Contact: spaccollections@umaryland.edu

The Collections and Accounts Receivable (CAR) Team has been embedded in another team for a long time.  SPAC felt it needed its own stand-alone structure so that more focus could be put on the collection of revenues for the departments.   There are two succinct areas:  Collections and Accounts Receivable

• Collections (C )
• Review aging report
• Monthly report contacting sponsors, dept for payment.
• Issue dunning letters to sponsors.
• Maintain and update vendor registration and ACH forms.
• Maintain and update collections payment plans.                   

• Accounts Receivable (AR)    
• Claim, process and apply payments from UMB’s central clearing accounts for all sponsored project invoices. 
• Research payments without adequate reference information.