Our mission is to provide quality services to the campuses in a professional manner, utilizing the advantages of economies of scale in reducing costs and increasing quality wherever possible. The Treasurer’s Office has sole responsibility for all traditional treasury finance functions of the University of Massachusetts including managing all financial institution relationships, external portfolio managers, securities investment, cash management, and bank reconciliation. In addition, the Treasurer’s Office provides services in the areas of tax administration, policy development, risk mitigation, and insurance and claims administration for the five campuses. The Treasurer’s Office has additional responsibilities for check production along with payroll deduction disbursements.
Accounts Payable Checks: Note to Campus Staff
March 20, 2020: UPST will no longer automatically be processing requests from campus departments to flag an AP vendor check in the system to be returned to the campus. Instead, when such a request is received, UPST will reach out to the requestor to determine if the check can be direct mailed to the vendor, or if it needs to be placed on hold until alternative arrangements or business processes can be put in place.
Starting March 23, 2020: all student checks produced from the AP Pay cycle will be direct mailed until further notice. All campuses should strongly encourage students to utilize direct deposit for these payments.
We will continue to work closely with the applicable staff on your campuses throughout this transition.