal court announcement Feb. 13.

  • Defense
    mock-up of the shore-based Aegis Combat Information Center

    Pentagon focuses on research, cyber in 2021 budget request

    The Defense Department wants to significantly increase funds for research, cyber, and cloud.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.