How Lone Star Vendor Pay Works with BuyBoard

For many organizations, one person may be responsible for procurement and payments. What if the two processes could work together seamlessly, saving time and effort? Lone Star Investment Pool’s Vendor Pay program makes it easier to move from purchase order to payment while helping your organization reduce manual work and maximize the time your funds stay invested.

Benefits of Vendor Pay

Through Vendor Pay, you can pay vendors directly from your Lone Star account, helping you optimize earnings on your funds with fewer steps than traditional payment processes.

Keep funds working longer.

When you use Vendor Pay, your funds stay in your Lone Star account, earning interest, up until the payment is made to the vendor. That reduces the need to transfer out to a local bank days before a payment is due.

Verify transactions.

Lone Star prioritizes the security of your funds. Vendor Pay reduces exposure to check-related fraud by leveraging secure ACH payments.

Cut administrative work.

Vendor Pay is easy to setup and use. You can select vendors, submit payments, and manage activity through your Lone Star account. And when you use Vendor Pay, you can save you and your team time by reducing the need to print, sign, and mail checks.

Power of Cooperative Purchasing

The Local Government Purchasing Cooperative leverages the collective purchasing power of governmental entities across Texas and simplifies the procurement process with a powerful online system called BuyBoard.

Members of the cooperative may be eligible for a rebate at the end of the year if the Cooperative’s Board approves it. Eligible members have the potential to earn rebates by making a purchase using a BuyBoard awarded contract and then submit the purchase order to BuyBoard.

Connect Procurement and Payments

Lone Star participants that are members of the Local Government Purchasing Cooperative can use an enhanced Vendor Pay program to connect their payments and procurement in a seamless workflow, helping your organization:

• Save time and reduce manual steps
• Improve data accuracy and reporting
• Strengthen audit readiness

How Vendor Pay with BuyBoard Works

Once you submit a payment through Vendor Pay, you can submit documents directly to BuyBoard, completing the purchase order process.

Underneath the payment details, you’ll see a line stating “If this payment was for a BuyBoard purchase, please upload your purchase order here” followed by the link that says Docusign BuyBoard Purchase Order Upload.

Click on that link and you can drag and drop your purchase order PDF and hit submit.

Log into your portal to see it in action.