Paystand

Paystand offers a comprehensive financial suite designed for the office of the CFO, unifying Accounts Receivable, Payments, Accounts Payable, Expense Management, and FX Payouts. It automates both money in and money out processes, aiming to cut costs, eliminate fees, and accelerate payment cycles for B2B transactions. The platform provides ZeroTouch Accounts Receivable automation, handling everything from invoicing to reconciliation, and enabling customers to pay through self-service portals with instant ERP updates. For Accounts Payable, it automates invoice approvals and vendor payments, ensuring real-time reconciliation and automatic remittance advice. A key differentiator is its ZeroFees model, leveraging a blockchain-based network to reduce Days Sales Outstanding (DSO) and provide instant access to funds, moving away from traditional payment processors that charge per transaction. Paystand integrates seamlessly with major ERP systems and offers robust APIs for custom payment workflow development.