Payment Terms

Strategic Sourcing - Payment Services makes every effort to ensure timely processing of payment requests:

1. Checks are issued twice a week.
2. Payment is considered to be complete on the day the check is issued.
3. If check pick-up is requested, it must be approved by the Associate Director of Procurement to Payment Services in advance.

The average processing time for payment requests depends on the transaction type:

• Purchase Orders are paid within 30 days of invoice date. Purchase order invoices can be submitted to Strategic Sourcing - Payment Services by the supplier or department using the e-Invoice portal.
  
  Important: An invoice uploaded to the Requisition in FTS will serve as backup documentation for the request. The invoice will not be forwarded to Strategic Sourcing - Payment Services for payment.
  
  
• Direct Payments are paid within two weeks of receipt in Strategic Sourcing - Payment Services.
• Employee/Student Reimbursements are paid within two weeks of receipt in Strategic Sourcing - Payment Services.
• Travel Reimbursements are paid within two weeks of receipt in Strategic Sourcing - Payment Services.

Payments may be delayed if:

• The supplier has not registered through PaymentWorks
• The supplier has not been entered in CFS
• Supplier information is being verified by PaymentWorks
• Supplier information is being reviewed by Strategic Sourcing - Payment Services