mfmp u vendor understanding the transaction fee v1

Click here to load reader

Post on 07-Apr-2022

0 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

MFMP U Vendor Understanding the Transaction Fee v1Agenda
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
Agenda
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
Overview of MFMP
• MyFloridaMarketPlace (MFMP) is the state’s online purchasing system and continues to be a significant tool for buyers and vendors of the State of Florida.
• MFMP provides a source for centralized procurement activities focusing on best practices and maximizing the state’s buying power to support efficient government.
• MFMP prides itself on public and private partnerships making procurements easier and faster for both buyers and vendors.
• Ability to submit invoicing electronically (eInvoicing).
• Single registration that enables vendors to receive notifications for all state agency solicitations by commodity code.
• 24/7 access to bid opportunities and information through: – Vendor Bid System (VBS)
– Sourcing
– eQuote
• Green catalog and product listing options.
MFMP Vendor Benefits
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
• Through Rule 60A-1.031 of the Florida Administrative Code (F.A.C.), the use of the fee was extended to transactions processed through the MFMP system.
– Rule 60A-1.031 F.A.C
• Provides funding for the eProcurement system and purchasing oversight that benefits the state and business community.
• All business conducted with State of Florida agencies is subject to a transaction fee unless specifically exempt by Rule.
• Provides vendors with electronic access to state buyers and vendor outreach / support activities.
• There is no charge for vendors to register in MFMP.
What is the Transaction Fee?
Definition of the Transaction Fee
Transaction Fee Update
In accordance with Senate Bill 2502-A, the current imposed 1% transaction fee will be
reduced to 0.70%, effective November 1, 2015, through July 1, 2016.
• Transaction fee reporting system – MFMP’s online system for reporting and tracking of transaction fees. Accessed through the MFMP Vendor Information Portal (VIP).
• Consolidated billing invoice (CBI) – CBIs provide your vendor invoice number, the State of Florida's order number, the total amount of the payment, the date the payment was issued, and the total amount due for each transaction fee eligible payment issued.
• State term contract (STC) – As defined in Section 287.012(27), Florida Statutes (F.S.), "State term contract“ is competitively procured by the department pursuant to Section 287.057, F.S. and that is used by agencies and eligible users pursuant to Section 287.056, F.S..
Terms and Definitions
• Alternate contract source (ACS) – Contracts competitively established by other governmental entities. In MFMP, an ACS is deemed to be a STC.
• Non-State Term Contract Vendor – Any vendors providing goods or services to a state agency not on a statewide contract.
• Other Eligible Users (OEU) - Government entities who
are eligible to purchase from a State Term Contract (for example, counties, cities, colleges).
Terms and Definitions
• The transaction fee is required to be paid to the State of Florida by the 15th of the month.
• Reports and transaction fee payments are based on fee-eligible payments that the vendor received the prior month.
– For example, payments that the vendor received in March should be included on the vendor’s April transaction fee report and April transaction fee payment.
• Payments are accepted via check, money order, cashier’s check or debit automated clearing house (ACH) otherwise referred to as an electronic funds transfer (EFT).
• If paying by check, money order or cashier’s check, please submit your method of payment made payable to:
MyFloridaMarketPlace P.O. Box 5497 Tallahassee, FL 32314-5497
• If you choose the ACH payment method, please contact MFMP at [email protected] or 1-866-352-3776 to obtain the required form.
• Please record the Federal Tax Identification number, company name, and the Consolidated Billing Invoice (CBI) number on the payment to ensure the payment is posted to the company’s account.
Payment Terms
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
• All vendors must pay the transaction fee to MFMP when receiving a fee eligible payment from a State Agency or OEU.
• CBIs for non-STC vendors are generated in the vendor's VIP account on the 2nd of each month following the month a vendor receives payment for the goods and services they provided.
• CBIs for STC vendors are generated in the vendor's VIP account on the 2nd of the month during the contract period. STC vendors must then submit a self-report every month for fee eligible payments (a $0 report should be submitted if there were no payment received for the previous month).
Viewing CBIs
Viewing CBIs
• Vendors may access CBIs by selecting the “View/Edit My Consolidated Billing Invoice (CBI)” menu option.
• Vendors should review their CBI to ensure that all payments received are correctly reflected on their CBI.
Viewing CBIs
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
• Vendors may submit transaction fee reports by selecting the “Submit My Transaction Fee Report (PUR 3776)” menu option.
• Please confirm your billing and collections information on the "Billing Entity Information" page.
Submitting Transaction Fee Reports
Submitting Transaction Fee Reports
Submitting Transaction Fee Reports
• Complete the fields in the “Report Entry” areas for all fee eligible payments received and then click “Continue”.
• It is important to enter the state term contract number exactly (with dashes). For example: “973-000-14-01” would be entered for the Management Consulting Services contract.
Transaction Fee Reports for STC Vendors
• The final page of the report is the Summary page. If you agree with the information as presented, select the "I Agree" button at the bottom of the page.
• Upon successful completion of the form, the system will give you a confirmation number.
Transaction Fee Reports for STC Vendors
• Complete the fields in the “Report Entry” areas for all fee eligible payments received and then click “Continue”.
• Additional fee eligible payments reported by non-STC vendors are provided in a summary amount (and not have be specified by contract or invoice).
Transaction Fee Reports for Non-STC Vendors
• The final page of the report is the Summary page. If you agree with the information as presented, Select the "I Agree" button at the bottom of the page.
• Upon successful completion of the form, the system will give you a confirmation number.
Transaction Fee Reports for Non-STC Vendors
• Please note that both STC and Non-STC vendors are required to submit reports for payments received and/or not previously reflected on their CBIs.
• Vendors should self-report all eligible payments received from the state under their Tax ID. This includes payments of eligible agency contractual services and payments associated to statewide agreements from OEU.
• MFMP does check to ensure that vendors have self- reported correctly and may send notifications to vendors if a self-report is missing or was submitted incorrectly.
Accuracy of Transaction Fee Reports
Agenda
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
Payment Details
• Both transaction fee reports and payments are due on the 15th of the month following the month of payment.
• Vendors may pay via check, money order, ACH, or cashier's check. – Please include the registered business mailing address and other
important information like a company’s Tax ID or the CBI number.
– It is very important to keep email addresses up-to-date in VIP because it is the primary form of communication should there be an issue.
• When MFMP receives a payment from a vendor, the payment amount is applied to the oldest outstanding invoice.
Late Payments
• All payments are due on the 15th of the month following the month of payment.
• MFMP sends out 30, 60 and 90 day late payment notices to the emails listed in the VIP account.
• After 120 days, the account is submitted to a collections agency for payment.
Agenda
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
Transaction Fee Exemptions
Level Description
Vendor If a vendor is a non-profit or government entity, they are generally exempt from the transaction fee. If the vendor is not required to register in MFMP, the vendor may also be exempt from the transaction fee.
Contract An exemption that applies to all transactions (purchase orders or disbursements) conducted with a vendor for a specific contract within an agency. An agency must flag a contract as exempt from the transaction fee by completing the Contract Exemption eForm.
Transaction Agencies can indicate that all or a portion of the transaction is exempt from the transaction fee. When a transaction is exempt, the agency must check the Fee Not Eligible box of the requisition/invoice and select the appropriate reason code.
• The transaction fee applies to all transactions that are not specifically exempted in Rule 60A-1.032, F.A.C.
• The below table explains the three levels of exemptions to the transaction fee that may apply to a particular vendor or specific purchase.
Transaction Fee Dispute Process
• If a vendor believes the transaction fees were assessed in error, there is a dispute process to follow. You must complete a dispute form in its entirety.
• When completing the form, identify the CBI number(s), PO number(s), total payments and the amount of the transaction fee you dispute and the reason(s) for the dispute.
• Upon completion of the document, e-mail the Word document to: [email protected] .
• MFMP verifies the information is complete and emails the form to the applicable agency’s Purchasing Director / Dispute Liaison for a decision.
• The agency approves / disapproves.
• The agency notifies MFMP of their decision.
• The MFMP CSD notifies the vendor of agency decision and updates VIP account if appropriate.
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
FAQs
• How should I calculate my fee If I receive a payment on October 31, 2015? – Any payments received on or before October 31, 2015 will assess a 1%
Transaction Fee. Any payments received on or after November 1, 2015 will receive a 0.70% Transaction Fee. These fees will appear on December’s CBI.
• Will the Transaction Fee reduction apply to State Term Contracts? – Yes, the new Transaction Fee will apply to both State Term and Non
State Term contracts.
• Will the Transaction Fee reduction affect the way I submit my Transaction Fee reports and payments? – No, you will still submit your reports and payments by the 15th of
every month following the month of payment.
Additional FAQs
• Will the Transaction Fee reduction affect my fee exclusion status? – No, as long as your business meets the exclusions in Rule 60A-1.032.
• Will fees associated with outstanding invoices convert to the new rate? – No, you will still be responsible to pay the 1% Transaction Fee on any
payments received before November 1, 2015.
Helpful Hints • Sign up for voluntary monthly transaction fee notifications.
1. Access your VIP account
2. Select Locations and Contacts in the left side navigation list
3. Select Edit on the appropriate location
4. Under Billing Contact section, check the check box below Confirm Billing Contact e-mail Address that states:
– Yes, I would like to receive monthly e-mail notifications from the state reminding me to pay my transaction fee
– Save and Exit
• Consider using an email or web based calendar to set up reminders for submitting reports and payment to MFMP on a monthly basis.
Agenda
• Viewing CBIs
• Submitting Transaction Fee Reports • State Term Contract Vendors • Non-State Term Contract Vendors
• Payment Processing • Transaction Fee Dispute Process • FAQs and Helpful Hints • Resources
Resources • The State of Florida Chief Financial Officer Payment History
website http://flair.dbf.state.fl.us/dispub2/cvnhphst.htm can assist vendors with what payments were made to them by the State of Florida.
– Payment information is updated each evening on the Vendor Payment History Web site.
– When you access the Vendor Payment History Web site, you will need your FEIN / vendor number.
• If you have questions about a payment, you may also contact the DFS Vendor Ombudsmen Section at (850) 413-5516.
• Florida Statutes:
arch_String=287.012&URL=0200-0299/0287/Sections/0287.012.html
• http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Se arch_String=287.057&URL=0200-0299/0287/Sections/0287.057.html
– Section 287.056 F.S. Purchases from purchasing agreements and state term contracts.
• http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Se arch_String=287.056&URL=0200-0299/0287/Sections/0287.056.html
• Fax: (850) 414-8192