As an entrepreneur, it can be very exciting -and stressful -to watch your business grow. Meet Nicole Funk, Executive Director of Wellspring Support Inc, who used to worry about her payroll process or whether that vendor got paid on time.
Located in Victoria, British Columbia, Wellspring Support is a comprehensive, community-oriented service provider offering innovative day programming for adults with developmental, physical and behavioural challenges. With a new location and new staff hires, Wellspring is now a medium sized business and growing.
I had a chance to talk with Nicole about her new peace of mind on her business payments and how other entrepreneurs might find it helpful.
Nowadays, it feels like we are living in a fast food mentality. We can no longer wait for anything and want it faster. No time to cook, so you do fast food. Why go to a traditional store, when you can buy the perfect item online. What about your bill payments? How does “Next Business day, Bill pay,” sound to you? Here’s a review of Telpay’s Payables Funding Options.
Payables funding options are really important because this is how Telpay receives money from your business to process your payables payments. There are two available funding options. You can choose to send money to Telpay via online banking which has a one-day lead time or request Telpay to automatically withdraw the money from your bank account through Pre-Authorized Debit which requires a four-day lead time.
We have all seen the commercials bragging about their products such as, “the ultimate driving machine,” by BMW or “Look Ma, no cavities,” by Crest. Hey, I do like BMW’s, but as a Volvo owner, I am not sure BMW is the ultimate ride. Also, I have used Crest toothpaste but still got a couple of fillings to fix those cavities. Taglines can be catchy, but are they true? When it comes to bill payments, Telpay is “The Better Way to Pay,” because you can pay anyone. Here’s why.
With Telpay’s all-in-one comprehensive payment system, you really can pay anyone. From payroll, government remittances, supplier invoices, expense accounts, one off payment, USD payments, international payments and more. We truly can help you streamline and eliminate manual processes while retaining existing controls. You can reduce costs and save time and be more efficient. We have answers to some of those burning questions about paying anyone.
As a business owner or accounting professional, we all like things to be hassle free…right! Meet Juliet Aurora, founder of AIS Solutions in Burlington, Ontario and a Telpay ASP Partner. Juliet and her team at AIS Solutions, pride themselves on providing business owners with “no hassle” bookkeeping done right.
In 2000, while in search of work-life balance, Juliet made the decision to set up an accounting business from her home. From those humble beginnings, Juliet has grown AIS Solutions into a full-service bookkeeping and small business advisory firm with a team of ten. And, this fall she will be launching a cutting edge Training and Support community for Bookkeepers called Kninja Knetwork. Juliet has found her work-life balance by incorporating tools that help her succeed in all aspects of AIS Solutions. Today, she successfully runs a thriving business while still making time for her family and friends.
As we are in the “dog days of summer,” we hope you are outside enjoying the beautiful weather. If you are still stuck in the office, it is time to break free with Telpay for all your electronic business payments. Continue reading
As the talks continue in the 30-day cool off period between Canada Post and the Canadian Union of Postal Workers, businesses are still sweating about the possibility of a mail disruption. Continue reading
Are you feeling the stress of another tiring, tough and downright taxing season? Tax season doesn’t have to be stressful and overwhelming. Here are five strategies to help you manage:
Be positive: Your mental health and state of mind have a significant effect on your professional and personal life. It has been well documented that people with a positive attitude are more upbeat and peaceful. Even during tax time, you can choose to be positive amongst the chaos of the season.
We all hear talk about the good old days. What you could buy for a dollar back then is worth more than a Toonie now. Yes, prices have doubled (sometimes more than doubled!), but not Telpay fees. Let’s take a nostalgic look back to see the rising costs for individuals and businesses. Continue reading
There are many well-known benefits for businesses who accept credit card payments. Credit card payments are convenient, help improve cash flow and increase sales. However, there are also many not so well known disadvantages that a business is faced with when they offer credit card payments to their customers. These disadvantages include interchange, charge back, and monthly fees, to name a few. Continue reading
There are many reasons why replacing cheques with electronic payments not only makes business sense but, also saves cents. We want to share some of these reasons with you in our new Q + A series featuring businesses that have made the move to forget the cheque. Continue reading
We can all relate to those tasks on our desk that we have procrastinated getting started on. They sit on our desk like an ugly paperweight that’s the size of a large rock….maybe boulder. I hate to state the obvious but, it is easier to start a good habit than it is to break a bad one. In other words, it is easier to never have the paper weight tasks sitting on your desk than it is to remove these tasks. The trick is making the good habits easy to start.
When it comes to electronic payments, there are several habits that are so easy; you’ll wonder why you didn’t start them yesterday.
Take advantage of supplier discounts
Supplier discounts are always a nice incentive to pay your invoices early. But if you’re sending a cheque in the mail, how can you predict if your payment will arrive before the discount deadline? Schedule your electronic payments on a specific date to guarantee you will receive those supplier discounts.
Did you know that Telpay’s support page is updated on a daily basis with questions and feedback that we hear from our customers? We are continually adding new FAQ’s, videos, and instruction manuals based on the questions and feedback that our partners and clients share with our customers care team.
Here are the top 5 questions asked by our customers in 2015.
1. Does Telpay integrate with QuickBooks Online?
2. Can I make a USD payment to one of my suppliers?
Photo courtesy of CPA Manitoba and Martin Lussier Photography.
Travis Toet is the worthy recipient of the Telpay Leadership Award 2015. The award recognizes the candidate in the graduating class, who demonstrated significant leadership in the Strategic Leadership Program, along with exhibiting the professional behaviours, ethics and attitudes of a CMA. Continue reading
This article is part of a series on “Qualifying Your Clients.” Learn how to properly qualify clients at the beginning of the sales process, by asking the right questions and having all the knowledge needed to ensure they benefit from electronic payments with Telpay. Continue reading
Do you still write cheques for your business payments? Are you tired of dealing with the annoying cheque peeves and time-wasting hassles?
We would like you to meet Kathleen Campbell, Executive Director at Vancouver’s North Shore Tourism, a marketing organization specifically focusing on the North Shore, also known as the Playground of Vancouver. Kathleen recently streamlined her payment process by eliminating cheques from her business. Prior to signing up with Telpay, Kathleen was experiencing one of the most common cheque peeves, “the cheque is in the mail.” On numerous occasions, Kathleen experienced losing cheques in the mail which was tricky to explain to her suppliers, especially when it is such a cliché. As if that wasn’t enough, Kathleen also found it time consuming to drive around to get signatures for the cheques. All was not lost, with the help of her bookkeeper, Kathleen discovered how to eliminate these cheque peeves by processing all of her business payments electronically.
Thanks to Telpay, Kathleen now has more time to focus on promoting the cool attractions on the North Shore, like Grouse Mountain, Capilano Suspension Bridge or Lonsdale Market to name a few. “Telpay is great for us, rather than running around getting different officers to sign our cheques, it is all done electronically and our vendors know when they are going to get paid. One less thing for me to do, I don’t have to run around, because that took a lot of my time.”
Check out the video on Vancouver’s North Shore Tourism to see how Telpay can help eliminate all of your cheque peeves.