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

  • Cybersecurity

    DHS floats 'collective defense' model for cybersecurity

    Homeland Security Secretary Kirstjen Nielsen wants her department to have a more direct role in defending the private sector and critical infrastructure entities from cyberthreats.

  • Defense
    Defense Secretary James Mattis testifies at an April 12 hearing of the House Armed Services Committee.

    Mattis: Cloud deal not tailored for Amazon

    On Capitol Hill, Defense Secretary Jim Mattis sought to quell "rumors" that the Pentagon's planned single-award cloud acquisition was designed with Amazon Web Services in mind.

  • Census
    shutterstock image

    2020 Census to include citizenship question

    The Department of Commerce is breaking with recent practice and restoring a question about respondent citizenship last used in 1950, despite being urged not to by former Census directors and outside experts.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.