Faster payments to Illinois Vendors for 100% of eligible invoices. VAP alleviates the impact of the state’s bill backlog and late payments by advancing 90% early plus paying the remaining 10% upon state invoice and penalty payment.
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Vendor Assistance Program LLC
Vendor Assistance
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Howard and Howard LLP
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Vendor Assistance Program (VAP) – Illinois Vendor Payment Program Qualified Purchaser | Home | vendorassistance.com Reviews
https://vendorassistance.com
Faster payments to Illinois Vendors for 100% of eligible invoices. VAP alleviates the impact of the state’s bill backlog and late payments by advancing 90% early plus paying the remaining 10% upon state invoice and penalty payment.
vendorassistance.com
Vendor Assistance Program (VAP) – Illinois Vendor Payment Program Qualified Purchaser | News
https://www.vendorassistance.com/Program/Illinois/Home/News
A Citibank financed Trust and Partner of the State of Illinois' Vendor Payment Program. VAP Vendor Assistance Program. The Wall Street Journal. A business of helping vendors with their cash flow issues. Vendors] get their money faster than they would otherwise.". Illinois' notoriously late payments often leave companies and nonprofits struggling. But a new private venture, Vendor Assistance Program LLC, is stepping in to help ease the pain caused by the state's multibillion-dollar backlog of bills.
Vendor Assistance Program (VAP) – Illinois Vendor Payment Program Qualified Purchaser | Company
https://www.vendorassistance.com/Program/Illinois/Home/Company
A Citibank financed Trust and Partner of the State of Illinois' Vendor Payment Program. VAP Vendor Assistance Program. Headquartered in Chicago, Illinois, The Vendor Assistance Program, LLC (VAP) purchases eligible Accounts Receivable from vendors of the State of Illinois for 100% of the underlying invoice value. For example, in Illinois, at the end of June 2010, the backlog of unpaid bills and fund transfers with the Illinois Office of the Comptroller stood at $4.7 billion, with an average delay in ...
Vendor Assistance Program (VAP) – Illinois Vendor Payment Program Qualified Purchaser | How It Works
https://www.vendorassistance.com/Program/Illinois/Home/HowItWorks
A Citibank financed Trust and Partner of the State of Illinois' Vendor Payment Program. VAP Vendor Assistance Program. 1) Register: It only takes 2 minutes. Click the link to the left to get started. 2) Sign Agreements: Our customer service representatives will guide you through the invoice assignment process. Please see below some highlights of the State's Vendor Payment Program Terms. A full version can be found here. Illinois Vendor Payment Program:. VAP encourages all organizations that provide goods...
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vendorassistanceblog.wordpress.com
Collections Strategies: When To Be Vocal | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2013/08/14/collections-strategies-when-to-be-vocal
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. August 14, 2013. Collections Strategies: When To Be Vocal. VAP’s Director of Accounting. While you are doing everything you can to get paid on time, there are accounts payable staffers whose job it is to push the envelope and figure out just how long they can use your money for. This process can go on for months and your company’s limit will be...
vendorassistanceblog.wordpress.com
Moving Collections to the Cloud? A Few Things to Consider… | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2013/09/20/moving-collections-to-the-cloud-a-few-things-to-consider
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. September 20, 2013. Moving Collections to the Cloud? A Few Things to Consider…. Cloud-based credit and collections hosting software solutions are, literally, the latest. But are they the greatest? If your organization values…. Predictable monthly capital outlay:. This could be an asset for a small business where all the principals travel a lot ...
vendorassistanceblog.wordpress.com
September | 2013 | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2013/09
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. Monthly Archives: September 2013. Moving Collections to the Cloud? A Few Things to Consider…. September 20, 2013. Cloud-based credit and collections hosting software solutions are, literally, the latest. But are they the greatest? If your organization values…. Predictable monthly capital outlay:. This could be an asset for a small business wher...
vendorassistanceblog.wordpress.com
October | 2014 | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2014/10
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. Monthly Archives: October 2014. Illinois Bill Backlog to Balloon to $6.4B in 2015. October 10, 2014. According to The Civic Federation. A fiscal watchdog group, the FY15 Illinois state budget, which began July 1, 2014, will boost the state’s backlog of unpaid bills to an estimated $6.4 billion, the first such increase in three years. Finance So...
vendorassistanceblog.wordpress.com
August | 2013 | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2013/08
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. Monthly Archives: August 2013. 5 Ways to Improve Working Capital. August 27, 2013. By The Vendor Assistance Program, LLC. Did you know that accounts receivable (AR) performance has been deteriorating? According to a Genpact paper. Delays in getting bills to clients. High rate of disputes holding up cash in AR. Implement good information systems.
vendorassistanceblog.wordpress.com
Finance Solutions for Illinois State Employee Group Health Insurance Plan | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2014/08/07/finance-solutions-for-illinois-state-employee-group-health-insurance-plan
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. August 7, 2014. Finance Solutions for Illinois State Employee Group Health Insurance Plan. VAP has seen significant demand in the Illinois State employee health insurance market. We are currently funding a majority of the fully insured plans under the Illinois Vendor Payment Program. Because of our dedication to customer service, we hav...Fill ...
vendorassistanceblog.wordpress.com
June | 2013 | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2013/06
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. Monthly Archives: June 2013. B2G: CMS FY14 Budget Growth Areas. June 27, 2013. The Illinois Department of. CMS), one of the State’s largest agencies, administers key functions of state government such as property management, IT, telecom, HR, employee benefits, purchasing, legal services, and vendor and employee diversity programs. Director Juli...
vendorassistanceblog.wordpress.com
August | 2014 | The Vendor Assistance Blog
https://vendorassistanceblog.wordpress.com/2014/08
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. Monthly Archives: August 2014. Finance Solutions for Illinois State Employee Group Health Insurance Plan. August 7, 2014. VAP has seen significant demand in the Illinois State employee health insurance market. We are currently funding a majority of the fully insured plans under the Illinois Vendor Payment Program. Because of our dedicat...Creat...
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Vendor Assistance Program (VAP) – Illinois Vendor Payment Program Qualified Purchaser | Home
A Citibank financed Trust and Partner of the State of Illinois' Vendor Payment Program. VAP Vendor Assistance Program. A business of helping vendors with their cash flow issues. [vendors] get their money faster than they would otherwise.". Accounts receivable financing for state vendors. We purchase eligible invoices and pay 100% of the base amount due, advancing 90% within 10 days of assignment. There's no fee to register. Enter basic information on your organization. It only takes two minutes!
vendorassistanceblog.wordpress.com
The Vendor Assistance Blog | The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC.
The Vendor Assistance Blog. The Source for Information on Illinois' Vendor Payment Program from the First Qualified Purchaser, The Vendor Assistance Program, LLC. The Illinois Income Tax Rate’s Impact on the Bill Backlog. January 2, 2015. The Wall Street Journal reported. 8220;State forecasters have projected that tax revenues will decline because of the falling rates by $2.1 billion in the current fiscal year and an additional $2.7 billion in the new fiscal year starting July 1.”. The sharp increase ove...
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