The Ultimate Guide to Paystand Features for Payment Automation Success

Table of Contents

1. What are the Core Features of Paystand and How Do They Streamline B2B Payments?
2. Key Paystand Features Finance Teams Should Prioritize
3. Comparing Paystand to Traditional Payment Processors
   
4. Features That Improve Cash Flow & Reconciliation Accuracy
5. Top 4 Tricks for Making the Most Out of Paystand
   

Key Takeaways

• Paystand eliminates transaction fees through its subscription-based model.
• Finance teams should prioritize AR automation, ERP integration, and cash flow visibility.
• Compared to traditional processors, Paystand offers faster settlements, lower costs, and greater transparency.
• Businesses can improve B2B payment efficiency and reconciliation accuracy by leveraging Paystand’s network-based model.

Managing B2B payments efficiently is critical for scaling businesses. Traditional payment processors often come with hidden transaction fees, manual reconciliation work, and delayed fund access. Paystand flips this model by offering a blockchain-enabled payment network that eliminates unnecessary costs and automates financial workflows.

Before diving into the top 4 tricks for maximizing Paystand, let’s explore the platform’s core features and why finance leaders are increasingly choosing payment automation to streamline their AR process.

What are the Core Features of Paystand and How Do They Streamline B2B Payments?

Paystand’s payment processing platform stands out with these features:

• Zero Transaction Fees – With Paystand’s subscription-based model, businesses don’t lose revenue to costly credit card fees. Learn more about this model in What is Paystand’s Monthly Fee?
• Automated AR Process – From invoicing to reconciliation, Paystand reduces manual tasks and human error.
• Blockchain-Based Payment Network – Secure, transparent, and fully digital.
• Seamless ERP Integrations – Works with NetSuite, Sage Intacct, Xero, and other financial systems.

Want to see what customers think? Explore real experiences in Paystand Reviews on G2 and direct G2 reviews.

What Paystand Features Should Finance Teams Prioritize?

When selecting a payment automation platform, finance teams should prioritize:

1. Automated Reconciliation – Reduces manual data entry and improves accuracy.
2. Cash Flow Visibility – Real-time payment tracking helps companies optimize liquidity.
3. Network Payments – Unlike traditional processors, Paystand allows businesses to move money fee-free across its payment network.
4. ERP Integration – Ensures payments sync seamlessly into existing workflows.

For deeper insights, check out our guide on Payment Automation and how it transforms finance operations.

How Do Paystand’s Features Compare to Traditional Payment Processors?

Traditional processors rely on per-transaction fees, batch-based settlements, and manual-heavy workflows. Paystand modernizes the model by:

• Eliminating Transaction Fees (subscription-based instead)
• Enabling Instant Settlements via blockchain technology
• Automating AR Process end-to-end
• Providing Better Transparency in payment flows

This makes Paystand especially appealing to enterprise finance teams seeking a future-proof alternative to outdated processors.

For more details on digital-first finance, see our article on Finance Automation.

Are There Specific Paystand Features That Help Businesses Improve Cash Flow and Reconciliation Accuracy?

Yes. Paystand delivers measurable improvements in cash flow and reconciliation accuracy through:

• Smart AR Automation – Reduces payment delays by sending reminders and automating collection.
• Fee-Free Payments – Businesses keep more of their money, strengthening working capital.
• Instant Reconciliation – Payments automatically sync with ERP systems for accurate reporting.

Top 4 ways to Make the Most Out of Paystand

Now that we’ve explored the features, here are four proven strategies to maximize results:

1. Adopt Zero-Fee Payments Across Your Customer Base – Encourage clients to pay through Paystand’s network instead of credit cards.
2. Leverage ERP Integrations Fully – Ensure Paystand is tightly connected with your accounting tools for real-time insights.
3. Automate Collections with AR Tools – Minimize late payments and manual chasing.
4. Track Performance Through Analytics – Monitor transaction trends and cash flow patterns to continuously optimize.

By adopting Paystand and leveraging its automation-first approach, businesses can modernize their payment processing, reduce costs, and future-proof their financial operations. The top 4 tricks outlined above ensure that companies not only save money but also unlock greater efficiency in their AR process. Learn more about how Paystand can help your business.