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      1. Sales Enablement
      2. Competitors

      BLACKLINE

      BlackLine provides accountants with an intuitive interface for performing account reconciliations that includes standardized templates, workflows for preparation, approval and review, linkage to policies and procedures, and integrated storage.

      BlackLine is NOT a payment gateway or processor.

       

      Feature

       

       

      Paystand

       

       

      BlackLine

       
      Pricing Subscription based on the annual volume processed through the system. 

      Subscription-based pricing model. Pricing is not listed online but reviews confirm it's on the higher-end.
      Integration Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. 

      The BlackLine Connector for NetSuite automatically formats and securely imports all NetSuite data into BlackLine, enabling true data compatibility and more accurate and efficient reconciliations. NetSuite general ledger data is automatically updated in BlackLine on a schedule of your choosing. Reconciliations are also automatically decertified if they fall out of balance. 
      Credit Card Rate 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired)

      Does not provide credit card processing capabilities themselves.
      ACH Rate $0.35 per transaction (plus ability to pass over to payer if desired)

      Does not provide ACH processing capabilities themselves.
      Free Payment Option Paystand's Bank-to-Bank Network (0.00% + $0.00 per transaction) None
      Fee Management

      Paystand offers two options, Convenience Fees and our Credit Incentivization Feature.

      Convenience Fees actually passes the fee along to the payer to motivate them to move over to more cost-effective options. Majority of our customers do this and pass over a 3% fee to create an additional source of revenue to cover the cost of the monthly subscription fee.

      The Credit Incentivization Feature allows you to instead offer a 1% credit on the current or next invoice if they choose to pay with Bank-to-Bank instead of CC, which would end up saving you the 1.39% you would have ended up paying had they paid through CC (originally 2.39%.) 

      		 No fee management information found.
      Automatic Reconciliation Yes, all reconciliation for payments made through Paystand is done automatically.

      Automate frequent reconciliations for continuous control and validation, BlackLine Daily Reconciliations enables continual monitoring of accounts for accuracy throughout an accounting period by automating these more frequent, labor-intensive reconciliations.

      Automated reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations (ERP, bank, subledger, schedules, etc.) and invoice-to-PO matching.
      Payments Interface Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. BlackLine is upgrading its user interface (UI) across the entire platform to create a more intuitive and streamlined user experience. Provides real-time analysis with greater insight to stay up on trends in customer behaviors. https://www.blackline.com/blog/new-solutions-innovations-2021
      Click-to-Pay on NetSuite Invoices Auto-Embedded within new or existing NetSuite templates & workflows. Embedded within new or existing NetSuite templates & workflows.
      Cash Application Real Time: payment records written to NetSuite instantly to auto-update the balance on the invoice.

      BlackLine Cash Application transforms the order-to-cash cycle by significantly reducing the time it takes to apply cash to open invoices. When customer payments are received, BlackLine Cash Application uses AI to accurately apply payments to customer invoices in your ERP.
      Customer Statements Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. Part of their Cash Application software. When customer payments are received, BlackLine Cash Application uses AI to accurately apply payments to customer invoices in your ERP. Automates Billing and Invoicing.
      Automated Payments Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment.

      No Auto-Pay functionality stated.
      PCI Compliance Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. 

      Blackline customers must maintain their own PCI compliance.
      3rd-Party Required None

      Blackline is not a payment gateway or processor: Accounting SAAS platform Integrating your ERP with BlackLine helps by bridging the gaps associated with complex finance and accounting processes. Integration with ERP allows Payment Gateway.