Daycos News

Just as the recent transmission problems with CWA seems to be resolved, a new transmission problem involving DPS has appeared. During the last week, we have had over 1,400 invoices that have failed to move from the DPS system to the US Bank payment system, despite all line items being approved or denied. We first noticed the problem on Tuesday of last week with a small number of invoices, but the number has continued to grow each day.
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While many TSPs may be in the middle of peak season, or maybe even seeing the light at the end of the tunnel, we are just entering our …peak season. July, August, and September are traditionally the busiest months for invoicing, and we are expecting those months to be very busy this year. So we thought it would be a good time to take a look at some DPS invoicing payment times to see how they are looking heading into

In our recent newsletter, we posted the following chart displaying payment times in DPS vs. TOPS during 2009. This chart has generated considerable discussion from both the TSP and Government side, and there has been some discussion about the chart and what it really says about invoicing in DPS. We thought it would be helpful to offer a little context to the discussion, and share what we feel the take away is from this chart.

Obviously, the first thing that…