This project represents the first coordinated, comprehensive and system-wide strategy to streamline disbursements, ensure consistent processes for campuses and suppliers and incentivize rebates / discounts.
With the implementation of Total Supplier Manager (TSM), Treasury and UPST have the opportunity to align payment strategies with advances in banking.
Primary Benefits:
- Reduction of high cost, and operationally inefficient payment methods
- Transfer risk to third parties with better controls
- Use payment terms more favorable to suppliers
- Net payment discounts & third-party rebate
Payment Tools:
- Existing Electronic Payment Programs
- Virtual Card
- Paymode-X ACH
- Zelle
Questions for the University:
For questions about Supplier Onboarding and/or Net Payment Terms at the University please contact upst@umassp.edu
For questions about University Payment Options please contact treasurer_epay@umassp.edu
Important Payment Information for New Suppliers
| University Preferred Payment Options | Net Payment Terms | Type of Supplier |
|---|---|---|
| Virtual Card | Net 15 (credit card processing fees may apply) | Domestic Entities |
| Paymode-X ACH Premium | Net 20 (1.5% Paymode-X-ACH network fee) | Domestic Entities |
| Zelle- future release | TBD | Domestic Individuals |
| Other Payment Options | Net Payment Terms | Type of Supplier |
|---|---|---|
| Paymode-X ACH Basic | Net 45 | Domestic Entities |
| Checks | Net 60 | Entities and Individuals |
| Foreign Wires | Net 45 | Foreign Entities and Foreign Individuals |
Preferred Payment Options
Virtual Card for Domestic Entities:
Paymode-X Virtual Card Benefits PDF
Join Paymode-X
Use the following link to enroll in Paymode-X https://go.paymode.com/umass/G-PR5YE6PB6
Paymode-X Enrollment Team – This team can assist with any questions about the enrollment process and setting up vendor membership. They can be reached at: 800-331-0974 or enrollment@paymode-x.com
Paymode-X Member Services – This team can answer any questions post-enrollment about a vendors membership detail, how to process payments, and pull reports. They can be reached at: 877-443-6944 or memberservices@paymode-x.com.
Paymode-X ACH for Domestic Entities:
Join Paymode-X
An authorized user in your organization can contact Paymode-X Enrollment Team. They can be reached at: 800-331-0974 or enrollment@paymode-x.com
Paymode-X Enrollment Team – This team can assist with any questions about the enrollment process and setting up vendor membership. They can be reached at: 800-331-0974 or enrollment@paymode-x.com
Paymode-X Member Services – This team can answer any questions post-enrollment about a vendors membership detail, how to process payments, and pull reports. They can be reached at: 877-443-6944 or memberservices@paymode-x.com.
Zelle Program for Domestic Individual Suppliers- Go Live Date TBD
Below is additional information about Zelle
Zelle Website: https://www.zellepay.com/
Zelle FAQ PDF
Zelle Tips for Safe Payments PDF