All About Electronic Invoicing
Tufts Support Services (TSS) has partnered with Purchasing to develop an automated purchase order invoice payment system which will go in to effect July 16, 2018. Taking advantage of technology and proven electronic payment processes, the electronic invoicing (EI) payment system will scan invoices in to the EI system, match data to an existing purchase order and process the invoice directly into PeopleSoft with little or no manual intervention. The EI system provides an automated workflow process that is utilized to obtain invoice approvals where necessary.
This solution is far more efficient than our current paper based process, eliminating the shuffle of paper between departments and Accounts Payable, mail distribution delays, multiple people involved in the process and is transparent and efficient for those who originate and approve purchase orders and associated payments. In addition, we are leveraging the controls the university has within PeopleSoft and the university budgeting model to create less burdensome and timelier administrative work.
In order for all of us to take advantage of the EI process, it is important that all invoices come directly from the supplier to TSS (email@example.com), preferably in an electronic format and contain a valid Tufts PO Number. Prior to ordering from a supplier, it is imperative that department users 1) submit an on-line requisition, 2) obtain a PO number once the requisition is approved and 3) communicate that PO number to the supplier when placing the order. You can also ask TSS to handle the processing of the requisition on your behalf. Invoices lacking a valid PO number will be returned unpaid to the supplier (as they currently are).
TSS is very excited about this initiative being the first in a series to take advantage of technology; eliminating antiquated paper processes and providing on line, timely and transparent information. More information about the EI process will be forthcoming in the next week, including tip sheets and information about using the EI system.