Empowering Businesses: Databasics and Paystand Join Forces for Financial Efficiency

Dec 12, 2023 by Erika Hernandez

In today's dynamic business landscape, where every second counts, efficient financial management is crucial. Many small and mid-sized B2B enterprises leave money on the table when they could add to the bottom line. The challenge is that this money is in the form of scattered data, high fees, and time misuse–all of which are invisible to finance departments because they don’t always have the systems to collect and analyze it.

Paystand and DATABASICS recently announced they are partnering to offer their users trusted solutions for time, expense, and payments, all seamlessly integrated with major accounting platforms like Sage, NetSuite, and Microsoft Dynamics Business Central.

Let’s explore how this collaboration reshapes the B2B payments landscape, streamlines processes, and enhances financial efficiency.


Streamlining B2B Payments with Paystand

Paystand is a leading next-gen AR solution that incentivizes profitable changes in payer behavior. From invoice to cash, Paystand simplifies the entire payment process. With a focus on providing automated payment services, Paystand empowers businesses with cutting-edge B2B payment automation solutions, increasing profitability.


Enhancing B2B Financial Efficiency with DATABASICS

DATABASICS is a leading provider of time-tracking and expense management solutions. Its cloud-based solution is designed to optimize workflows and provide real-time reporting capabilities. Their expense tracking software simplifies and automates online expense reporting and management, enabling businesses to maintain compliance while saving valuable time and resources.


The Synergy between Paystand and DATABASICS

While Paystand and DATABASICS are distinct solutions, their synergy lies in their integration with Sage Intacct, Netsuite, and Business Central. This integration allows users to access B2B payment automation and time/expense tracking within a single platform, creating a unified financial ecosystem.

By leveraging both solutions, users can streamline accounts receivable processes, automate payments, and track expenses within their trusted ERP environment. This simplifies financial management and reduces the need for manual intervention, minimizing errors and optimizing operational efficiency.

With such a financial toolkit synched with their ERP system, users gain a competitive edge by effectively managing accounts receivable, tracking expenses, and automating crucial financial processes while enjoying the convenience of a connected platform.

This partnership marks a significant step toward making B2B financial operations smoother, more efficient, and well-equipped for the challenges of tomorrow.

For more information, visit the full press release.