Paystand, the pioneering feeless B2B blockchain-enabled payment platform, has announced the integration of its automated payment solution with Acumatica. With thousands of users across multiple industries benefitting from Acumatica’s cloud-based ERP platform, this partnership allows businesses to fully leverage digital finance and automation, streamlining their payment processes and improving operational efficiency.
Benefits for Acumatica Users
Acumatica users, spanning industries from construction to distribution and retail, now have access to Paystand’s cutting-edge payment technology. By embracing this integration, businesses can tap into the advantages of digital finance, simplifying payment processes, and accelerating cash flow. With Paystand’s automation tools and feeless bank-to-bank payment options, finance departments can move away from antiquated and expensive payment methods that often cause delays in settlements.
Transforming Financial Behaviors
With Paystand’s solution, finance departments have the power to incentivize customers to adopt new and improved financial behaviors, such as making earlier payments. By offering zero-fee payment options and providing attractive incentives, businesses can achieve accelerated payments and optimize their cash flow. This shift away from traditional payment methods not only benefits the business but also enhances customer satisfaction through improved efficiency and convenience.
Automation and Reconciliation
One of the key advantages of the Paystand and Acumatica integration is the ability to automate the entire reconciliation process. AR staff can now streamline their operations by utilizing Paystand’s reconciliation automation, eliminating the need for manual data entry and reducing the chance of errors. Furthermore, with feeless bank-to-bank payment options, businesses can avoid unnecessary card fees, saving costs and improving overall financial performance.
Enhanced Efficiency for Accounting Teams
The Paystand integration with Acumatica brings a host of time-saving tools and processes to accounting teams. By synchronizing payment data, accounting departments can achieve seamless reconciliation, reducing time spent on manual processes. This increased efficiency translates into higher margins and improved operational cash flow, enabling businesses to allocate resources to other critical areas of their operations.
Access to Paystand’s Bank-to-Bank Network
Acumatica users can now leverage Paystand’s Bank-to-Bank Network, a unique zero-fee, real-time payment rail designed exclusively for businesses. This innovative network offers a seamless payment experience, allowing users to transfer funds without incurring transaction fees. With the option to choose payment methods via the Paystand Bank Network, ACH, or credit card, businesses have greater flexibility and control over their payment processes.
Cost Savings and Receivables Optimization
By eliminating transaction fees, Paystand empowers Acumatica users to significantly reduce their receivables costs. Businesses can save 50% or more on transaction fees, effectively increasing their bottom line. With improved cash flow and reduced costs, companies can reinvest these savings into growth initiatives, whether it be expanding operations, investing in new technologies, or enhancing customer experiences.
Moving towards a fully digital B2B payments structure
The integration between Paystand and Acumatica enables users to transition their entire payment chain and customer environments into a fully digital B2B payments structure. By embracing digitization, businesses can enjoy greater efficiency, accuracy, and transparency in their financial operations. This digital transformation not only enhances the payment process but also paves the way for future innovations and technologies within the B2B payment landscape.
The collaboration between Paystand and Acumatica marks a significant milestone in the evolution of B2B payments. With Paystand’s feeless and blockchain-enabled payment platform integrated into Acumatica’s ERP system, businesses now have access to advanced payment solutions that optimize financial operations, accelerate cash flow, and reduce costs. By embracing digital finance and leveraging automation capabilities, companies can achieve unprecedented efficiency, enhancing their competitive edge in an increasingly digital economy.