To: University Business Managers, MOU Leads, RASG

From: Janet Rupert, Director of Accounts Payable and Travel Services

Starting immediately, the University requires all new campus vendors to complete appropriate business forms to conduct business with Carolina.  This change also applies to vendor modification requests such as address updates.

Reasons for the Changes: Formerly, vendors could choose to receive their payments electronically or by check. The requirement for the ACH form is to ensure a timely method of payment and reduce costs of check generation for campus payments.  The Vendor Master File Record Data Form was employed previous to this memo, but is being formally linked with 1218.1 Procedure on Determining Vendor Documentation for consistency.

*Historically Underutilized Businesses (HUB) are corporations, sole proprietorships, partnerships or joint ventures formed for the purpose of making a profit in which at least 51 percent ownership is by a woman, minority and/or service disabled veteran. HUB programs were created to promote full and equal procurement opportunities for small, minority- and women-owned businesses. State agencies and institutions of higher education use the HUB directory to solicit bids from certified HUBs.

For questions, contact vendor_coordinator@unc.edu.

Comments are closed.