Cash & Liquidity ManagementPaymentsElectronic/MobileUS Department of Veterans Affairs Moves to E-invoicing

US Department of Veterans Affairs Moves to E-invoicing

The US Department of Veterans Affairs (VA) has secured a federal mandate to move its suppliers to electronic invoicing (e-invoicing). The mandate is described as a significant step towards supporting the Improper Payment Elimination and Recovery Improvement Act (IPERA), signed by president Obama in January and aimed at a faster, more cost-effective and transparent payment process.

The VA, a US government-run military veteran benefit system is working with e-invoicing network OB10 on rolling out the system to suppliers so that e-invoices will go to the VA Financial Services Centre (VAFSC), which has worked with OB10 since 2007 to expand e-invoicing services.

“E-invoicing is the leading technological solution that eliminates error-prone manual processing and prevents improper payments,” said Clint Loeser, VAFSC’s director of financial operations. “Receiving e-invoices from suppliers ensures a faster, more cost-effective and transparent payment process.” 

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