Payment

Vanderbilt’s standard payment terms were changed to Net 45 days in January 2009 and we must abide by those terms. We do however have some alternatives for suppliers that require shorter payment terms. Suppliers who accept credit cards can be paid on our One Card payment card vs check request. Suppliers… Read More

Vanderbilt’s primary and default payment method is by electronic payment. We currently offer the following electronic payment methods: ACH/Direct Deposit- This is the default payment method for payees holding “domestic” bank accounts in the United States.  The ACH Network is a nationwide batch-oriented electronic funds transfer system for the interbank clearing of electronic payments… Read More

As part of the Procure-To-Pay process, Payment Services manages Supplier purchase order payments and Non-Purchase Payment Requests(NPO) for the university. Note: Policies now reside on Vanderbilt’s University Policy Portal. Click the link to search the central hub for all official university-wide policies. Accounts Payable Corrections Policy… Read More

The current Vanderbilt University card program is a U.S. Bank issued, MasterCard branded, corporate pay-corporate liability, credit card that enables authorized employees to use the card for approved business-related expenses.  Payment Cards are the preferred payment method of most business related travel and small dollar purchases of goods and limited… Read More