Do you need more information?
Please, contact your account manager. They can help you take your Microsoft Business Solution to the next level.
Who is Paystand?
Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire receivables lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.
New Category for Payments: Payments-as-a-Service
Paystand is breaking the incumbent expectation that as you grow your revenue, your cost to receive that revenue will go up. It shouldn’t. It should go down year after year with a flat, predictable, scalable model for growth. The same reason you are investing in Business Central.
We achieve this with two industry redefining concepts:
- A new business model (Netflix vs. Blockbuster of payments): Payments-as-a-service model VS. per transaction fee model
- New Technology (Venmo for B2B): Proprietary payment network integrated directly into the financial institutions which touched close to 2% of US payments last year (Paystand handles all payment methods including Credit Card and ACH while shifting payer behavior off of legacy onto a free rail for both you and your customers. It’s also faster, more secure, and provides instant fund validation before the transaction occurs as payers log in with their bank UI..
Reduce Costs & Generate ROI:
Paystand is the only A/R solution with a free B2B network, allowing CFO’s to pull various levers to help drive profitability for their company. See the example payment experience below:
Our customers leverage convenience fees to drive payer behavior away from credit cards to more cost effective payment rails like our free B2B payment network.
Automate the Order to Cash Lifecycle:
Paystand automates the order to cash process downstream of invoice creation within Business Central which syncs automatically to the Paystand dashboard. We can manage collections, autopay, and tokenize payment methods within the Paystand Dashboard which helps reduce your Days Sales Outstanding (DSO) and also reduces manual labor to collect outstanding A/R. See image of our dashboard below:
Cash Application: Once payment is complete, cash is instantly applied in Business Central and the information is updated in the Paystand Dashboard.
Deposit Reconciliation: At the end of each business day, Paystand reconciles your bank statement in Business Central. Paystand will automatically deposit the funds to your bank account and will generate a transfer report.
Enjoy PCI Compliance:
Paystand handles all the complexity involved with payment processing: PCI compliance, AML Laws, MTL Rules, Fraud Monitoring, Bank KYC Underwriting requirements, 1099K’s – so you can go to sleep at night knowing your money is safe.
Dedicated support you can rely on:
Each of our customers will receive access to a Customer Success Manager who will help the merchant get the most customer adoption and the most out of the Paystand solution they invested in.