Wednesday, January 15, 2014

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MSG Awarded Contract to Deliver Benchmark Analysis for the U.S. Treasury's Invoice Processing Plaform

MSG is pleased to announce that it has recently been awarded a contract by the Federal Reserve Bank of Boston (FRBB) to provide a benchmark analysis of cost savings for the U.S. Treasury's Invoice Processing Platform (IPP). The IPP IPP is a centralized, secure, Web-based service that accepts, processes, and presents transaction data from agencies and vendor systems related to all stages of electronic order-to-payment processing: purchase orders, invoices, approvals, and ACH payment information, including aftermath activity such as partial payments, debt offsets and returns.

Invoicing for many agencies is still a paper-heavy business function. As a result, there remains a significant potential to drive savings to the bottom line of agencies through the use of IPP. The objective of MSG's analysis will be to identify the full costs of paper-based invoicing, to compare these costs to electronic invoicing,and to identify the potential cost savings of using IPP.

Manhattan Strategy Group
Main Office
8120 Woodmont Ave, Suite 850
Bethesda, MD 20814

O 301.828.1515
F 301.828.1506
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