VPF Accounts Receivable (AR) generates monthly aging reports to identify invoices that are overdue for payment and initiates collection activities for bills that are more than 60 days late.
VPF recently launched a page on its website that provides information on the Small and Diverse Business Program, which aims to increase MIT’s engagement with small businesses and those with historically underrepresented ownership to provide goods and services to the Institute.
VPF Strategic Sourcing recently added Captions, Transcripts, and Subtitles as a new commodity to the Institute’s roster of Preferred Suppliers, and signed three new captioning agencies as Preferred Suppliers. This initiative was timed to support the MIT community to meet new guidelines on captioning and accessibility.