Company Research Report: Paystand, Inc.

Company Overview

Name

Paystand, Inc.

Mission

Paystand is on a mission to create a more open financial system, starting with B2B payments, by using blockchain and cloud technology to digitize and automate the entire cash lifecycle.

Founded

No information is available

Founder(s)

No information is available

Key People

• Jeremy Almond: Co-Founder and CEO

• Mark Hassin: COO

• Scott Bennion: CFO

• Alexandra Navarro: Chief of Staff

• Sergio Almaguer: Chief Product Officer

• Ale Pinto: SVP of People

• Mike Parks: SVP of Operations

• Scott Campbell: Co-Founder and Head of Solutions

• Tammo Stubbe: VP of Demand Generation

• Brandon Square: VP of Corp. Marketing & Brand

• Max Robbins: VP of Partner Ecosystems

• Sam Smith: VP of Customer Experience

• Allison Grieb: Chief Sales Officer

Headquarters

Scotts Valley, California, USA

Number of Employees

No information is available

Revenue

No information is available

Known For

Paystand is known for its B2B payment solutions that eliminate transaction fees, automate accounts receivable processes, and enable instant access to cash.

Products

Overview

Paystand offers a suite of products and services primarily focused on B2B payments, leveraging blockchain and cloud technologies.

Product List and Descriptions

• B2B Payments:

• Accept B2B payments digitally, providing best-in-class customer experiences.

• Key Features: Zero fees, Touchless B2B payments, Instant payments.

• Billing and Receivables:

• Automate the collections process with a fully automated communication suite.

• Key Features: Flexible invoicing, Automate receivables.

• ERP Integrations:

• Integrate payment functionality within the existing ERP or SOR.

• Key Features: Robust integrations with NetSuite, Sage Intacct, Dynamics 365, and more.

• Software Platforms:

• Payment solutions for in-house use, engaging buyers and sellers.

• Key Features: Custom payment flows, Developer tools and APIs.

• Enterprise Blockchain:

• Enable blockchain-based workflows to ensure payment and transaction data integrity.

• Key Features: Secure, certified, auditable records.

• Paystand Bank Network:

• Facilitates real-time fund transfer with zero transaction fees.

• Key Features: Real-time fund verification, Least Cost Routing for legacy payment rails.

• Smart Lockbox:

• Digitally processes paper checks, adding efficiency to payments.

• Key Features: Invoice matching, Cash application, Bank reconciliation.

Recent Developments

New Products Launched

• Smart Lockbox: Launched to help businesses move from paper checks to digital payments.

Recent Partnerships

• Expansion to Canada: Offering a full suite of payment solutions in the Canadian market.

• Integration with Microsoft Dynamics 365: Paystand announced a new integration to enhance functionality for users of Dynamics 365.

Recent Features and Capabilities

• Zero-Touch Payments: Automation of transactions to scale receivables without scaling staff.

• Smart Lockbox: Processing, depositing, and reconciling paper check payments automatically.

• Blockchain-based Compliance: Ensuring critical payment and transaction data integrity with blockchain.

Conclusion

Paystand continues to innovate and expand its footprint in the B2B payments space, leveraging robust ERP integrations, automation, and blockchain technologies to streamline accounts receivable processes and eliminate transaction fees. The company's recent expansion into Canada and integration with prominent ERP systems underline its commitment to creating an efficient, digitized financial infrastructure for businesses.