Financial Management

Accounts Payable Services

Improving Your Accounts Payable Practices

We help federal agencies improve their financial management practices and avoid Prompt Payment penalties. The key to our success is our ability to provide accurate, strategic commercial accounts payable and non-payroll employee reimbursement services through the federal Invoice Processing Platform (IPP).

IPP supports more efficient invoice processing by automating purchase orders, invoice collection, validation, and approvals. Through this standardization, you can have more control over your accounts payable. IPP allows customers to have easy access to their orders and invoices. This allows management to control their payables and correct issues as needed.

Our full-service accounts payable services include:

• Commercial invoice processing with voucher examination and compliance with Prompt Pay regulations
• Non-payroll employee reimbursements, such as transit subsidy reimbursement
• Confidential payment processing for employee settlements and claims
• Processing of obligations not processed through acquisition offices
• Post-payment invoice corrections
• Weekly reporting to stay on top of invoices not reviewed and approved
• Monthly post payment audit reporting to evaluate performance
• IPP help desk support and system administration.

Our key performance metrics hold us accountable to our customers. We're committed to transparency, and we consistently meet or exceed our Key Performance Standards, listed below.

Key Performance Standards

Metric	Measurement	Standard / Target
Prompt Payment	Percentage of payments made in accordance with the Prompt Payment Act, when agency provides payment approval at least 5 business days before the due date	99.7%
Proper Payments	Percentage of proper payments, excluding customer errors	99.7%
Discounts Taken	Percentage of available discounts taken when properly approved invoice is received 3 business days before the discount date	99%