Case Studies

Payworks

Case Study

Payworks consistently ranks as one of Canada’s fastest growing tech-companies. With offices in Manitoba, Ontario, Alberta and B.C., operations continue to grow dramatically based on the success of the company’s popular HR management products.

Problem

Payworks’ accounting group processes up to 100 accounts payable payments each month.   With branch offices, customers, suppliers and authorized signing agents spread over vast distances, the small team faces enormous challenges with payables alone, let alone tracking and reconciling.

Solution

Appreciating the tremendous advantages of electronic fund transfers, Payworks’ managers adopted Telpay for Business into their own operations early on. Telpay’s e-payment module fit seamlessly into Payworks’ accounts payable process. Dual payment authorization became almost instant – a vast improvement over the hours or days that it used to take to get two signatures on every cheque.

Results

Payworks benefitted greatly from the accounting efficiencies and controls that Telpay provided. Now suppliers are consistently paid on time, tracking is superb, and Payworks accountants have impeccable control over every transaction they process. Who says month-end has to be a harrowing experience?  Today Payworks uses Telpay to process 90% of their payables with ease.

Testimonial

“I like how I can flawlessly go from our accounts payable into Telpay’s e-payment software. It ties in with AccPac and there are no additional steps. I really like the tracking and biller detail history. For suppliers, accepting electronic payments is really easy, and the remittance they receive results in fewer payment disputes. In addition, the distribution of printed cheques was a great deal of work, and with electronic processing all the manual steps are gone.”
– Wes Holdnick, Finance Administrator, Payworks