Paystand, the fastest-growing blockchain-enabled B2B payments platform, has announced its integration with Microsoft Dynamics 365 Business Central. This integration aims to streamline accounts receivable automation for small and medium-sized businesses (SMBs) finance departments. By eliminating slow manual processes, reducing days sales outstanding (DSO), and speeding up time-to-cash without any fees, Paystand revolutionizes the way businesses handle their accounts receivable processes.
Integration between Paystand and Microsoft Dynamics 365 Business Central
The integration between Paystand and Microsoft Dynamics 365 Business Central brings significant benefits for SMB finance departments. By seamlessly connecting these two platforms, businesses can automate their accounts receivable processes, improving efficiency and reducing the risk of human error. This integration empowers finance teams to optimize their operations and focus on more strategic tasks.
Benefits of integration for SMB finance departments
One of the key benefits of the Paystand and Microsoft Dynamics 365 Business Central integration is the elimination of slow, manual accounts receivable processes. With manual processes being prone to errors and time-consuming, automation significantly reduces the risk of mistakes and speeds up the overall process. This results in improved cash flow and enhanced customer satisfaction.
Additionally, the integration helps businesses reduce their days sales outstanding (DSO). By automating the accounts receivable (AR) process, companies can send invoices faster and receive payments more promptly. This leads to a decreased DSO and ensures that businesses receive their funds in a timely manner. Moreover, Paystand’s integration with Microsoft Dynamics 365 Business Central eliminates any fees that are typically associated with traditional payment processing methods. This cost-effective solution enables businesses to improve their margins and boost operating cash flow by reducing unnecessary expenses.
Paystand’s modern Payments-as-a-Service model for Microsoft Dynamics 365 Business Central customers
PayStand provides Microsoft Dynamics 365 Business Central customers with a modern Payments-as-a-Service model that is digital and intuitive. This model allows businesses to leverage PayStand’s advanced features to streamline their payment processes and enhance the overall customer experience.
Automated Paystand features that incentivize customers to pay sooner
With Paystand’s integrated features, businesses can incentivize their customers to pay invoices sooner. The platform offers automated features such as embedded “pay now” buttons, making it easier and more convenient for customers to settle payments promptly. By providing incentives and removing barriers to payment, businesses can significantly reduce late payments and improve their cash flow.
One-click features to eliminate costly and error-prone processes
Paystand’s integration with Microsoft Dynamics 365 Business Central offers one-click features that eliminate expensive and error-prone processes. Business users can now automate complex tasks, such as reconciliation and data entry, with just a single click. This not only saves valuable time but also reduces the likelihood of errors, ensuring accurate and efficient payments.
Paystand’s zero-fee, real-time payment rail is called the Bank-to-Bank Network
Paystand’s technology leverages its zero-fee, real-time payment rail called the Bank-to-Bank Network. This network provides businesses with a cost-effective and efficient solution for processing payments. By utilizing this secure and reliable payment rail, businesses can streamline their financial operations and reduce reliance on expensive payment processors.
Automating receivables and revenue within the Microsoft Dynamics ecosystem
The integration between Paystand and Microsoft Dynamics enables businesses within the ecosystem to automate their receivables and revenue processes. By simplifying and digitizing these critical financial processes, businesses can save costs, improve efficiency, and increase return on investment (ROI).
Paystand’s previous native integrations with NetSuite and Sage
The integration with Microsoft Dynamics 365 Business Central marks Paystand’s third native integration, following successful integrations with NetSuite and Sage. This demonstrates Paystand’s commitment to providing seamless and powerful payment solutions for a wide range of ERP systems, catering to the diverse needs of businesses across various industries.
Early access and availability of the integration
Paystand will offer early access to the integration at the Microsoft Dynamics User Group Conference. Users will have the opportunity to experience the benefits of the Paystand and Microsoft Dynamics integration firsthand. The integration is expected to be available in Microsoft AppSource later this year, ensuring wider accessibility for businesses using Microsoft Dynamics 365 Business Central.
Involvement of Microsoft Dynamics VAR Partners in Paystand’s partnership program
The invitation for early access is also extended to Microsoft Dynamics VAR Partners. By involving VAR Partners in Paystand’s partnership program, Paystand aims to strengthen its collaboration with value-added resellers. This partnership program allows VAR Partners to capitalize on the benefits of Paystand’s integrated payment solutions, expand their service offerings, and deliver added value to their clients.
The integration between Paystand and Microsoft Dynamics 365 Business Central revolutionizes the way businesses handle their accounts receivable processes. By automating and digitizing these critical financial operations, businesses can reduce manual errors, streamline their payment processes, and enhance customer satisfaction. With its zero-fee payment rail and modern Payments-as-a-Service model, Paystand provides a cost-effective, efficient, and user-friendly solution for businesses leveraging Microsoft Dynamics 365 Business Central.