Announced at Directions North America, Paystand, a B2B payment solutions provider, has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition, Paystand will support Dynamics NAV, GP, AX and Dynamics 365 Finance.
The payment solutions provider has also partnered with ERP Connect Consulting (ERPCC) to provide customers with access to ERPCC’s Financial Dashboard and Invoice and Statement Delivery.
Paystand’s tools help boost A/R efficiency through automation and incentivize users to adapt their financial behavior to enable more profitable payments for finance departments. Those leveraging Business Central can use Paystand’s fee-less B2B payment platform and tools to move to fully digital payments that include full reconciliation automation and a bank-to-bank payment network which eliminates card fees.
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Noting two key features of Paystand, its integration with the existing Business Central system and the diverse range of available payment options, Ben Cole, president, ERP Connect Consulting, said: “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.
“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.”
Max Robinson, vice president, partnerships, Paystand, said: “Microsoft Dynamics 365 Business Central customers deserve the savings offered by ERP automation.
“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.”
Having first partnered with Microsoft in October last year, Paystand is expanding the reach of its Payments-as-a-Service model to Business Central customers around the globe.
