PaymentWorks
RISD has adopted the PaymentWorks solution to streamline and manage the supplier onboarding process by reducing manual tasks and the significant time and risks associated with them.
Timeline: PaymentWorks is ready to use now, we have been soft launching and testing it for several months. Once employees have taken a session or thoroughly reviewed the
Intro Deck, they can start using PaymentWorks.
AP will accept submissions for new suppliers from both the Workday "Create New Supplier Request" task and PaymentWorks until 6/3. After 6/3 all requests must be processed in PaymentWorks (excluding credit card suppliers, which will remain in WD).
What is changing?
Conventional Supplier Requests can now be done in PaymentWorks (rather than Workday)
This allows for:
- Quick Turnaround (average 2-days to set-up) *dependent on supplier
- More Transparency - Online Portal provides visibility to entire registration process
- Automatic Email notifications when supplier is set-up
- NEW ACH payment options
- NEW Fraud Controls