With the indefinite Canada Post strike impacting postal services across Canada, businesses are facing new challenges, particularly when it comes to mailing cheques for payments. The strike disrupts the reliability of traditional mail, which many businesses still rely...
In the rapidly evolving landscape of business-to-business (B2B) payments, staying ahead of payment trends is crucial for companies aiming to maintain a competitive edge. As we move through 2024, several key trends are shaping the way businesses handle their payment...
In an age where digital transactions dominate the financial landscape, it's surprising how prevalent the use of cheques still is, especially among condo boards. What seems like a traditional and secure method of payment can actually leave condos vulnerable to...
In the realm of property management and homeowners association (HOA) governance, efficiency is key. As property managers and HOA board members juggle numerous responsibilities, from maintaining properties to managing finances, adopting streamlined payment methods is...
In the fast-paced world of property management, efficiency and security are paramount, and traditional paper-based accounts payable processes are a potential source of risk. Condo board members and property managers are increasingly realizing the vulnerabilities...
SparcPay, a leading innovator in digital payments for small businesses, is thrilled to announce the official launch of the SparcPay app for Clover. With its user-friendly interface and advanced features, the SparcPay app offers a simple, secure, and faster way for...
Many logistics companies have seasoned executives at the helm. This level of experience and loyalty is invaluable to any industry, but the downside is that it creates a deep comfort in the way things have always been done. Because of this, there has been a general...
When operating a church or any other non-profit organization, you face unique challenges compared to most other businesses. Oftentimes, key signing members are not available every day due to other time commitments, your administration staff may be made up of...
Digital transformation is nothing new; while businesses have been implementing digitized systems for years, accounts payable automation is one area that has been met with resistance. For many business owners, there’s a comfort in being able to hold a paper bill in...
Over the past several decades, our lives—and businesses—have become increasingly digitized. This has led to us all juggling a patchwork of apps and services to manage our tasks and complete them on time. After fumbling through using the many tools available ourselves,...
We are thrilled to announce that SparcPay is now an official Xero partner and is available in the Xero app store. Trusted by over 3 million subscribers globally, Xero provides online accounting software that makes it easier than ever to run your business. Seeing as...
Processes related to running a restaurant have become increasingly digitized over the past decade – and both restaurants and staff have benefited greatly from these new technologies. From point-of-sale and front-of-house systems that run on iPads, to online...
Vendors getting paid by cheque “The cheque’s in the mail.” Who in accounts receivable hasn’t heard that threadbare line? And why is it uttered so often by clients to vendors seeking to square up accounts? There are a few reasons: Clients haven’t actually paid and are...
Here’s a staggering stat for you: In North America each year businesses lose over $75 billion to payment friction. A good chunk of this friction is generated by the processing of invoices using conventional analog accounts payable methods. According to industry...
Disadvantages of cheques Many organizations would be surprised—possibly even shocked—to know just how much time its employees spend each month writing, processing, sending and verifying cheques. Time is spent loading the printer with cheque stock, printing the...
Intuit is making a big push to transition QuickBooks users from desktop versions to the cloud-based QuickBooks Online. However, many accountants are loyal to QuickBooks Desktop - aka QBD - Intuit's locally installed legacy accounting software. To ensure that...
Grocery stores stock a myriad of goods from multiple suppliers, all of whom need to be paid—a process that, using conventional operating systems and manual processes, is time consuming and costly. The SparcPay app saves grocery stores time and money paying their...
QuickBooks is an accounting software package developed and marketed by Intuit, an American business software company. First introduced in 1983, QuickBooks products are geared mainly to small- and medium-sized businesses. QuickBooks has on-premises accounting...
The construction industry in North America is booming—and there’s no end in sight given the drastic shortage of housing in so many jurisdictions. For some construction companies, however, the ability to scale up their operations to meet demand is compromised by the...
SparcPay for accountants and bookkeepers is a no-brainer. Why wouldn’t these professionals want an integrated, secure, digital solution that: Allows for complete review and approval of bills via web and mobile from anywhere.Eliminates paper from the entire accounts...
In far too many small- and medium-sized enterprises, fundamental business operations and accounting processes are beset with friction—the force that resists motion. Operations and processes subject to friction move slowly and sometimes grind to a halt. Friction can be...
Paper Bills and Cheques At SparcPay we’re straight shooters. We value transparency and call it as we see it, which is why we’re not hesitant to remind you that, in the words of Nobel Prize laureate Bob Dylan: The upshot of this message is that if you don’t adapt to...
An audit trail is a system of recordkeeping that ensures that all steps of a financial transaction are physically and/or digitally documented, thereby establishing the transaction’s legitimacy. Without an audit trail, a financial transaction is, at best, suspect, and...
When Small Business BC (SBBC) was selected as a delivery partner for British Columbia’s $300 million Business Recovery Grant to help businesses cope in the wake of the COVID-19 pandemic, they had to quickly ramp up the systems required to fulfill their role in the...
The Intuit Prosperity Accelerator is a partnership between Intuit Canada and Highline Beta, where a cohort of global seed-stage tech startups will help solve specific pressing financial prosperity challenges that Canadian consumers, self-employed and small businesses...
Paperless payables create an unfair advantage in property management. Available with the world's best condo software ecosystem, Shiftsuite, digital approval and payment is an experience that is safe, convenient and environmentally friendly. It’s powered by SparcPay,...
Malvern Condominium Property Management implemented SparcPay to save time, and provided their clients with an exceptional user experience with more transparency and financial control. SparcPay met all of their expectations, and also enabled them to do more work...
The Meritus Group, a leading property management company switched to digital approval and payment to replace outdated paper payables processes. "When we launched SparcPay one of the advantages was the protection of managers and board members. By minimizing the paper...
Social distancing, self-isolation, and working remotely are important tools to protect our communities from the spread of COVID-19. What about those people that have cheque signing authority - can they maintain these practices while still making the payments that are...
It's hard to let go of the cheque! According to the latest Payments Canada report, organizations still write 460 million commercial cheques in Canada each year. That's down slightly, but still a huge number. It spells opportunity for organizations to save money by...
City Sites Property Management, a leader in providing creative solutions for property management, was also the first property management company in Canada to implement SparcPay as a value added service which is now available to all their clients. Their Vice-President,...
If your association, church or non-profit is still asking board members to sign cheques, why not try SparcPay - a secure digital approval and payment app that saves time and money. Please share this to others you know that serve on volunteer boards...
Canadian businesses and not-for-profit organizations consume 75,000 trees per year issuing paper cheques to suppliers. Being good to the earth is also good for your bottom line - paperless payments save over 50% in transaction costs.
How many of us still refer to an encyclopedia, look up a number in a phone book, or get directions from a paper map? For that matter how many of us still use personal cheques to pay bills? We stopped using these obsolete tools years ago, or are too young to have ever...
AMJ Campbell, Canada’s largest mover, is also a first-mover with blockchain technology to streamline and secure their accounting processes, having successfully transitioned from paper cheques to a paperless digital payables process using blockchain. "Blockchain is a...