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Internet Payment Platform (IPP) Benefits
The IPP Will Provide Cost Saving Benefits For Both Agency And Supplier Users
The IPP solution is available at no charge
- IPP implementation includes no fee based services, licensing costs, or requirements to purchase software or client hardware
The IPP reduces the cost, time and risks associated to paper-based processing
- Eliminates overhead costs for paper, postage and extended mail routing
- Replaces paper orders, invoices and remittance reports with online display
- Supports shared view of change orders, invoice versions, attachments and comments
- Supports online document creation from a primary document, including PO flip to Acknowledgement, Shipping Notice, Invoice or Credit memo.
- Eliminates data entry steps by supporting digital file exchange between ERP systems
- Replaces paper based controls with online audit trail and linked related documents
The IPP expedites invoice approval
- Reduces the approval cycle and increases controls with online workflow processing
- Increases supplier visibility to cash flow
The IPP enables Agencies to manage Prompt Pay Rules
- Supports EFT payments only, encouraging suppliers to convert from check payments
- Enables agency compliance with Prompt Payment business processes through invoice aging reports, configurable escalation strategies and Email alerts
The IPP is highly configurable, eliminating costs for customized implementations
- Includes comprehensive set of functions to include as needed
- Supports rules configuration for data entry or file upload
The IPP supports government data standards
- A single standard for order, invoice and payment views reduces costs for file exchange and integration, as well as user training
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