The iBuy Digital Mailroom (DMR) has been fully operational for just over a year, and significant progress has been made for units, vendors, and University Payables (UPAY).
Check out this list of some notable accomplishments over the course of the year.
- More than 200,000 invoices and credit memos have been submitted through the DMR, making use of OCR technology to improve accuracy and efficiency
- Submitters (vendors or units) receive automated email confirmations when the documents are received, along with real-time notifications if documents cannot be processed
- Full iBuy invoice workflow is utilized, allowing over 60% of matched invoices to route directly from iBuy to Banner for payment
- Only unmatched invoices require review, enabling UPAY to use time and resources more effectively
- No more Banner receiving!
- Everything, from requisition to payment, is available within iBuy – creating a convenient “one-stop shop” for information
UPAY continues to collaborate with the DMR vendor to ensure invoices and credit memos are processed correctly and timely.
Additional Information
Updated information, including frequently asked questions about iBuy invoicing, is available on the Business & Finance webpages, Vendor Invoice Payment Process and iBuy. The job aid, How to Find an Invoice in iBuy, is also a valuable resource.
Contact
Questions about Digital Mailroom and iBuy invoicing may be submitted to University Payables using a Service Request Form.
