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What is Paystand?
Paystand revolutionizes B2B payments with a modern SaaS infrastructure built on blockchain technology, enabling faster, cheaper, and more secure business transactions. The platform automates the entire cash lifecycle by digitizing receivables, automating processing, reducing time-to-cash, and eliminating transaction fees that typically erode business margins.
As a comprehensive financial suite for CFOs, Paystand unites accounts receivable, payments, accounts payable, expense management, and FX payouts under one system. The platform integrates seamlessly with leading ERP and accounting systems like NetSuite, Sage Intacct, and Microsoft Dynamics, providing real-time reconciliation and automated workflows that eliminate manual intervention in financial processes.
Features
- Zero-Fee Payments: Eliminates transaction fees through subscription-based pricing and digital payment network
- Automated Reconciliation: Syncs payments instantly with ERP systems for real-time reconciliation
- ERP Integrations: Connects with NetSuite, Sage Intacct, Dynamics 365, QuickBooks and other accounting systems
- Blockchain Technology: Provides tamper-proof audit trails and secure transaction records
- Payment Portal: Offers self-service customer portals with embedded payment options
- Collections Automation: Automates invoicing, reminders, and payment collection processes
- AP Automation: Streamlines vendor bill approvals, payments, and remittance advice
Use Cases
- Automating accounts receivable processes to reduce days sales outstanding
- Eliminating transaction fees in B2B payment processing
- Streamlining accounts payable workflows and vendor payments
- Integrating payment systems with existing ERP and accounting software
- Managing corporate expenses and spend analytics
- Processing international payments and cross-border transactions
- Creating self-service payment portals for business customers
FAQs
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What types of payment methods does Paystand support?
Paystand supports multiple payment methods including eCheck, ACH, credit cards, Canadian EFT, digital check scanning, and real-time bank transfers through their Paystand Bank Network. -
Does Paystand offer international payment capabilities?
Yes, Paystand provides international payments and cross-border support, including operations in Canada with localized payment capabilities like CAD EFT. -
What industries does Paystand serve?
Paystand serves various industries including healthcare, manufacturing, construction, supply chain, solar energy, retail, and wholesale businesses. -
How does Paystand ensure payment security?
Paystand uses enterprise blockchain technology to create tamper-proof, auditable transaction records and certified security measures for all financial transactions.
