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Home > About IAE > How IAE Benefits Buyers, Suppliers and Citizens
How IAE Benefits Buyers, Suppliers and Citizens
Through adoption of the tools and services provided by IAE, agencies improve their ability to make informed and efficient purchasing decisions. Use of the IAE common functions and services allows agencies to focus on agency-specific needs such as strategy, operations, and management while leveraging shared services for common functions. Use of a governmentwide business focused service environment reduces funding resources for technical services and support for such acquisition systems housed by individual agencies.
The IAE provides common acquisition functions and services that benefit all agencies, such as the maintenance of information about business-partner organizations, for example, banking, certifications, business types, capabilities, and performance. The IAE provides benefits to the government and business-partner organizations by improving cross-agency coordination that helps to improve the government’s buying power, while providing business partners maximum visibility and transparency into the process. IAE has also made the federal acquisition process more transparent for citizens.
Government buyers can:
- Search for commercial and government sources
- Post synopses and solicitations
- Securely post sensitive solicitation documents
- Access reports on vendors’ performance
- Retrieve vendor data validated by SBA and Internal Revenue Service (IRS)
- Identify excluded parties
- Report contract awards
Business suppliers can:
- Search business opportunities by product, service, agency, or location
- Receive email notification of solicitations based on specific criteria
- Register to do business with the federal government
- Enter representations and certifications one time
- Revalidate registration data annually
- Report subcontracting accomplishments
Citizens can:
- Retrieve data on contract awards
- Track federal spending
- Search to find registered businesses
- Monitor business opportunities
The estimated benefits, cost effectiveness, and cost avoidance for the IAE initiative were included in the E-Gov 2009 “Report to Congress on the Benefits of the President's E-Government Initiatives.” The report provides the benefits, cost effectiveness, and cost avoidance of the IAE initiative by agency. The contributing agencies received estimated benefits of over 7.8 million hours saved in completing over 18 million recorded acquisition business process transactions. The contributing agencies received estimated benefits of $396,480,257 based upon the processes, personnel, roles, steps, and actions involved. Additionally, agencies realized an estimated cost avoidance of $5,649,656 and estimated operational cost savings of $30,820,828.
Agencies benefited from using the D&B business services to ensure they received the services needed to support their business activities with outside organizations that receive contracts, loans and grants. IAE leveraged governmentwide reporting requirement to make cost-effective purchasing of services, specifically for the unique identifier service required for all federal funding to entities. This allowed agencies to meet the FFATA requirements. It also enhanced transparency of federal funding, loans and grants solicitations, and program performance information.