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 Product OverviewBusinessConnect® from TelPay allows you to send e-payments from your business computer to anyone in Canada. All you need is the name and address of whoever you wish to pay - TelPay takes care of the rest. By harnessing the power of electronic payments, you can reduce banking fees and mailing expenses, cheque issuing labour, signing time, and reconciliation time by as much as 50%. BusinessConnect® is the first e-payment tool that facilitates business payments to any individual, supplier, organization or government department in Canada. Payment details are sent with each payment and can be imported into most accounting systems. Direct deposit capability also allows you to pay employees in the most cost-effective manner possible. Product Functionality• Pay Any Supplier in Canada • Next Business Day Deposit and Notification to Biller • Accounts Payable System • Comprehensive Payment History • Make Government Remittances • Process Payroll Deposits • Employee Expense Reimbursements • Process Repetetive Payments • Electronic Collections (PADs) • Generates Applicable Accounting Entries • Exports to General Ledger Systems • Automated Distribution of GST and other entries • Rapid Fire Data Entry Business Benefits• Reduce Bank Fees as your number of monthly debits can be reduced by 80-90%; • Eliminate Hard Costs such as postage, paper, and mail prep expenses; • Reduce Cheque Issuing Labour by 50% and cheque signing time by 80%; • Reduce Late Fees and Courier costs as most e-payments arrive the next business day; • Reduce Reconciliation time and labour by two-thirds; • Cost-effective Direct Deposits of net payroll; • TelPay Gathers Bank Account Information from those you wish to pay - all that is required is recipient's name and address; • Automatic Record Keeping; • Reimburse Employee Expenses While They're on the Road (Direct Deposit into their Account). E-payment services
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