Missouri State University has launched an electronic accounts payable solution to pay our suppliers with automated Visa card Payments. Our goal is to optimize our commercial card program in order to improve process efficiency and working capital management, as well as reduce the cost of processing check transactions.
Specific benefits suppliers may experience when payments by Visa Commercial Card are made:
- Accelerated payment and improved cash flow.
- Reduced paperwork and streamlined accounts receivables process.
- Real-time notifications for each card payment.
- Complete remittance detail to support effecient receivables posting.
- No changes or modifications to your existing card acceptance procedures.
This is an important initiative for Missouri State University and, as such we expect support of our supplier community. We will be paying suppliers who participate in our payables automation program upon approval of invoices, which may result in significant payment acceleration.
How it works for Suppliers/Vendors: Upon enrolling, suppliers will be directed to access a secure website to obtain a credit card account which will be used for future payments. They will receive an automated remittance notification email alerting them of the amount to charge and other pertinent details of the transaction.
For questions please contact any of the departments below:
|Springfield Campus||Springfield Campus||West Plains Campus|
Office of Procurement Services
Missouri State University - West Plains
West Plains, MO-65775