Payment Processing Software Resources

Paystand offers businesses an end-to-end financial suite that automates accounts receivable (AR) , eliminates transaction fees on its bank-to-bank network, and provides full reconciliation with your ERP. Key features include: Zero-fee B2B payments: Paystand's subscription-based "Payment-as-a-Service" model allows companies to eliminate per-transaction fees by directing customers toward fee-free bank transfers on its blockchain-enabled network. Accounts receivable (AR) automation: This feature digitizes and streamlines invoicing, automated payment reminders, and cash application, which helps reduce Days Sales Outstanding (DSO). Branded and self-service payment portals: Businesses can create customized, white-labeled portals for customers to view and pay invoices, speeding up collections and improving the payer experience. ERP and accounting integrations: The platform integrates with major systems like NetSuite, Sage Intacct, Microsoft Dynamics, and others, ensuring seamless data synchronization and automated reconciliation. Incentives for payment methods: Businesses can set incentives like early-pay discounts or convenience fees to encourage customers to use more profitable digital payment methods over costly credit cards. Next-day funds availability: Companies on the Paystand network can access their funds faster, often within one business day, which provides better cash flow visibility. Data and analytics: The platform provides real-time dashboards for full visibility into accounts receivable aging, cash flow, and payment statuses.

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Yes, Paystand supports AP automation through TeamPay, which is part of the Paystand platform. With TeamPay, businesses can approve vendor bills, pay digitally directly from their ERP, send automated remittance advice, and reconcile payments in real time. This helps streamline the full AP workflow while maintaining control and visibility over outgoing payments.

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