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.