A Federal Register notice published by the US Treasury Department this summer has detailed the government’s intention to implement an Internet Payment Platform by the end of this month. This latest release comes almost exactly a year after the US government signaled its intention to implement an e-Invoicing solution to reduce costs and waste across its departments.
With the platform going live this month, all new payment requests for financial year 2013 will be processed electronically. The new centralised, web-based system promises to execute payment requests securely and more cost effectively than current paper-based systems. The e-Invoicing system will also help automate the internal workflows of the Treasury, with routing and approvals actioned automatically based upon various specified criteria.