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Introduction
Requests for Payment are completed when a payment is due to an individual, vendor, company, firm, or other organization outside the University that has provided, or will be providing, a product or service to the University. If the payment is for services rendered or goods purchased in the past, the payment will reference the invoice(s) provided to the University from the issuing company. If the payment is for future services or goods, the Request for Payment will refer to applications or other forms associated with the purchase or service provided by the issuing company.
If expenses total $25,000 or more, payments must be made via a Purchase Order.
Paymerang
(ask Gen at Paymerang if we can use their logo here like Seattle U)
Effective December 2023, Seattle Pacific University has partnered with Paymerang to provide streamlined payment processing to its vendors. Payments will be primarily issued via Paymerang as the preferred route of issuing, confirming, and reconciling vendor payments. This transition has no effect on established purchasing policies and is expected to improve our vendor experience and improve efficiency for all stakeholders by providing:
Enhanced payment delivery
Paymerang specializes in quick processing and delivery of payments; including check printing and mailing, credit card processing, and large ACH batch processing. Paymerang’s support team provides a quick turnaround to a vendor’s receipt of payment and provide dedicated support to resolve any issues.
Expanded vendor payment options
Vendors work directly with Paymerang to select and opt into whichever payment method fits their business needs including:
Check
ACH / Direct Deposit
Credit Cards
If vendor is a CURRENT vendor in the Paymerang Network, then the vendor's payment method is already established.
For vendors NEW to Paymerang Network, first payment will be by check. After first payment by check, vendors work directly with Paymerang’s enrollment support team by email or phone to select and opt into whichever payment method fits their business needs.
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Vendors may contact Paymerang’s enrollment support team by emailing support@paymerang.com or by calling 877-680-7332.
Increased savings, process efficiency, and greener carbon footprint
More electronic payments reduce our consumption of paper check stock, mailing services, as well as efforts dedicated to issuing, reconciling and managing the processing of payments. Paymerang also provides quarterly rebates that offset the cost of the service and provide substantial savings back to the university. (Do we want to keep this statement in?)
Table of Contents
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