ACCOUNTS RECEIVABLES
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Company
Paystand is revolutionizing B2B payments with a modern infrastructure built as a SaaS on the blockchain, enabling faster, cheaper, and more secure business transactions.
Our mission is to reboot commercial finance by creating an open financial system.
Payments as a ServiceWhere We Operate
United states
Paystand is headquartered in California and operates nationwide, serving businesses across all 50 states.canada
We support operations in Canada with localized payment capabilities, including CAD EFT and cross-border support.
Automate invoice reminders, payment follow-ups, and dunning automation to improve collections and reduce manual work.
Save on Fees While Speeding Up Collections
Why sacrifice margins just to get paid? Paystand combines collections automation with modern digital payment infrastructure so businesses can accelerate collections while improving operational efficiency.
Automated invoice reminders, structured payment follow-ups, and dunning automation help finance teams stay consistent with customer communication while reducing manual effort.
Key Benefits:
- Automate invoice reminders to encourage on-time payments
- Trigger structured payment follow-ups based on payment status
- Use dunning automation to manage overdue accounts consistently
- Add payment links to reminders so customers can quickly pay outstanding invoices.
Collections Tools Built for Modern Finance Teams
Automated Collections Software
Reduce manual effort with workflows that automate invoice reminders, payment follow-ups, and customer communication.
Flexible Integrations
Connect Paystand with your ERP and finance systems to keep collections workflows aligned with your financial data.
Digital Payment Capabilities
Embed payment links directly into customer communications to simplify payments and accelerate collections.
Operational Efficiency
Improve collections performance by reducing manual outreach and standardizing payment follow-ups across accounts.
CASE STUDY
Improve Payment Efficiency with Automated Collections
Penntek Coatings, a leader in floor coatings manufacturing and distribution, struggled with manual check processing, high credit card fees, and inconsistent collections processes.
After implementing Paystand's collections automation tools, they improved operational efficiency and modernized how customers paid.
Results included:
- 58% increase in annual transaction volume
- 35% reduction in credit card transactions
- $65,300 saved in transaction costs within six months
This shift helped streamline collections operations while improving overall cash flow visibility and the customer payment experience.
Turn Collections into a Strategic Finance Function
Testimonials
“Paystand’s digital payment solution has saved us money and improved our customer experience. It's been a game-changer for our operations.”
Bob Thonet
CFO
Connect Any ERP to Paystand
Paystand integrates with leading ERP and financial systems so finance teams can manage collections workflows alongside their financial operations.
Paystand collections tools operate as part of a broader accounts receivable automation platform, helping businesses modernize how they manage receivables, payments, and financial operations.
