Telpay
Streamline your financial operations with Telpay's automated bill payments and secure payroll deposits, perfect for accountants and finance teams.
Telpay enhances the financial processes for accountants by offering automated payment solutions, safe payroll deposits, and efficient cash flow oversight. Although it has some limitations in advanced reporting features, its unified platform guarantees precise transactions and facilitates better approval workflows. This solution is particularly suited for finance teams, bookkeepers, and small to medium-sized enterprises that handle regular payables.
What Is Telpay?
Telpay is an all-encompassing electronic payment solution designed to assist Canadian businesses in moving away from traditional paper financial methods. It acts as a central platform for overseeing both accounts payable and receivable, enhancing the efficiency of treasury departments. The system automates payments to suppliers and payroll distributions, ensuring that each transaction is recorded and can be verified. By removing the reliance on manual checks, it allows companies to improve cash flow visibility while lessening the administrative load associated with month-end reconciliations.
How Much Does Telpay Cost?
The starting cost for Telpay is $10 per month. This introductory plan, referred to as Starter, accommodates 1 to 14 transactions per month and includes basic payment functionalities such as bill and employee payments. The additional pricing tiers for the software are as follows:
Telpay Standard: $24/month
Telpay Max: $39/month
Telpay CRA-only: $10/month
Aside from the standard subscription fees, organizations should consider these additional costs:
Implementation: One-time setup fee ranging from $49 to $99, based on the selected plan
Transaction Fees: Between $0.55 and $1.50 per transaction, depending on the plan and type of payment
Payment Exceptions And Adjustments: Charges of $10 to $30 for returned or failed transactions; $25 or more for manual tracing or adjustments
Staff Training: Costs between $500 and $3,000, varying by team size and complexity of accounting workflows (industry average)
Accounting Integrations: Ranging from $0 to $5,000 based on the depth of integration with systems like QuickBooks or Sage
For a customized quote on Telpay pricing tailored to your organization, feel free to reach out.
Please note that pricing may change.
Telpay Integrations
This software offers integration with several platforms, including:
Sage 100
Sage Business Cloud Payroll Professional
QuickBooks Online
Microsoft Dynamics 365
Adagio Accounting
Schedule a complimentary demo of Telpay to discover more about its integration options.
Who Is Telpay For?
Telpay is well-suited for a variety of sectors, such as:
Property and real estate
Retail
Professional Services
Hospitality
Construction
Is Telpay Right For You?
A significant number of service-oriented businesses face challenges related to paper checks, manual payables, and intricate remittance processes, which can result in administrative delays and hindered cash flow visibility. Telpay effectively tackles these issues through secure online payment processing, multiple approver setups, and streamlined approval workflows that maintain transparency and timeliness in transactions. Endorsed by companies like The Nerdery Bookkeeping for its dependability and support, Telpay caters to organizations that value precision, efficiency, and adherence to compliance standards.
If you're still uncertain about choosing Telpay, please reach out to our support team at info@softwareseekers.com for additional assistance.