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To: Deans, Directors and Department Chairs; Campus Unit Finance Leads; University Business Managers
From: Jen Clark, Director of Accounts Payable and Vendor Services

UNC-Chapel Hill has selected PaymentWorks, a cloud-based supplier onboarding solution, to manage supplier registrations and information. PaymentWorks provides an easy-to-use web portal that will allow campus departments to invite potential suppliers to complete an online onboarding process and become a University supplier.

Through PaymentWorks, suppliers will now have a streamlined and secure process for:

  • Managing their profile and contact information
  • Securely entering and updating their banking information
  • Selecting their preferred payment method
  • Viewing payment status and history
  • Updating important documents such as tax, insurance and other certifications

Additionally, University staff will no longer be tasked with collecting confidential information and performing supplier verification, as PaymentWorks will validate supplier banking and company information. PaymentWorks will also help mitigate risk by assessing if any transaction is potentially fraudulent. In some cases, PaymentWorks may reach out and speak with a supplier to confirm necessary data. The shift to PaymentWorks will not change the University’s purchasing processes.

PaymentWorks will be launched to the University in July, and additional information about initiating supplier invites, computer-based trainings, and drop-in help sessions will be made available to campus users.

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