According to a press release, PayStand, a blockchain-enabled B2B payment firm, has announced many updates to its Sage Intacct integration to increase cash velocity and add additional automation.
A virtual terminal, multiple invoices, automatic collections, support for numerous entities for merchants, autopay, and other features are among the upgrades.
The PayStand and Sage relationship resulted in ways for customers to develop embedded payment alternatives, improve cash flow, and automate cash applications, among other things, and it was launched in May 2021.
“Paystand’s primary objective is helping finance executives utilizing Sage Intacct increase their cash velocity through the adoption of next-gen B2B payment solutions,” said Jeremy Almond, CEO of PayStand. “As we head into an economic climate plagued with inflation and volatility.”
The improvements to our Sage Intacct connection “enable us to enable finance teams to walk into the future of B2B payments—one that is cashless, feeless, and frictionless.”
Melody Williams, head of business development at Sage for Sage Intacct, added that the integration of AR and payments automation will reduce transaction costs, increase time to cash, and automate billing, payments, and reconciliation.
In order to integrate Transcard’s SMART Hub payment system, Sage Intacct recently teamed with the latter company’s payments and data technology platform.