Procurement Transformation in Action

Moving Forward with Procurement Transformation

Completing the Paymode Transition

UVA is standardizing its ACH payment methods and will transition away from PaymentWorks to Paymode. This change streamlines electronic payments through a single ACH platform. The final discontinuation date for PaymentWorks will be shared in advance.

What’s Changing

• UVA will no longer issue ACH payments through PaymentWorks.
• Paymode will become the University’s standard ACH payment method.
• Suppliers will enroll directly with Bank of America for Paymode.
• UVA has negotiated a sponsored ACH option that is free to suppliers.
• Optional premium services are available through Paymode for a fee, if a supplier chooses to use them.

What’s Not Changing

• Invoice processing workflows remain the same.
• There are no changes to how payments are initiated in Workday.
• Departments do not need to take any action.

What You May Notice

Suppliers may receive outreach regarding enrollment in Paymode. If a supplier contacts you with questions, please refer them to the Paymode webpage for additional details or direct them to contact Ask Finance for assistance.

Questions?

We will communicate the final PaymentWorks discontinuation date in advance. In the meantime, if you have questions, please reach out to Ask Finance.  We’re happy to help.

Paymode details: https://uvafinance.virginia.edu/virtual-payments-sunsetting-paymentworks-ach 

More about Procurement Transformation: https://uvafinance.virginia.edu/procure-goods-services/procurement-transformation