The IRS has released the standard mileage rate for business travel in 2024. The State of Colorado allows mileage reimbursement at 90% of the prevailing IRS rate for actual necessary travel while on official business.
Starting January 1, 2024, the University will adjust its bid threshold, increasing it from $100,000 to $150,000. This decision, backed by the campus Vice Chancellors, aims to align bid thresholds for goods, services, and construction.
Beginning on January 8, 2024, the application and update form for the Managed Spend Card (also known as the Declining Balance Card) will be available in Concur Request! The paper forms will continue to be accessible from the PSC Forms page until February 12, 2024 at which time all cardholder applications and updates will only be accepted through Concur Request.
If you process shipping labels for FedEx, you have recently seen a change to the portal view when logging into their system. FedEx does allow users to switch back to the legacy view for now, but we have been informed that this option will be disabled at a future undetermined date. For that reason, we want to ensure that users are familiar with how to enter the billing information (SpeedType) in the new portal layout.
Christopherson Business Travel (CBT) is prepared for any unforeseen travel interruptions that may occur during the holiday season due to weather-related events. If you will be traveling during the holidays, here are a few travel tips.
Beginning on February 12, 2024, we will require all card applications and update forms to be submitted through Concur Request. We will no longer accept the legacy “paper forms” that are downloaded and emailed to the Commercial Card office for processing. The legacy form web pages will be maintained for a brief transition period after February 12, 2024 to remind users of the updated and modernized process. Eventually, cardholders and applicants will be directed to the new process through the revised and updated PSC web pages on paying and expense management that are currently under construction.
The PSC Payable processors work invoices and forms by alpha assignments. This helps our processors manage workload and maintain consistent processing times. For this reason, however, when multiple invoices are submitted all at once for various suppliers, they won’t always get processed at the exact same time.
