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.
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
Did you know that Canada Post and the Canadian Union of Postal Workers have been in contract negotiations since late 2015 to reach a new agreement? Already some of Canada Post’s biggest customers, including the federal government, are being told to make contingency plans ahead of a possible contract dispute with workers this summer. According to a CBC News Report on May 27, Jon Hamilton, a spokesman for Canada Post stated, “while the corporation is not trying to be alarmist, it has decided to inform some key clients about the possible service disruption.” Continue reading
Telpay is thrilled to be celebrating the second year of our wildly successful Save a Tree-Plant a Tree Program. In partnership with Tree Canada, when a Telpay customer makes 100 electronic bill payments, Telpay will plant a tree in one of the 5 designated Tree Canada regions throughout our country.
Congratulations to all our customers for reaching the milestone. By switching to electronic payments, not only do our customers enjoy the convenience of going cheque free, but they are also doing their part for the planet.
How Trees Make a Difference
Here are 5 reasons, why trees are important:
- Trees help remove atmospheric CO2 from the air, which makes the air more breathable and reduces the Greenhouse effect.
- Trees have medicinal uses. In fact, 1 of 4 pharmaceutical products is plant-based.
- Trees’ root systems help prevent soil erosion, which prevents water pollution.
- Trees planted in fields shield against wind and snow and help protect crops.
- Trees provide shade that cools water, benefiting certain species of fish, plus their roots and branches provide space for fish to hide from predators
Not long ago, writing personal cheques was a regular way to pay for groceries and movie rentals. Today, not only would it be difficult to find a movie rental store, but it would be archaic to pull out a chequebook at the cashier and write out a cheque to pay for daily purchases.
Electronic payments have become a more widespread and acceptable form of payment. From telephone bill payments to online banking and now, mobile payments on the go, electronic payment transactions have become part of our daily life.
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.