New Supplier Management System (PaymentWorks)

The Finance department is excited to announce that we will soon be implementing PaymentWorks, a new supplier management system. Implementing this system will allow campus to invite their new suppliers without going through the University’s procurement system, BobcatBUY. This means quicker turnaround times on setting up purchase orders with your suppliers.

Campus departments will no longer be tasked with collecting confidential information from their suppliers. Registering with PaymentWorks allows suppliers to set up a profile and manage their account as any of their information changes. Suppliers will also be able to upload all necessary documents such as tax information, OPERS Independent Contractor Acknowledgement, and any insurance documentation. Through their profile they will also be able to see their invoice and payment information and history.

Additionally, PaymentWorks will do all supplier verification tasks such as tax ID, addresses, and bank account information. They will also run all supplier checks against needed sanction lists for the University and continually monitor them throughout the life of the partnership. PaymentWorks will also reduce the University’s security risk by indemnifying all payments that are made through their system.