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Telpay

Telpay enhances the financial processes for accountants by offering automated payment solutions, safe payroll deposits, and efficient cash flow oversight. Altho...

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Telpay enhances the financial processes for accountants by offering automated payment solutions, safe payroll deposits, and efficient cash flow oversight. Altho...

Watch Demo Get Pricing
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Product Overview

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.

Product Details

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.

Accounting Software Features

✘ dashboard
✘ reporting
✘ accounting
✘ dashboards
✘ mobile app
✘ public api
✘ purchasing
✔ audit trails
✘ audit trials
✘ cybersecurity
✘ mobile access
✘ time tracking
✘ bid management
✘ credit control
✘ cta compliance
✘ expense report
✘ fee management
✘ general ledger
✘ kpi monitoring
✘ pci compliance
✘ tax management
✔ cash management
✘ crm integration
✘ debt collection
✘ email marketing
✘ fund accounting
✘ nav calculation
✘ quality control
✘ soc 2 compliant
✘ task management
✔ accounts payable
✘ asset management
✘ audit management
✘ donor management
✘ event management
✘ expense tracking
✘ fraud management
✘ grant management
✘ maintenance logs
✘ project tracking
✘ budget management
✘ fundraising tools
✘ project templates
✘ recurring billing
✘ safety management
✔ vendor management
✘ alertsnotification
✘ budgeting software
✘ built in reporting
✘ data visualization
✘ equipment tracking
✘ financial tracking
✘ invoice management
✘ payment processing
✔ payroll processing
✘ project management
✘ project scheduling
✘ zapier integration
✘ accounts receivable
✘ ai powered insights
✔ alertsnotifications
✔ bank reconciliation
✘ cloud collaboration
✘ collaboration tools
✘ compliance software
✘ contract management
✘ customizable report
✘ document management
✘ employee management
✘ financial reporting
✘ incident management
✘ integrated payments
✔ payroll integration
✘ production planning
✘ reporting analytics
✘ resource allocation
✘ scheduled reporting
✘ unitholder tracking
✘ workflow management
✘ bookkeeping software
✔ cash flow management
✘ customizable reports
✘ financial reportingg
✘ financial statements
✘ inventory management
✘ loan servicing suite
✘ payroll tax software
✘ real time monitoring
✘ rolebased permission
✘ volunteer management
✘ bill of materials bom
✘ billing and invoicing
✘ contractor management
✘ custom add on modules
✘ membership management
✘ multicurrency support
✘ regulatory compliance
✘ statistical modelling
✘ work order management
✘ account reconciliation
✘ facilities maintenance
✘ fixed asset management
✘ multi currency support
✘ partnership accounting
✘ auditing and compliance
✘ automated loan workflow
✘ change order management
✘ customizable dashboards
✘ paperless documentation
✘ reporting and analytics
✘ supply chain management
✘ debt collection software
✘ financial analysis tools
✘ small business invoicing
✘ subcontractor management
✘ accounts payable software
✘ budgeting and forecasting
✘ regular payment scheduling
✘ data analysis and reporting
✘ accounts receivable software
✘ business management software
✘ financial reporting software
✘ automated email communication
✘ financial management software
✘ data collection and management
✘ efficient portfolio management
✘ financial portfolio management
✘ policy and document management
✘ regulatory compliance tracking
✘ revenue recognition compliance
✘ risk assessment and mitigation
✘ automated notifications updates
✘ contact relationship management
✘ project planning and scheduling
✔ integration with banking systems
✘ advanced analytics and forecasting
✘ multi currency accounting software
✘ machine learning and ai integration
✘ provides government boi transcripts
✘ version control and change tracking
✘ audit trails auditing and compliance

Pros

  • ✔ Efficient electronic funds transfer processing
  • ✔ Secure multi-level payment approval workflows
  • ✔ Seamless integration with major accounting software

Cons

  • ✘ Limited advanced automation
  • ✘ Payment recall is challenging

Price

Professional

$10

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Frequently Asked Questions

Find answers to the most common queries about our software recommendation service.

Telpay is primarily available in English.

Telpay does not currently offer a dedicated mobile application.

Telpay integrates with QuickBooks, Sage 50/Business Cloud, and Adagio.

It offers support via a help center, live chat, call, and email.

The vendor has not shared information regarding its API.

Telpay offers Starter ($10/month), Standard ($24/month), Max ($39/month), and CRA‑only plans ($10/month). Request a personalized Telpay pricing quote for your business.

Typical users include accountants, bookkeepers, and finance teams in small to mid‑sized organizations, construction, and many more industries.