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Power Payments for the Tech Industry

Modern tech moves fast, and your payments should, too. Upgrade to a no-fee, automated payment solution for speed and security. Discover how Paystand helps tech companies manage customer payments smarter.

Paystand for Tech Industry payments

The Payments Problems Holding Tech Back

The world’s leading companies remain hindered by outdated payment systems: manual reconciliation, long DSO cycles, limited visibility, and high costs from obsolete card processing. Even in a digital-first environment, finance teams still depend on analog tools.

Common pain points include:

  • Outdated systems that delay payments: 52% of finance leaders say outdated AR tools are slowing their cash flow.
  • Rising transaction costs: Credit card fees are climbing, cutting deep into margins.
  • Manual work eats productivity: AR teams spend up to 30% of their time on repetitive, error-prone payment tasks.
  • No visibility into key metrics: Without real-time data, it’s nearly impossible to forecast accurately or act on risk.

See how companies are reducing DSO with Paystand >>

The Payments Problems Holding Tech Back

E-BOOK

Scaling Payments with AI and Blockchain Innovation

In a forward-moving industry, your payment infrastructure must keep pace. Modern tech companies are adopting AI-powered AR platforms and blockchain networks for speed, security, and scalability.

Want a deeper dive into how AI and blockchain are reshaping payments and finance operations? We’ve unpacked it all in our latest ebook: AI and Blockchain Powering the Future of Finance.

E-Book: Unlock AI & Blockchain’s Power

Why the Tech Industry Chooses Paystand

You already run a digital-first business. Now it’s time to bring that same innovation to your financial operations. Paystand’s global tech payments solutions eliminate friction, optimize cash flow, and put your revenue on autopilot.

Here’s why tech leaders trust us:

Predictable pricing

Our flat-fee model lets you budget confidently; no surprises and no percentages taken off the top.

More revenue, fewer fees

Our Payments-as-a-Service model allows you to transfer money without losing revenue to banks and processors.

Built for scale

Whether you're a fast-growing startup or an enterprise platform, Paystand grows with your business.

100% digital, end-to-end

From invoicing to reconciliation, everything happens in one place, which is automated, integrated, and always online

Testimonials

"Paystand allows us to free up resources, reduce costs, and expedite payments with real-time posting of transactions. It gives us the ability to grow with confidence that our AR process is equipped to handle the pace of our business."

KRISTEN PARISIEN

Controller

CASE STUDY

Proven Results from a Technology Leader

When Covetrus, a global technology company serving the animal health industry, needed to transform its payment infrastructure, Paystand delivered.

By automating AR processes and integrating directly into NetSuite, Covetrus achieved:

  • 83% reduction in time spent on reconciliation
  • 50% drop in Days Sales Outstanding (DSO)
  • Increased payment speed and visibility across thousands of customers
Case Study: Covetrus

Frequently Asked Questions

1. How do tech companies choose the right payment solution?

Tech businesses need payment solutions that streamline operations, scale with growth, and enhance the payment experience. This involves prioritizing AR automation, seamless software integration, and transparent pricing. A robust solution must support diverse customer payment methods and reduce friction in internal financial services.

2. Why do tech companies choose Paystand for AR automation?

Paystand provides an automated accounts receivable solution on a no-fee payments infrastructure. Tech companies select us for eliminating manual invoicing and reconciliation, real-time payment tracking, and the hidden costs of traditional processing. It’s a digital-native solution that helps agile businesses remain lean and future-ready.

3. Are there affordable AR automation solutions for technology companies?

Paystand’s flat-fee model eliminates costly per-transaction fees that drain revenue. With no markups and full automation, tech companies can cut overhead and reinvest savings into innovation while enhancing cash flow and customer payment reliability.

4. How does AR automation help reduce DSO for SaaS companies?

SaaS companies enjoy faster collections by removing manual follow-ups and slow reconciliations. AR automation sends reminders, tracks payments in real-time, and posts them instantly to your ERP, significantly reducing DSO and enhancing revenue predictability.

5. How can AR automation software improve productivity in tech companies?

AR automation frees your finance team from repetitive tasks, allowing a focus on high-value work like forecasting, analysis, and strategic planning. It ensures consistent processes, reduces human error, and speeds up month-end close, enhancing overall finance efficiency.

6. Can AR automation integrate with my ERP or CRM?

Yes, Paystand connects seamlessly with ERP and CRM platforms like NetSuite, Sage Intacct, and Microsoft Dynamics, ensuring your tech stack is connected, data is synchronized, and implementation is smooth and minimally disruptive.

Take the Next Step

Upgrade to a payment system that keeps pace with your technological advancements.

Whether scaling a SaaS startup or managing enterprise growth, Paystand offers the tools and tech to enhance your payment infrastructure.

Let’s talk about how we can help your business thrive.