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