Archive
Contents
1. New Procurement Credit Card Provider
2. Don't Forget the Date – Invoices and RFPS
3. Benefits of Partnership: Make eCat3 Your Portal
4. Travel News and Notes
5. VPF Points of Interest
6. Links and Contact Information – When You Need Help
1. New Procurement Credit Card Provider
After a lengthy negotiation, VPF Procurement entered into a contract with Bank of America to provide the MIT Procurement Credit Card (P-Card). The Bank of America card will replace the current card issued by GE Capital, which sold its Card Services business and will no longer be providing services under the MasterCard Brand.
Procurement will send additional details to cardholders and authorizers via interoffice mail soon. In the meantime, we ask that you alert the P-Card administrators to any changes in your contact information. You may send any changes to pcard@mit.edu.
2. Don't Forget the Date – Invoices and RFPs
Including the Receipt Date on both invoices and Requests for Payment (RFPs) submitted to VPF Accounts Payable is vital to efficient and proper processing of payments.
Note that the Receipt Date is the date on which goods or services are received. It is not the day on which an invoice is received.
This is a critical distinction, particularly when it comes to sponsored activities. When Accounts Payable staff members receive an invoice or RFP related to a sponsored account, they check to see that the receipt date is within the time frame of the sponsorship. If it is not, the charge is not allowed.
Accounts Payable staff members report that charges for sponsored activities are sometimes delayed solely because the receipt date was incorrectly noted.
3. Benefits of Partnership: Make eCat3 Your Portal
eCAT3, MIT's online purchasing portal, provides an efficient and user friendly experience for purchasing products from both partner and non-partner vendors. The portal streamlines the purchasing process by bringing vendors together in one place, providing the capability to search and compare hosted supplier products and allowing users to create and maintain supplier favorite lists. MIT requisitioners may access the site by using their MIT certificate and completing a one-time profile set-up.
eCat3 continues to evolve to meet the purchasing needs of the MIT community. VPF Procurement, which manages eCat3, is in the process of adding the following high-volume vendors to the portal: Beckman Coulter, Applied Bio Systems, BioRad, NE Bio Labs, Thorlabs, and Integrated DNA Technology to the portal.
By mid-2009, Procurement hopes to add Agilent Technologies, BD Biosciences, Creative Office Pavilion, ISC Bioexpress, MSC Industrial Supply, R&D Systems, Santa Cruz Biotechnology, and Strem Chemicals.
6. Links and Contact Information – When You Need Help
Web Links
| Area |
Web address |
| VPF Home Page |
|
| Accounts Payable |
|
| Accounts Receivable |
|
| Budget, Finance & Treasury |
|
| Cashier |
|
| Controller & Accounting Services |
|
| General Ledger Operations & Reporting |
|
| Insurance |
|
| Journal Vouchers |
|
| Lincoln Fiscal |
|
| Controller & Accounting Services |
|
| Payroll |
|
| Procurement |
|
| Property |
|
| Sponsored Projects Accounting |
|
| Tax |
|
| Travel |
Contact Information
| Financial Area |
|
| Accounting |
|
| Credit card payments |
|
| Department of Facilities billing |
|
| General ledger account changes & closeout of internal orders |
|
| Information Services and Technology billing (incl. telephone & network) |
|
| Journal vouchers |
|
| HR/Payroll:
|
Email: |
| Procurement:
|
Email: |
| Sponsored billing |
|
| Under-recovery of F&A |