Invoice Processing Platform

Similar documents
Electronic Invoicing: Why It Matters

The Internet Payment Platform. FMS Regional Financial Centers Payment Management Customer Conference

The Internet Payment Platform. Kansas City Financial Center Customer Advisory Board July 28, Financial Management Service

Public administration: Approaches with E-Invoicing, E-Payment & E-Auditing

E-Invoicing. Bruno Koch. Credit Matters Conference, Prag. November 8 th, 2012

E-Invoicing / E-Billing. International Market Overview & Forecast. Bruno Koch February 2013

Implementing the Scottish Government s einvoicing Solution at West Lothian Council - Case Study

Mondelez International Moves to Electronic Invoicing

Nigel Taylor Head of e-invoicing Solutions, EMEA

Optimizing Accounts Payable Operations Basware e-solution Implementation. A Functional & Technical Overview

2011 NASCIO Nomination Business Improvement and Paperless Architecture Initiative. Improving State Operations: Kentucky

AP Automation Solution Roadmap

Driving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011

It all Starts with the Invoice

Accounts Payable Automation

Department of Veterans Affairs Financial Services Center 1615 Woodward Street Austin, TX 78772

How To Use Payables Automation

Best-in-Breed P2P Automation:! A PwC Perspective! Best of Breed P2P Automation PwC

CASH MANAGEMENT POLICIES AND PROCEDURES HANDBOOK


Corporate Payables via Virtual Credit Card

Financial Management Service. PFC Journal. International Treasury Services (ITS.Gov)

E-INVOICING Action Required: OB10 Registration

Basware R&D: Tutustu ja vaikuta Laskuautomaatio

E-Invoicing / E-Billing. International Market Overview & Forecast. Bruno Koch February 2014

Sybase Solutions for Healthcare Adapting to an Evolving Business and Regulatory Environment

International Compliance

Small Business. Leveraging SBA IT resources to support America s small businesses

How To Use On A Pc Or Mac Or Mac (For Mac)

E-Invoicing / E-Billing. International Market Overview & Forecast. Bruno Koch February 2011

Do Not Pay Business Center audit

DEPARTMENT OF FINANCE AND ADMINISTRATION - Policy 15

The Library of Congress

Integrating Payables and Receivables to Unlock Working Capital

Merchant Frequently Asked Questions

Accelerating Your Cash Flow

AP Automation Best Practices and Trends Oracle E-Business Suite

Electronic invoicing and payment:

E-Invoicing / E-Billing. International Market Overview & Forecast. Bruno Koch February 2016

The Department of the Treasury s HR Connect Human Resources System Was Not Effectively Implemented. February Reference Number:

Disbursement Processing Tools for Success

BEST PRACTICES IN AP AUTOMATION

Automating the Settlement Process

Microsoft Dynamics GP What s New

Nestlé Suisse SA and Nestlé Waters (Suisse) SA are in the process of phasing out paper invoices and moving to electronic invoicing through OB10.

2015 SIS e-invoicing Awareness Workshop 9/10 June, 2015 Beijing

Frequently Asked Questions OB10

Asset and Lifecycle Management

PayPal Merchant Tools

Paymode-X: Your Best Option for Order-to-Pay Automation

Nigel Taylor Marketing Director, Head of e-invoicing Solutions

Liner Cost Management

February Are You Ready for E-invoicing?

Tax Professional Guide to

VIRGINIA WESTERN COMMUNITY COLLEGE II - FINANCIAL & ADMINISTRATIVE SERVICES POLICIES

Guide to Electronic Disbursement Controls for Payroll Purposes D C A. Community AFFAIRS. State of New Jersey Jon S.

AP WORKLIST END USER GUIDE

PEOPLESOFT ENTERPRISE PAYABLES

Mondelēz International entity which issued the PO matches Mondelēz International entity to which you issue your invoice

Your Guide to Going Global with AP Automation. Donna Sawyer Paymode-X Product Manager, Bottomline Technologies

What s new in epayment. Payable Solution for University of Virginia

Agency Services. Moving Ahead. Agency Services Road Map

Receivables Management Solutions

The Case for Outsourcing Accounts Payable

MASTERCARD PROCUREMENT PROGRAM Cardholder s Guide

Fiscal Year 2015 GSA Guidance Gathering Personnel Data for the Square Feet per Person Real Property Metric

The Interlink Network and Maestro U.S.A. Network rules and regulations (collectively National/International Networks );

YOU WANT TO. Copyright 2014 ADP, LLC. Proprietary and Confidential.

H.R Digital Accountability and Transparency Act of 2013

Date: Lapse Planning. contains. submission. changes. financial occurred. nor

Analysis. The Opportunity to Automate Accounts Payable. January Service Areas. Comments or Questions? Digital Peripherals Solutions

Using Technology to Automate Fraud Detection Within Key Business Process Areas

Procure-to-Pay Best Practices

Electronic Reverse Lockbox for Banks and Billers. Direct Insite Corp. (OTC QB:DIRI) Investor Presentation

How Your Accounts Payable Strategy Can Boost ROI ADP Procure-To-Pay Jeff White - Director of Implementations Session #1050

SYSTEMS AND CONTROLS. Management Assurances FEDERAL MANAGERS FINANCIAL INTEGRITY ACT (FMFIA) ASSURANCE STATEMENT FISCAL YEAR (FY) 2012

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong PrimeRevenue, Inc.

SUBJECT: FY 2016 Procurement Department Budget Submittal Budget Unit 118

Dear Valued Supplier, Schneider Electric Mexico is phasing out paper invoices!

Kofax White Paper. Overcoming Challenges in AP Automation. Executive Summary. Benefits of Accounts Payable Automation

Information Technology Department Programs and Services

Performance Measures that Matter. The benefits of Payables Automation. Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011

Government at a Glance 2015

Tungsten Corporation plc Results for the six months ending 31 October 2014

Accounts Payable. Summary

Electronic Invoice Management

Finding Nirvana in AP Automation and Outsourcing

Accounts Receivable MOCAS & Debt Management Office

Contents. best practices

Improve Business Efficiency by Automating Intercompany Transactions

F101: Evaluating Payment Solutions

Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation

ADDRESS 001 UNITED STATES SENATE 002 U.S. HOUSE OF REPRESENTATIVES 003 COMMISSION SECURITY & COOPERATION IN EUROPE 006 U.S. CAPITOL POLICE+D32

Introduction. Our Services

Realizing the Full Value of GHX. A GHX Education Paper for Healthcare Supply Chain Professionals

Office of Contracting & Procurement and Support Service Center Desk Reference

Automate order-invoice matching and payment with esolutions MAP at the core of your organisation s P2P processes

CASH MANAGEMENT POLICIES AND PROCEDURES HANDBOOK

Transcription:

Invoice Processing Platform FSAC Conference Peter Moore September 18, 2014

Electronic Invoicing is a Global Public Sector Initiative Nations that have launched e-invoicing initiatives United States Ireland France Norway Denmark Russia Kazakhstan Azerbaijan Mexico China Brazil Chile Greece Macedonia Between 45% and 65% of all companies in a country are supplier to the public sector that is why e-invoicing initiatives by the public sector are key for the development of the whole country. - e-invoicing/e-billing: The catalyst for AR/AP automation Bruno, Koch & Billentis, 2013 Page 2

IPP Overview The Invoice Processing Platform (IPP) is a U.S. Treasury service that more efficiently manages government invoicing from PO to payment notification Page 3

IPP Services, Benefits & Features

43% and 54% One federal agency reduced the cost of processing undisputed and disputed invoices by 43 percent and 54 percent, respectively. Page 5

Services Provided with IPP IPP and all related services provided by Treasury Secure hosting (TWAI) and disaster recovery Business process analysis Implementation support Data translation Vendor outreach Vendor enrollment Training (train the trainer) System enhancements and upgrades Help desk for agencies and vendors Page 6

IPP Benefits Saves taxpayer dollars Improves financial management Makes it easier to conduct business Page 7

Saves Taxpayer Dollars Saves money Available at no charge to you and your vendors Helps you avoid Prompt Payment penalties and capture early payment discounts Saves time You don t have to manually handle paper invoices Frees your staff from data entry, error correction and reconciliation Reduces phone calls and e-mails from vendors Page 8

Improves Your Financial Management Increased controls help you avoid improper payments and prevent overbilling Let s you use fewer resources to comply with the Prompt Payment Act Promotes standard process to manage government invoices Supports Treasury and OMB initiatives, such as the Shared First Complies with relevant Federal standards (e.g. FAR) requirements Page 9

Makes it Easier to Conduct Business Provides a consolidated view of all transactions in one place Supports your agency s business rules Compatible with your existing business systems Controls vendor access to transactions with a secure platform outside your core financial system Page 10

Using IPP is like moving from paper checks to online banking federal agencies can pay invoices faster using fewer resources. Sheryl Morrow, Commissioner, Bureau of the Fiscal Service U.S. Treasury Department Page 11

IPP Features Processes transactions between agencies and vendors from Purchase Order through Payment Notifications Accepts uploads of purchase orders and allows vendors to create invoices Uses agency defined business rules to screen invoices Workflow for invoice approval available Enables email notifications between agency and vendors Retains associations between POs, invoices and payment information Interfaces with agency systems via batch data imports/exports Presents remittance data (Payment Notifications) to vendors, including Treasury offset information Page 12

IPP Information Flow Page 13

Considerations Used with commercial vendors receiving payments Shares a central vendor directory across agencies Page 14

IPP Program Status

IPP is Proven to Work Live since November 2007 73 agencies use IPP and 5 are currently implementing IPP Over 82,000 enrolled vendors IPP processed nearly 51,000 POs and 229,000 invoices, and provided notification of almost 3.0 million payments in 2013 Page 16

Agencies Using IPP Federal Shared Service Providers Department of Agriculture National Finance Center (NFC) Department of the Interior Interior Business Center (IBC) - Acquisitions Division Department of the Treasury Bureau of the Fiscal Service - Administrative Resource Center (ARC) Departments and Agencies Architect of the Capitol Corporation for National and Community Service Department of Agriculture Department of Education Department of the Interior Department of the Treasury Social Security Administration Page 17

Agencies Implementing IPP Federal Shared Service Providers Department of the Interior Interior Business Center (IBC) - Financial Management Division Departments and Agencies Broadcasting Board of Governors Department of Justice Library of Congress FedLink United States Coast Guard Page 18

Invoices Processed 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 2007 2008 2009 2010 2011 2012 2013 2014 Number of Invoices Estimated Volume Page 19

IPP Improvements since FY2008 2008 3 releases 41 change requests 2010 3 releases 23 change requests 2012 1 release 12 change requests 2014 2 release ~22 change requests 2009 2 releases 10 change requests 2011 2 releases 21 change requests 2013 4 releases 31 change requests An evolving service: 17 releases containing 160 change requests from a growing pool of agency users. Page 20

Agency Requirements Complete agency implementation survey Sign agency participation agreement Establish and test network connectivity with the Treasury Web Application Infrastructure (TWAI) Set up batch import/export functions Conduct vendor outreach Set up IPP Copy vendor files to IPP and approve matches Page 21

Questions and Answers

Contact Information Peter Moore Agency Outreach Liaison 202-874-6578 peter.moore@fiscal.treasury.gov Pavita Murthi Program Manager 202-874-3685 pavita.murthi@fiscal.treasury.gov Page 23