Now, as a Sage Intacct customer, you'll be able to fully digitize the entire enterprise cash cycle within your trusted ERP. Paystand's partnership with Sage allows finance teams to unlock new potential with the following:
Paystand integrates seamlessly with Sage Intacct so Sage customers can tie their existing ERP to a next-generation payments system. More specifically, with Paystand, Sage Intacct users will be able to do the following to up-level their B2B payment processes:
With Paystand's unique integration, companies that use Sage Intacct will now have the opportunity to use a digital payment network that makes cashless, zero-fee B2B payments possible. Sage Intacct customers will also be able to use Paystand to automate the entire enterprise cash cycle, streamline AR processes, reduce DSO, and collect payments instantly.
Jeremy Almond is the co-founder and CEO of Paystand. As an engineer, surfer, hacker, sailor, investor, blockchain advocate, and world traveler, Jeremy's background has informed both his unique perspective as a leader and his drive to reimagine B2B payments. Jeremy has spent the last 15 years in tech as a serial entrepreneur and startup advisor. He started his career as an engineer at nanotech startup Digital Instruments which was acquired by Veeco (NASDAQ: VECO). In this M&A-focused public corporation, Jeremy led global ERP implementation and got his first glimpse into the challenges that plague enterprise payment systems. Jeremy holds a BS in computer engineering from the University of California, Santa Barbara and an MBA from the University of Massachusetts. Today, with Paystand, he is leading the B2B DeFi movement and rebuilding the commercial finance industry from the ground up.
While there has been significant innovation in consumer payments over the last several years, today, businesses are still tied to antiquated systems that burden them with high fees, unintegrated applications, dozens of spreadsheets, and paper-heavy processes. With its zero-fee payment network and unique Payments-as-a-Service model, Paystand is dedicated to making B2B payments as swift and intuitive as Venmo or PayPal.
Paystand puts businesses first. Today, B2B payments are subject to high fees and paper-heavy processes that are inherently tied to pre-internet, legacy payment infrastructure. Paystand is the only solution that makes zero-fee payments possible. The company is dedicated to building an entirely new payment infrastructure so companies can break free from the punitive costs set forth by card networks, increase their ROI, and grow without unnecessary barriers.
Credit cards have no place in B2B payment processes. A 3% fee to move money between businesses with standing contracts, terms, and payment history is entirely unnecessary and adds no value to transactions. Additionally, ACH transactions are slow and prone to fraud, errors, or chargebacks due to the lack of security and outdated infrastructure that is employed. Paystand uses blockchain and cloud technology to safely assure every transaction and provides a direct bank-to-bank payment network that can verify funds in real-time, all with zero transaction fees. Now, companies can successfully send and receive money with a new level of trust, security, and legitimacy – minus the unfair fee structure that's tied to the current system.
Paystand is on a mission to create an open commercial finance industry, starting with B2B payments. Using blockchain and cloud technology, the company has pioneered a new Payments-as-a-Service model that puts the entire enterprise cash cycle on autopilot. Paystand makes it possible to streamline receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. Paystand has been consistently recognized as a top innovator in enterprise financial services and was named to the Inc. 5000 list as the 9th fastest growing privately held company in Silicon Valley. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on Twitter and LinkedIn.
Reduce your DSO by 62%
Save up to $90k a year in labor costs
Save up to $1.2 million on receivables over a 3-year period
Save an average of $850k on your transaction fees annually
Save an average of 50% on the cost of realizing receivables each year