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Overview
Telpay accelerates financial operations for accountants with automated bill payments, secure payroll deposits, and streamlined cash flow management. While advanced reporting options are limited, its centralized platform ensures accurate transactions and improved approvals. It is ideal for finance teams, bookkeepers, and small to mid-sized businesses managing frequent payables.
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Starting Price
$10
/month
Telpay Specifications
- Accounts Payable
- Vendor Management
- Cash Management
- Cash Flow Management
What Is Telpay?
Telpay is a comprehensive electronic payment system built to help Canadian organizations transition away from paper-based financial processes. It serves as a unified hub for managing accounts payable and receivable, making treasury departments more efficient. The platform automates supplier payments and payroll distributions, ensuring that every transaction is tracked and verifiable. By eliminating the need for manual checks, it helps businesses maintain better cash flow visibility and reduces the administrative burden of month-end reconciliations.
How Much Does Telpay Cost?
The Telpay cost starts at $10/month. This basic plan, known as Starter, supports 1–14 transactions/month and includes essential payment features such as bill payments and employee payments. Further pricing tiers of the software are as follows:
- Telpay Standard: $24/month
- Telpay Max: $39/month
- Telpay CRA-only: $10/month
In addition to the base subscription costs, organizations should account for the following expenses:
- Implementation: Charges $49–$99 one-time setup, depending on the plan
- Transaction Fees: $0.55–$1.50/transaction, depending on plan and payment type
- Payment Exceptions And Adjustments: $10–$30/returned or failed transaction; $25+ for manual tracing or adjustments
- Staff Training: $500–$3,000 depending on team size and accounting workflow complexity (industry benchmark)
- Accounting Integrations: $0–$5,000 depending on integration depth with platforms like QuickBooks or Sage
Disclaimer: The pricing is subject to change.
Telpay Integrations
The software supports integration with multiple platforms, such as:
- Sage 100
- Sage Business Cloud Payroll Professional
- QuickBooks Online
- Microsoft Dynamics 365
- Adagio Accounting
Who Is Telpay For?
Telpay is ideal for a range of industries, including:
- Property and real estate
- Retail
- Professional Services
- Hospitality
- Construction
Is Telpay Right For You?
Many service businesses struggle with paper checks, manual payables, and complex remittance workflows, leading to administrative delays and limited visibility into cash flow. Telpay addresses these pain points with secure online payment processing, multiple approvers, and streamlined approvals that keep transactions transparent and on schedule. Trusted by firms such as The Nerdery Bookkeeping for its reliability and support, Telpay serves organizations that prioritize accuracy, efficiency, and compliance.
Still not sure about Telpay? Contact our support team at (661) 384-7070 for further guidance.
Telpay Features
Cashflow Management
Telpay provides real-time cash flow visibility, enabling businesses to schedule payments, monitor incoming funds, and manage liquidity efficiently. Finance teams can optimize timing for payables and receivables, reducing overdrafts and ensuring smooth operations while maintaining control over all outgoing payments.
Account Payable
Automated accounts payable streamlines vendor payments and approval workflows from a centralized dashboard. This reduces manual errors, accelerates disbursements, and improves financial accuracy. It helps organizations maintain strong supplier relationships and efficient operational processes.
Payroll Direct Deposit
Telpay features a payroll direct deposit service that allows businesses to deposit employee salaries directly into any Canadian bank account on schedule. It reduces administrative workload, maintains a clear audit trail, and enhances employee satisfaction. This empowers HR and accounting teams to focus on higher-value financial management activities.
CRA Payments
Telpay enables businesses to pay federal and provincial remittances, including taxes and deductions, accurately with built-in CRA remittance forms. Automated payments minimize compliance risks, reduce manual form errors, and ensure organizations meet all statutory obligations without administrative delays.
Accounts Receivable
Telpay software helps organizations collect funds efficiently via pre-authorized debits and electronic invoicing. It improves receivables turnover and accelerates cash inflows by setting up recurring payments. It also offers better visibility on pending payments, supporting financial planning and reducing delays in revenue recognition.
Pros And Cons of Telpay
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
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Frequently Asked Questions
What language does Telpay support?
Telpay is primarily available in English.
Does Telpay have a mobile app?
Telpay does not currently offer a dedicated mobile application.
What other apps does Telpay integrate with?
Telpay integrates with QuickBooks, Sage 50/Business Cloud, and Adagio.
What level of support does Telpay offer?
It offers support via a help center, live chat, call, and email.
Does Telpay offer an API?
The vendor has not shared information regarding its API.
What types of pricing plans does Telpay offer?
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.
Who are the typical users of Telpay?
Typical users include accountants, bookkeepers, and finance teams in small to mid‑sized organizations, construction, and many more industries.