Western accelerates small business payments

Starting Feb. 1, Western offices in five states and serving customers in 15 states halved payment times to small businesses from 30 to 15 days.

“The new process is working well. Only the Accounts Payable office and purchasing approving officials were impacted,” said Corporate Services Office Fiscal Operations Manager Lynn Hahn. “To most employees involved in procurement or payment of invoices, the process is transparent.”

Western implemented the new process in response to a September 2011 Office of Management and Budget memo, which mandated agencies to accelerate payment dates to small business contractors 15 days after receiving the required documentation instead of the 30-day payment cycle under the Prompt Payment Act.

Check out more at Western’s Newsroom.

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