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Invoice Processing Platform (IPP)OverviewAbout IPPThe Invoice Processing Platform (IPP) is a secure, Web-based system that more efficiently manages government invoicing from purchase order (PO) through payment notification. The U.S. Department of the Treasury's Financial Management Service offers IPP, while the Federal Reserve Bank of Boston manages its implementation and operations. It is offered at no charge to federal agencies and their vendors. The U.S. Department of the Treasury estimates that by adopting IPP, the federal government can reduce the cost of entering invoices and responding to invoice inquiries by $450 million annually. One federal agency reduced the cost of processing undisputed and disputed invoices by 46 percent and 26 percent, respectively. Agency Customer Support Standard Operating Hours |
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