Sunday, October 24, 2021

Progress with PaymentWorks

PaymentWorks went live with Oracle on October 18th. That means we are nearing two full weeks using PaymentWorks for supplier management. 

Overall, PaymentWorks had a successful launch day: lots of invitations were sent out, minimal technical issues were reported, and two ACH payment files were transmitted to Bank of America. Here's a more detailed look at some of the stats from October 18th: 

  • 729 invitations to register were sent (some of these were during the previous week's soft launch)
  • 136 new suppliers and payees completed their registration 
  • Two ACH were successfully processed with Bank of America for a total of $1600
  • 150 pre-existing suppliers were invited to register with new payment methods and payment terms
  • Specialized training documentation delivered to clinical research/human subjects to purchase gift cards on Marketplace
  • Only 3 minor technical issues were reported, and fewer than 15 questions/issues were reported by schools and units
Make sure to keep an eye on this space for future PaymentWorks updates. To learn more about PaymentWorks,  head here for a list of resources. If you have any questions for the PaymentWorks Team, please send them to vendors@virginia.edu

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