E-payment guidelines.docx

The document outlines guidelines for E-Payment processing within an organization, emphasizing the benefits of electronic payments over traditional check payments. It discusses the automated functionality in SAP for E-Payments, the requirements for vendors to complete an EFT Application and Authorization form, the preferred ACH option over wire transfers, and the setup process for establishing E-Payment arrangements with vendors. Daily E-Payment processing procedures are detailed, including invoice processing methods, submission of OIRs, and the E-Payment processing timeline. The document also covers the transition to daily E-Payment processing, the timeline for vendor credit, the importance of email notifications to vendors, and the go-live date for the new system.