On the TechTO stage ×1
First seen on the TechTO stage in 2021. Every talk is searchable — ask the archive about Wally ↗
In their words
For a long time I've been known as the cheque tech guy. I founded a technology company that led the way in converting paper cheques to digital images and transactions.
Today in North America, B2B is losing over 75 billion dollars a year to payment friction.
80 percent of transactions are still processed in paper form, and that means a lot of data entry — 68 percent of transactions are manually keyed into accounting systems today.
Quick answers
Who is Wally Vogel?
The co-founder and CEO of SparcPay. He is a certified engineering technologist and previously founded and ran Creditron, an automated receivables-processing company; he described himself on the TechTO stage as having been known for years as the cheque tech guy.
What does SparcPay do?
It automates accounts payable: capturing a supplier bill, routing it for approval from any device, and paying it digitally, with integrations into accounting and property-management systems such as Yardi, Buildium and RentManager. It is registered as a money services business with FINTRAC.
What did Wally Vogel present at TechTO?
He demoed the company at the Intuit Prosperity Accelerator Demo Day on the TechTO stage in March 2021, under the name Sparcblock, citing studies putting B2B payment friction at over $75 billion a year in North America and an average $15 cost to process an invoice.