|
|
Welcome to the latest edition of BFS Insider News, featuring important updates, reminders, and resources from across Business & Financial Services. |
|
|---|
|
Effective September 1, 2026, UCR’s departmental low-value purchasing threshold will increase from $10,000 to $15,000 for qualifying routine, low-risk purchases.
UCR issued Policy 750-05, Campus Procurement of Goods & Services, which consolidates existing campus procurement guidance into a single policy. Updated thresholds in Oracle Procurement and the increased Procurement Card single-transaction limit will take effect September 1.
Required reviews and approvals still apply, including Procurement Services review for services, software, SaaS, cloud services, PCard restrictions, and other higher-risk purchases.
|
|
|---|
|
PCard Session this Friday!
Join us this Friday, August 28, from 1:00–1:45 p.m. for a practical refresher on UCR’s Procurement Card Program. We’ll cover when to use the PCard, key policy requirements, Concur reconciliation, sales and use tax, common errors, reports, and helpful resources. Join the Session. |
|
|
|
|
Oracle 26C Updates
Oracle Procurement has been updated with the 26C release. Oracle Requisition users should watch the short update video to become familiar with changes that affect purchasing activities. |
|
|
|
|
|
Hertz U.S. Rental Vehicles May Not Be Driven into Mexico
Hertz has updated its cross-border rental policy. Vehicles rented from Hertz locations in the United States may no longer be driven into Mexico. Travelers may continue to rent from Hertz locations within Mexico, subject to applicable rental terms and requirements. Eligible cross-border rentals between the United States and Canada are not affected by this change.
|
|
|---|
|
Traveling to Mexico? A Reminder About Vehicle Use
Separate from the new Hertz policy, UCR travelers should also remember that U.S.-origin rental vehicles should not be driven into Mexico, and University-owned vehicles should not be taken across the border due to insurance limitations and security considerations.
For UC business travel to Mexico:
- Arrange transportation across the border and rent a vehicle in Mexico if needed.
- Purchase the appropriate rental insurance in Mexico, as UC vehicle coverage does not extend there.
- For larger groups or research travel involving equipment, consider chartered or other arranged transportation to the destination, then rent vehicles locally as needed.
|
|
|---|
|
|
Concur Travel Feature: Hertz & National Loyalty Integration
SAP Concur now allows eligible Hertz and National loyalty numbers to be applied during rental car searches, which may improve vehicle availability during high-demand periods and apply available loyalty benefits. Travelers should keep their Hertz or National loyalty information current in their Concur profile.
|
|
|---|
|
New Concur Guide: Closing or Canceling a University Card
A new step-by-step Concur guide is available for employees who need to close or cancel a Travel & Entertainment or Procurement Card. View the guide.
|
|
|---|
|
Help Us Improve Fiscal Close Support
We’re planning for next year’s fiscal close and would appreciate your feedback on the resources and support provided this year. The survey is brief and will help us identify what worked well and where adjustments may be helpful.
|
|
|---|
|
|
Save the Date: BFS User Group
Join us for the next BFS User Group on Wednesday, September 30, from 10:30 a.m.–12:00 p.m. We’ll share updates, resources, and upcoming changes affecting systems, processes, and the broader financial community, with time for questions and answers.
View the BFS Calendar for meeting details and the link to join.
|
|
|---|
|
| |
| |
|
|
