Learn how to submit an invoice and your options for payments.
This article applies to vendors.
Click here to enroll in Payment Plus.
TABLE OF CONTENTS
What is Payment Plus?
The University of Denver (DU) offers an accounts payable solution to pay DU vendors with an automated Visa card payments, called Payment Plus. This solution provides improved process efficiency and working capital management, as well as reducing the cost of processing check transactions.
As a vendor of the University of Denver, it is preferred to issue vendor payments using the Visa Commercial Card instead of by check or other payment methods. Specific benefits of enrollment in the Payment Plus program include:
• Accelerated payment and improved cash flow
• Reduced paperwork and streamlined accounts receivable process
• Real-time notifications for each card payment
• Complete remittance detail to support efficient receivable posting
• No changes or modifications to the existing card acceptance procedures
Payment to vendors who participate in the Payment Plus program will allow, upon approval of invoices, significant payment acceleration. Effective July 1, 2017 the University of Denver's payment terms are :
- Payment Plus(Payable Immediately)
- ACH Net 30 (Payable in 30 Days)
- Checks Net 45 (Payable in 45 Days)
How it Works
Upon enrolling, vendors will receive an automated remittance email for each payment. These emails will contain a link to a secure web portal where the vendor will obtain a unique Visa credit card account number, the amount to charge, and the other pertinent details of the transaction needed to process and reconcile these payments. The credit card account will change with each payment so this information will not need to be kept on file.
Submit an Invoice
Vendor invoices can be submitted by emailing vendor-invoices@du.edu. Vendors can expedite payment by referencing the correct 8-digit purchase order (PO) number on their invoice and on all related documents. Payment for invoices missing PO numbers may be delayed.
If the invoice is not associated with a PO and is under $5,000 contact the DU department requesting services to have it paid via a purchasing card.
Vendors must be registered with DU in order to be paid unless paid by a purchasing card.
At this time, the university of Denver does not accept vendor registration/set up requests from suppliers who do not have an existing relationship with a DU department for services.
Payment Inquiries
- To inquire about the status of an invoice please contact University Financial Services at 303-871-7600.
- Email inquires can be sent to Payment Services. Please attach a copy of the invoice and purchase order number for faster service.