Frequently Asked Questions

What is the Vendor Payment Program (VPP)?

The Vendor Payment Program or “VPP” is a State program started in December of 2012. The voluntary program is designed to expedite the time frame of payments to State vendors and service providers. Participation is simple, secure, and vendors receive 100% value of their receivables free of cost.

What is the Vendor Support Initiative (VSI)?

In the absence of full fiscal year State budgets for Fiscal Years 2016 and 2017, CMS has established the Vendor Support Initiative (VSI) as an alternative to the Vendor Payment Program. VSI allows vendors to receive the base invoice amount (less applicable offsets) of any agency-approved State invoice for essential goods or services that would be eligible for assignment through the Vendor Payment Program, but where no appropriation or other legal authority currently exists to pay the invoice. Where vendor payments are being made under appropriations (including those limited FY16 and FY17 appropriations enacted effective June 30, 2016), vendors wishing to assign eligible State receivables should use the Vendor Payment Program.

How do VPP and VSI differ?

Generally speaking, there is no fundamental difference between VSI and VPP. Both programs are bound to identical payment terms and timelines.The only significant difference is in how we acquire receivable data.

In VSI, we receive the data indirectly from you. You deliver to the State the receivables you wish to assign, and the State then transmits that data to us.

In VPP, we receive the data directly from the State. As part of the VPP registration process, we send to you the State’s Consent Form, which, upon your consent, allows the State to send us your eligible, vouchered receivables. We then, periodically, package all your eligible receivables on an Assignment Agreement and send to you for signature.

Do I have to assign ALL my eligible receivables under VPP?

No. The vast majority of our customers do elect to assign all their eligible receivables to us. Because of this, we package all receivables available to us on assignments before sending to you for signature. However, each assignment is entirely per your discretion on a per receivable basis.

If you wish to modify the list of receivables on any assignment, you may do so prior to signing the agreement by contacting us via email or phone.

I have outstanding VSI receivables assigned to VAP before July 2018. What happens to these receivable?

We will process payments on all receivables assigned to us as is our obligation per the executed Assignment Agreement.

Why should I use VAP? How is VAP different from other Qualified Purchasers?

Every Qualified Purchaser is bound to payment terms and timelines set forth by the State’s programs. VAP exceeds all other Qualified Purchasers in experience as well as volume of receivables processed through the State’s programs.

When does VAP receive my receivable data? What is the timeline for processing Assignments?

VAP receives and begins processing your receivable data after the receivables age 60 days. We start around day 60 in order to allow ample time for your Assignment review and State processing. While the Assignment may be processed before every receivable listed on the Assignment reaches 90 days old, receivables will only be assigned to VAP per State review upon individual eligibility (i.e., on or after day 90).

NOTE: Receivable aging is per the State’s “Proper Bill Date”, which usually differs by a few days from your invoice date. 

How can I assign my eligible receivables that do not appear on my Assignment Agreement?

Please contact VAP Customer Service. We will assist in confirming the receivable is (1) eligible to be assigned to VAP and (2) reported to the State Comptroller by the billing agency in a timely manner. If we can’t resolve the issue immediately, we will provide further guidance toward resolution.

What happens if a receivable assigned to VAP is paid by the State prior to Advance?

Once VAP has initiated the Advance transaction, we will process the rest of your payments in accordance with the Program.

If the State pays the receivable prior to the Advance, generally you will receive the payment directly. In cases where you do not, we will pass 100% of that payment on to you.

Should this occur, please do feel free to contact us so we can help you monitor payment receipt.s