Paystand: Automate Your Entire Cash Lifecycle with Payments-As-A-Service
Many finance teams find themselves trapped in a cycle of manual data entry, chasing overdue invoices, and losing a significant percentage of their margins to predatory transaction fees. When your Accounts Receivable (AR) and Accounts Payable (AP) processes rely on disconnected spreadsheets and legacy banking systems, the resulting lack of visibility leads to delayed cash flow and increased operational errors. Balancing the need for rapid growth with the reality of rising processing costs has become a primary hurdle for mid-market and enterprise organizations alike.
Paystand
Paystand provides a complete financial suite for the office of the CFO, unifying AR, AP, payments, expense management, and FX payouts into a single, automated ecosystem. By leveraging blockchain technology and a cloud-based Payments-as-a-Service model, the platform helps businesses digitize their entire money-in and money-out lifecycle.
Utilizing Paystand transforms the finance department from a cost center into a driver of efficiency and profitability. Instead of losing revenue to per-transaction percentages, your organization can move toward a zero-fee model that keeps more capital within the business. The deep integration with existing ERP systems ensures real-time reconciliation, removing the human element from repetitive tasks and allowing your team to focus on strategic financial planning.
Organizations using the platform frequently see dramatic improvements in their working capital, while providing a seamless, branded payment experience for their customers and vendors.
Paystand Features
To provide a comprehensive solution for modern finance, the platform includes a robust set of tools designed to handle everything from local billing to international payouts.
- AP Automation: Streamlines the entire payables lifecycle from invoice approvals to digital vendor payments directly within your ERP.
- AR Automation: Digitizes invoicing and collections to accelerate payments and remove manual intervention.
- B2B Payment Network: Enables zero-fee bank-to-bank transactions via the proprietary Paystand Bank Network.
- Billing & Receivables: Offers automated tools to reconcile invoices and manage customer billing cycles effortlessly.
- Blockchain-Certified Records: Uses enterprise blockchain to create a secure, immutable, and tamper-proof audit trail for every transaction.
- Collections Automation: Features automated reminders and embedded Pay Now buttons to prompt faster customer action.
- Corporate Cards & Expense: Provides integrated spend management tools and corporate cards to control and analyze company expenditures.
- ERP Integrations: Plugs directly into workflows for NetSuite, Sage, Microsoft Dynamics 365, Acumatica, and QuickBooks Online.
- International Payments: Supports global financial operations, including Canadian EFT and FX payouts for cross-border business.
- Mobile & Tablet Accessibility: Offers a seamless experience across devices, ensuring finance leaders can monitor dashboards and approve payments on the go.
- Smart Lockbox: Modernizes traditional check processing by digitizing and matching incoming paper payments to open invoices.
- Zero-Fee Processing: Shifts the payment model from transaction-based fees to a subscription-based approach to reduce overhead.
These features work in tandem to eliminate the friction typically associated with B2B commerce. By automating the heavy lifting of data matching and fund verification, the platform ensures that your financial data remains accurate across all integrated systems.
Finance leaders recognized Paystand as a G2 Mid-Market Accounts Receivable Leader. Our users highlight smooth implementation, rapid adoption, and measurable savings that prove better infrastructure drives better outcomes.
G2 Review Summary
Transforming the Financial Workflow
Getting started with Paystand involves integrating the platform directly with your current ERP or accounting software, such as NetSuite or Sage Intacct. Once connected, you can replace traditional, high-fee payment methods with the Paystand Bank Network and branded payment portals. Your finance team can then automate invoicing and payment reminders, while the system handles real-time fund reconciliation as funds arrive.
According to Paystand’s data, current customers can see annual savings of up to $939,000, depending on their processing volume. Furthermore, the platform’s ability to automate the cash lifecycle typically reduces DSO by 40%, significantly increasing available working capital.
