Acumatica - Datasheet

Payments and A/R

Automation for Acumatica

1 ROI FOR PAYSTAND CUSTOMERS
62%
Decrease DSO
51%
Cost Savings
$90k
Labor Savings
70%
A/R Tasks Automated

Paystand makes it easy to collect payments and
automate the Accounts Receivable process within
Acumatica. With native Acumatica functionality,
the Paystand integration streamlines invoicing,
payments, and reconciliation while removing hours
of manual AR tasks from your workload.

Obtain access to Paystand’s dashboard, which offers
advanced merchant services like recurring billing for
subscriptions, virtual terminals, and built-in fee
management controls.

Instead of charging customers expensive fees based
on transaction volume, Paystand offers flat monthly
pricing and zero-fee bank to bank payments.

“Paystand has
significantly simplified
our internal AR process.
We used to go through
three separate systems,
but now it all flows
through one”

Brad Moos

CEO
Product Labs

¹ Based on average customer processing $50MM in volume over 3 years:
40% credit card, 30% ACH, 30% paper check

Manage, Reduce, and Eliminate Payment Processing Fees

• Accept zero-fee direct bank payments over the Paystand Bank Network
• Accept Credit Cards, Debit Cards, and ACH at wholesale rates
• Enable Least-Cost-Routing to steer customers to the payment option that results in the lowest cost
to the merchant
• Use “Convenience Fees” to offset transaction costs and generate new revenue

Streamline the Collections Process and Improve DSO

• Add payment links and Pay Now buttons to invoices, billing reminders, and more
• Give customers self-service options to select and pay invoices
• Use virtual terminals to process payments on behalf of your customers in the Paystand dashboard

Apply and Reconcile Payments Instantly within Acumatica

• Reconcile payments and daily bank transfers in real-time using ‘Automatic Reconciliation’
• Automatically apply payments to invoices and sales orders with ‘Instant Cash Application’
• Receive automatic transfer reports and ledger updates with details of a deposit, its transactions, and
any invoices and sales orders a deposit affects
• Refunds, fees, convenience fees, discounts, disputes, and adjustments all reflected in Acumatica

Improve Security and Compliance with Built-in Assurety

• PCI DSS Level-1 certified payment processor
• Enable two-factor authentication
• Securely store customer payment data with Fund-on-File tokenization

Launch during 2024