FAQ: What is Set-Off Debt Collection?
The Virginia Department of Taxation originally established the Set-Off Debt Collection Program in 1983. At that time, the program collected outstanding tax debts to individuals and businesses. By 1990, the state program expanded to add the Comptroller’s Vendor Debt Set Off (CDS) Program. Under the CDS, vendor payments are targeted to offset debts owed by […]
Eliminating the Middleman: Invoices
Did you know that vendors can submit invoices directly to RealSource? By initiating a purchase order (PO) first, vendors are provided with clear instructions on how to submit their invoices directly to RealSource for payment. This means your only responsibility is to receive the goods or services. When vendors send their invoices on their own, […]
The More You Know: Amazon Pricing Dynamics
Approving purchase orders (POs) promptly is crucial when dealing with Amazon’s pricing dynamics due to the frequent price fluctuations on the platform. Amazon adjusts prices based on demand, competition, and other factors, which means the cost of items can change multiple times a day. If a PO is not approved quickly, the price of the […]
Advance Payment Guidelines for VCU
Question: Can I pay in advance or make a deposit? Answer: Virginia agencies generally can’t pay in advance, but VCU has some flexibility. Although we usually advise against it, advance payments are possible under certain conditions. Advance Payment Requirements for a P-card:
Crisis Averted: Mastering Supply Chain Resilience Amid Dockworker Strikes
The recent strike by US dockworkers has caused major disruptions in ocean shipping, affecting almost half of the country’s maritime trade. This incident highlights the importance of timely operations in finance, as delays can result in significant economic setbacks. To reduce such risks, starting procurement processes early is crucial. Our committed team is here to […]
Quick Tips: Change Orders
Here are some quick tips regarding Change Orders in RealSource! Questions or comments? Email: [email protected]
Save the Date! RealSource Brown Bag Session
Saddle Up for the “RealSource Rodeo: The Search Feature Showdown!” When: October 9, 2024, 12PM-1PM Where: Virtual/Zoom (RSVP for link) Prepare for an exciting journey that explores how to effectively navigate the powerful search feature in RealSource. This presentation will be facilitated by Patricia Shazer, Assistant Director of Business Solutions for Procurement Services. Dive into this session and […]
Open Virtual Office Hours – Tuesdays 1pm-2pm
Join us for our weekly virtual open office hours! Every Tuesday from 1pm to 2pm, Procurement Services cordially invites you and your colleagues to join our open office hour.This is a fantastic opportunity for you to ask questions, clarify processes or policies, and seek guidance directly from our procurement specialists. Zoom link: https://vcu.zoom.us/j/83222627734.
FAQ: When should I Use an Independent Contractor Agreement (ICA)?
Generally, an Independent Contractor Agreement (ICA) is a contract that frames the terms of a working relationship between a client and an individual. For VCU, that agreement serves as a method of obtaining services from a person, not a business, who is not connected to VCU as an employee, student-employee, or some other business relationship. The individual […]
Chrome River is becoming Emburse Expense Enterprise
Change is coming to Chrome River Emburse! You’ll begin to see the new product name, Emburse Expense Enterprise, appearing across all customer touchpoints, starting with the Emburse website. We want to reassure you that the functionality and features you rely on will remain unchanged. If you have any questions, feel free to reach out to […]
