Submitted by smurray10 on Jan. 6, 2023
Answer:
Paperless payments with Payment Plus will be contributing to UC Merced’s goal of improving payment efficiency, visibility, control, and UC Merced’s initiative of reducing paper checks and going green.
- Enhanced payment security – Payments are processed only when approved and only for the amount authorized, giving UC Merced enhanced security and the convenience of automated reconciliation
- Enhanced controls and compliance
- Provides efficiency – Increases staff productivity through payment automation and eliminates expenses related to check writing.
- Improved working capital position
- Improved supplier management
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