The IPP is a comprehensive payment information service provided at no charge by the US Department of the Treasury’s Financial Management Service (FMS). It is in production as of November 2007 and is available for all Federal agencies and their suppliers.
The IPP provides a centralized location to view all transactions in the purchase-to-pay process. It transforms paper-based processes into an electronic process for both Federal agencies and their suppliers. The IPP’s modular design allows agencies to implement functionality in phases, according to their business need.
The primary goals of the IPP service are:
Eliminate time-consuming and expensive paper-based processes in the order to pay transaction cycle
Support digital file exchange between agencies and their suppliers
Expedite invoice approvals with central online workflow
Reinforce agency compliance with the Prompt Pay Rule
Improve agency supplier relationships and
Increase discount opportunity
IPP Functions and Modules include:
Digital Orders Agencies implement digital order and change order upload. Suppliers may view or download, flip to invoices online
Digital Invoices Agencies implement invoice functions to all or selected suppliers who may enter invoices online or send EFile uploads.
Agencies will build invoice download and status change upload to the IPP to implement this function. Functionality includes invoice aging reports and configurable invoice validation.
Workflow Agencies may use IPP workflow to configure invoice routing to manage and expedite online approval.
Invoice Self Service Agencies may enter invoice data online or flip from orders or existing invoices to apply those invoices to workflow approval.
Early Payment Opportunity Agencies setup and manage early payment opportunity online, in addition to traditional discounts associated to original orders and contracts.
Payments Reporting Payment information is uploaded from Treasury finance centers and non-Treasury disbursed agencies. Treasury payment reports include cancellations, returns and partial payments. Offset detail is reported only to suppliers, who must grant user permission. Suppliers may download Remittance information.
Central Supplier Directory Agencies may enroll suppliers or engage with suppliers already enrolled in the IPP. A supplier enrolls once to participate in the IPP with all IPP agencies.
Email Notification The IPP supports event triggered email notification. Agency and Supplier users may configure their own select and schedule notifications from an extended set of available choices.
For detailed information about conducting business transactions using this program, see Internet Payment Platform.
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