Paystand Upgrades Sage Intacct Integration for B2B Collections

Blockchain-enabled B2B payment company Paystand has announced numerous upgrades to its Sage Intacct integration to boost cash velocity and add more automation, a press release said.

The updates include multi-entity support for merchants, automated collections, multiple invoices, a virtual terminal, autopay and more.

The partnership between Paystand and Sage was rolled out in May 2021 and resulted in ways for users to create embedded payment options, streamline cash flow and automate cash application, among other things.

“As we move towards an economic environment rife with inflation and uncertainty, Paystand’s top priority remains helping finance leaders using Sage Intacct accelerate their cash velocity through adoption of next-gen B2B payment solutions,” said Jeremy Almond, CEO of Paystand. “The upgrades to our Sage Intacct integration allow us to enable finance teams to step into the future of B2B payments – one that is cashless, feeless, and frictionless.”

Meanwhile, Melody Williams, Sage’s head of business development for Sage Intacct, said the enabling of integrated AR and payments automation will free up time to cash, cuts down transaction fees and automates billing, payments and reconciliation.

Sage Intacct also recently partnered with payments and data technology platform Transcard to integrate the latter company’s SMART Hub payment portal, PYMNTS wrote.

Read more: Transcard’s SMART Hub Payments Collabs With Sage Intacct

The SMART Hub payment portal digitizes payment management and gives insights on whatever happened. The portal comes with a built-in onboarding module, guiding Sage customers through the process to set it up.

By integrating this with Sage Intacct, the companies want to streamline the process of making and receiving payments and cut down on the complexity.

SMART Hub reportedly does away with the need for Sage Intacct customers to set up and pre-fund new bank accounts to make or receive payments.

Williams said the two companies have a similar goal of “helping businesses overcome the barriers to frictionless financial processes.”