AP NEWS

PayStand Integrates with Xero to Optimize B2B Payments

August 7, 2018

SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Aug 7, 2018--PayStand, the B2B payment platform for the future of commerce, today announced an integration with Xero, a leading accounting and bookkeeping software platform used by over one million small businesses.

Available on the Xero Marketplace, PayStand’s Xero plug-in allows Xero users to accept bank (ACH, Smart ACH/eCheck) and card (debit, credit) payments directly in sales orders and invoices. This dramatically speeds up time to cash, automates accounting processes and lowers transaction costs.

“Our goal is to transform commercial finance by automating the enterprise cash life cycle,” said Jeremy Almond, CEO of PayStand. “We are proud to offer PayStand’s innovative technology platform to the millions of small businesses that look to industry leaders like Xero to manage accounting and bookkeeping practices. This partnership will enable seamless and cost-effective business payments operations—another step closer toward a frictionless payments infrastructure.”

As an advanced, feature-rich ERP solution tailored to small business owners, Xero is a leading small-business accounting software. The PayStand integration is the only plug-in for Xero that offers all of the payment methods businesses require including cards, bank transfers, ACH and Smart ACH. This optimizes B2B payments and delivers Xero users the capabilities to dramatically up-level billing, invoicing and reconciliation processes while driving significant bottom-line savings.

To learn more about PayStand and Xero integrations, visit http://www.paystand.com/xero.

About PayStand

PayStand’s mission is to use modern internet, Blockchain and SaaS technologies to transform B2B payments. PayStand’s revolutionary “Payments as a Service” model creates a smart billing & payment network that can digitize receivables, automate processing, reduce time-to-cash, lower transaction costs and enable new revenue. Enterprises from manufacturers and distributors, to software platforms and service providers use PayStand’s flexible platform to integrate digital payments into their websites, invoices, ERP billing systems and mobile applications. PayStand is venture backed and has been consistently recognized as one of the top innovators in enterprise financial services. For more information, visit https://paystand.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005246/en/

CONTACT: Treble

Ethan Parker, 512-960-8222

paystand@treblepr.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE SMALL BUSINESS PROFESSIONAL SERVICES ACCOUNTING FINANCE

SOURCE: PayStand

Copyright Business Wire 2018.

PUB: 08/07/2018 07:00 AM/DISC: 08/07/2018 07:00 AM

http://www.businesswire.com/news/home/20180807005246/en

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