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Payable Services

Mission

To ensure reimbursements and supplier payments are processed in compliance with requirements established by Federal regulations, State laws, University procedures and disbursed in a timely manner. We are committed to excellent customer service and are continually seeking to improve our processes.

 

University Payment Methods

The University has several payment methods available to suppliers including ACH/EFT, ePayables, paper checks and wire transfers. ACH/EFT and ePayables are the preferred methods of payment to suppliers, as both are automated. This is also part of our campus-wide effort to reduce paper waste and decrease the amount of time to pay our suppliers. Wires should only be used in exceptional circumstances such as foreign payments and real estate transactions.

What is ePayables?   With ePayables, once an invoice is approved for payment an electronic remittance advice will be sent to the supplier by email or fax, instead of a check. The remittance advice email will include statement-type information such as invoice numbers, dates and amounts for invoices. Payments can be retrieved with UD's designated account number that will be assigned to the supplier. The current procedures for invoicing, as well as any UD contacts, remain the same.


The University of Dayton's terms for payment are as follows:

  1. 2% 10, Net 30 Check or ACH: Payment to Supplier in 10 days and provides early payment discount.
  2. ePayables: A single-use credit card number is emailed one business day after invoice approval enabling our suppliers to get paid as fast as possible. JP Morgan secure email enables information security and peace of mind.
  3. Net 30 Check or ACH: If suppliers are unable to provide early payment discount or process credit cards, the University standard payment terms are Net 30.

Other Payments