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

  • Comment
    customer experience (garagestock/Shutterstock.com)

    Leveraging the TMF to improve customer experience

    Focusing on customer experience as part of the Technology Modernization Fund investment strategy will enable agencies to improve service and build trust in government.

  • FCW Perspectives
    zero trust network

    Why zero trust is having a moment

    Improved technologies and growing threats have agencies actively pursuing dynamic and context-driven security.

Stay Connected