Purchasing Insight asks – is this the tipping point for e-invoicing?

There's been a lot of talk - and some action - in the field of e-invoicing over the last few years. But maybe now, we have reached what the insightful Pete Loughlin at Purchasing Insight feels may be a "tipping point".

The U.S. Department of the Treasury is mandating that all Treasury Bureaus implement the Internet Payment Platform (IPP), an electronic invoice processing solution, by the end of fiscal year 2012. This new initiative supports the President's “Campaign to Cut Waste” across the federal government and commercial vendors will be required to submit their invoices using IPP by the end of 2013.

This is predicted to save some 50 percent or $450 million annually from the cost of handling invoices. The whole of the press release can be read here, and the full Purchasing Insight blog on the topic is here.   And I'm sure we'll come back to this topic again.

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