The TelePAY approach offers you
Your employee and vendor accounts in various banks can be instantly credited immediately you approve the purpose of the payment. For tax and pension or similar payments, electronic schedule of the breakdown of the payment can also be delivered in recipient speciedformats.
Even though you have accounts with multiple banks, with TelePAY, you do not need to login to the different websites of these banks to perform your duties. You can efficiently log into TelePAY which gives you ONE single interface and interacts with your different banks at the back. For instance, you can view the balances on ALL your accounts across your various banks as well as a Consolidated Total all on one screen. You can from ONE single screen issue instant debt instructions from your accounts in any of these banks and pay your employees or vendors in ANY other bank. This is inclusive of commercial banks or micronane banks.
In line with NPS Vision 2020 mandate, the Central Bank of Nigeria (CBN) has instructed that from January 1, 2010, all payments above N10m can no longer be paid by cheques but have to go on an e-platform. Salary payment by organizations with more than 50 employees must also be via e-payment as from January 2011. In addition, the complexity of dealing with several PFAs/PFCs has forced many organizations to restrict their employees to a particular PFA contrary to the Pension Reform Act. TelePAY offers you an opportunity to be easily compliant on all fronts and immediately, tool with minimal keystrokes, you simultaneously comply with CBN payment instructions, Tax and Pencom statutory requirements.
TelePAY creates a solid foundation in which you can build your e-payment platform. TelePAY is one stop e-payment platform that allows you have your payroll, Pensions, taxes, loans deductions & nallya smoth & delightful end-to-end e-payment experience tightly integrated in ONE solution. The functions listed below have been extracted from our awards winning Human Manager and merged with the TelePAY payment engine to deliver a truly end-to-end payment platform to you.
TelePAY direct payroll module provides the platform for organization to store basic personnel records and process their payroll. It covers Employees compensation, loans , allowances, deductions, overtime, tax, contributory Pension, pay slips & extensive payroll reports. It also includes self service that provides employees the freedom to request changes to their bio-date, educational qualication, bank details and also apply for loans, leave training etc as may be applicable to your organization timeliness, completeness and above all employee self-satisfaction.
The staff administration module manages the various activities associated with the administration of leave such as leave plan, keeps track of No of leave days spent, No of days left and alerts on leave due to staff and relief officers. And also enables the direct payment of leave allowances to sta ffaccounts
This module enables the denitionand monitoring of performances targets and key performance indicators (KPI’s) performance approvals, promotion, and skills gap analysis with clear improvement plans.
TelePAY training module manages the cooperate training register and dairies of an organization training nominations, approval, course feedback, skill gap analysis, budget and training cost management.
TelePAY revenue collections module provides a platform for organization to receive payments for their services. Services beneciarie, who sign on to TelePAY Collection system, have their accounts debited at agreed periods either for a specific amount or variable amounts while accounts of the services providers are credited.
TelePAY ERP integrator enables seamless interface between TelePAY and your business applications.
TelePAY Personal Module provides opportunity for individual to perform these payment obligations electronically. It assists individuals to say “Never Again” to hand writing of cheques!
TelePAY HMO is a purpose-built electronic payment platform for health management organizations (HMNOs). It’s designed to pay capitations to HMO participating hospitals and other health Care providers and deliver appropriate schedules electronically.
TelePAY MFB Module interfaces TelePAY with MFBs. The platform facilitate electronic payments and from MFBS across the country. This allows account holders in MFBS to make payment to and receive payments from commercial banks Mortgage Banks and other MFB and Non-Financial Institutions across the country.
TelePAY Registrars Module provides the platform for company registrars to rent dividends to shareholders and withholding taxes to the appropriate tax authorities electronically. The organization on behalf of which the registrars are paying the dividends are also able to run online reports to know the status of all payments.
TelePAY pension provides a platform for:
The Medical Module gives an Organization a detailed insight towards the maintenance of an healthcare provider for its employee, monitoring the medical incidences, and tracking sick leave.
This Module is used in capturing employees ngerprint,vein images and photographs. This module elimination ghost workers duplicate employee enrolments and can be used for smooth, “No queens” employee re-verication cycle management.
This module captures the time employees enter and exit the work environment, computer overtime earnings based on predenedparameters such as grad, overtime rates & the type of overtime, whether it’s a weekend, public holiday or regular work day overtime. This module can also be used in conjunction with the Biometric module to create an access control system.
The recruitment module manages the recruitment process from vacancies announcement on the organization website to Employee assumption of duty or application closure as the case may be.
The cooperative Module is used by Organization who have cooperative schemes running in their Organization. It encourages and promotes employee savings, manages sta ffcontributions and disengagement payments.
The claims module manages the requesting, approval and direct payment of sta ffclaims (reimbursements, cash advance, settlements, etc) to beneciarie’ accounts.
TelePAY Payment centre sits at the base of all TelePAY activities. This is the main TelePAY payment engine. You can pay vendors, sta ffand other 3rd parties from here. All other TelePAY modules have additional features which are extensions to the basic payment function available at the centre.
TelePAY Pension Module provides the platform for organization to remit their contributions and deliver schedules to their various Pension Fund Custodians (PFCs) and Pension fund administrators (PFAs) in a synchronized manner.
TelePAY tax module provides the platform for organization to remit their employee and other taxes to the relevant authorities from the comfort of their offices. The system interfaces and receives data from payroll, ERP solutions or via excel upload. Taxes and associated matching schedules are delivered to respective tax authorities.
TelePAY delivers funds and matching schedules to pension fund custodians (PFCs) and pension fund administrators (PFAs). This approach, while delivering operational efficiencies to your organization, saves you time and eliminate the problem of unmatched and unapplied employee contributions.
TelePAY will implement for you a work w that mirrors your current payment approval process. It can allow up to 20 approving officers for ach set of rules before payments are affected. The approving officers may include Voucher preparation and Cheque writing officers, internal auditors and account signatories including at least one PIN approval or one biometric approval as you may choose to setup. Payments are only made after these predenedofficers have given their approval on the system
Are you a signatory across multiple SBUs, Religious Bodies, Clubs, Associations, Trade Unions and Town Unions etc. TelePAY displays all transactions requiring your personal signature on the SCREEN. More like having in front of you cheque books from several organizations. What efficiency, organization and judicious use of your time!
TelePAY delivers funds and matching schedules to Trade Unions and Associations. This means that trade union can begin to see the positive sides of e-payment as delivered by you…a sure and easy way to excite and bond with your Trade Unions.
The best of switches will be offline once in a while. Your payments need not wait. TelePAY has a unique feature that reroutes to alternative switching platforms for increased success rate of your payment instructions…..just like having multiple network SIM cards on one handset!
As many e-payment offerings in the market today were originally designed with individual and low volume transaction in mind, they buckle as you know tens of thousands of transactions from one source at a time. TelePAY, designed from the corporate perspective comes ready to accept hundreds of thousands of transaction from corporate and to process all these seamlessly and to provide complete feedback within 24 hours.
The system provides the ability to spool records of payments and the activities of the responsible officers. You can also view historical transactions for up to 10 years showing who was paid, when and time of approval by your officers. You can ler by a speci reference number, dates, all payments ever made to a a specic bene y, all payments approved by a particular officer or all payments with one problem or another.
TelePAY modules can be implemented as a single solution to assist an organization to address a specicneed or integrated together to offer the full range of functionalities that is available on the system. The solution can be deployed through any of the commercial banks in Nigeria or directly from the provider, TelePAY Africa Limited. We are able to get a typical organization up and running in just a few hours, the solution is web based and available 24/7 at www.telepayafrica.com
In the past years, we have had to customize the application for some of the banks and other organizations to reflect their cooperate brand: Colour and Logo. The solution rebranding comes at charge to organizations.
In the design of the TelePAY solution, our approach is to focus quite a great deal on security. While debating functionality and features, security is always No 1. Accordingly, TelePAY provides multiple security features that have been put in place to secure funds and data within the solution.
Some of the features we can openly present are listed below:
TelePAY required at least 2 people to approve any transaction before it can be affected. You can pre-set approval rules of between 2-10 people to approve “each type” of transaction. Approval limits can be set up for different signatories and activity type. You can remit funds and schedules at the click of the button anywhere in the world via secured internet access.
TelePAY ensures that payments are made designated and approval accounts only. Designated officers can introduce a new account which must then be approved by other authorizing officers in the approval chain. You can pre-specify accounts that are valid to receive payments from you and the maximum amount they can receive within a time window. Continuous anti-hacking defenses and monitoring
TelePAY employs the industry highest 128-bit SSL encryption
This security feature helps protects the resources of our network from unauthorized users.
TelePAY requests for passwords and a PIN before transaction can be authorized
TelePAY sends dynamic security access codes via SMS and/or email to transactions approvers. The code is 4 digit characters (alphanumeric) and is required from at least one of the approvers in the organization to execute a payment transaction. The access codes changes for each transaction.
Going the extra mile to secure customers transaction, TelePAY has an innovative biometric identication system giving the customer the option of a Thumbprint or a Vein Reader Technology.
Collaborate with leading solution providers and banks. Each of these partners has independently adopted global security standards that work in harmony to checkmate security lapses.
Power to specify and enforce different authorization levels and signatory limits based on the value of payment.
Our services are benchmarked on enduring quality and integrity of professional service we rendered and our core value hinges on the belief that success comes only when the client is satisfied.