Celigo is a Complete Integration Platform (iPaaS) that allows IT and line of business teams alike to automate both common and custom business processes, enabling the entire organization to be more agile and innovate faster.
Feature
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Paystand
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Celigo
|
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Pricing | Subscription based on annual volume processed through the system. |
Subscription-based pricing model Premium and Standard edition is $1200 per month and $2500 per month, respectively. The premium and enterprise edition are meant to handle an increasing number of complex integrations and support different kinds of business processes. |
Integration | Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. |
Can integrate with NetSuite & many other systems. |
Credit Card Rate | 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired) |
Does not offer credit card processing capabilities. |
ACH Rate | $0.35 per transaction (plus ability to pass over to payer if desired) |
Does not offer ACH processing capabilities. |
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. |
Celigo’s Payout-to-Reconciliation Business Process App automates reconciliation processes and identifies any payment discrepancies and unsettled amounts, streamlining accounting processes. Transaction Matching Engine that matches and reconciles bank and credit card statements and deposits without having to manually select each transaction from your bank statement. |
Payments Interface | Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. | Requires custom development to brand, modern UI/UX. |
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. |
Celigo's Cash Application Manager - NetSuite Connector automatically converts bank Lockbox files into digital payments in NetSuite. Customer payments made via lockbox, wire transfers, or ACH are automatically and immediately applied against invoices in NetSuite. The real-time nature of A/R processing reduces days sales outstanding (DSO), improves cash flow management, and provides real-time payment statuses. |
Customer Statements | Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. | Celigo manages their customer invoices and statements through ERP integration such as Netsuite and reconcile from ERP payment gateway. |
Automated Payments | Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment. |
Celigo does not offer auto-pay or recurring billiung, however with Netsuite Subscription Plan you can build and bill recurring subscriptions. |
PCI Compliance | Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. |
Celigo customers must maintain their own PCI Compliance, however can become absolved using third party such as integrator.io |
3rd-Party Required | None |
3rd party processor and gateway Integration with ERP allows Payment Gateway. |