E-Government

VA turns to electronic payments to save money, improve work

e-payments

Companies soon will be required to submit payments to the Veterans Affairs Department in electronic form. It will be mandatory as officials work to boost VA's productivity and garner more savings from even the smallest corners.

VA officials announced the finalized rule Nov. 27 in the Federal Register. The new rule takes effect Dec. 27.

Electronic payments will help VA make its timely payments and avoid interest penalties for late payments. VA will also be able to increase how much money it can save from prompt payment discounts. On top of that, VA will bring electronic government deeper into its operations. The result could lead to improving how VA achieves its performance goals and reduces its own costs and the burdens on businesses.

In an April Federal Register notice laying out the proposed rule, VA officials cited a 2006 Government Accountability Office report that found electronic invoicing eliminates paper and redundant data entry, improves data accuracy, and reduces the number of lost or misplaced documents.

In 2009, VA began adding an interim contract clause to have contractors voluntarily submit electronic invoices.

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

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.