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Paystand integrates B2B Payments with Microsoft Dynamics 365 Business Central

By Delisha Fernandes

April 16, 2024

  • B2B Payments
  • bank-to-bank payment
  • Digital Payments
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Paystand

Paystand, the global leader in B2B payments, has brought full payment integration to Microsoft Dynamics 365 Business Central.

In addition, Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance. It has also established a partnership with independent software vendor ERP Connect Consulting (ERPCC) to jointly provide customers with access to ERPCC’s Financial Dashboard and Invoice & Statement Delivery.

“Microsoft Dynamics 365 Business Central customers deserve the savings offered by ERP automation,” said Max Robbins, Vice President, Partnerships, Paystand. “Our payment systems provide those customers with additional savings by incorporating manual A/R tasks into a seamless digital payments flow that brings revenue in faster with zero fees or intermediaries. Additionally, our partnership with ERPCC gives our Business Central Paystand users valuable tools and insights that can speed time to cash and decrease DSO.”

Paystand’s tools boost A/R efficiency through automation and incentivize payers to change their financial behaviour, enabling earlier, more profitable payments for finance departments. CFOs using Business Central can leverage Paystand’s unique fee-less B2B payment platform and tools to move to a fully digital payments flow, including full reconciliation automation and a bank-to-bank payment network that eliminates card fees.

“When we discovered the functionality and value proposition offered by Paystand, we knew it was a tool that not only could be used day-to-day internally but also had the potential to greatly benefit our client base,” said Ben Cole, President ERP Connect Consulting. “Partnering with Paystand is a natural fit for us – we can bring these innovative solutions to our clients, empowering them to streamline their AR payment processing and elevate their business operations to new heights.”

The two key features of Paystand particularly stood out. First, the embedded nature of the app seamlessly integrates with the existing Business Central system, enhancing efficiency and increasing ease of use for all users. Second, the diverse range of payment options available via the Paystand payment link within invoices provides clients with the flexibility and convenience of accepting all forms of payments from their customers. This feature helps decrease payment friction and ultimately helps clients get paid faster.

Delivered as a native integration to Microsoft Dynamics 365 Business Central, Paystand’s technology accesses Paystand’s Bank-to-Bank Network – the only zero-fee, real-time payment rail available for business, unlocks Paystand’s profitability behaviour model, and creates smart invoices with embedded payment options.

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