Which products are you interested in? (select all that apply)
- Accounts Receivable
- Accounts Payable
- Expense Management
- Global Payouts
- Mexico Finance Operations
Automate invoice processing, enforce payment policies, and gain real-time visibility into your AP cycle—part of the Paystand platform.
Automate the Entire Accounts Payable Process
Paystand AP uses AI-powered invoice capture to scan bill data and route it for approval automatically — syncing approved bills to your ERP with no manual entry. Eliminate the delays of paper invoices and email-based approvals with centralized invoice management and an integrated, cloud-based workflow that keeps your team aligned and your vendors paid on time.
Always Have the Most Accurate AP Data
Paystand’s two-way ERP integration ensures every invoice, payment, and approval is instantly updated in your accounting system. Whether you’re working in Paystand or your ERP, any changes are reflected across platforms in real time—no more reconciling at month-end.
Enforce Policy and Reduce Risk
Define rules for invoice approvals based on department, amount, vendor, or other criteria. Every AP transaction is checked against your policies before approval, reducing errors, preventing fraud, and improving compliance. By preventing overspending and enforcing policy upfront, you improve cash flow and reduce financial risk.
Track AP from Invoice to Payment
View payment status and invoice status for every transaction in a centralized dashboard. Identify pending approvals, overdue invoices, and payment bottlenecks instantly so you can act before delays impact your vendor relationships.
Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire cash lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.
Accounts Payable Automation Software That Reduces Costs and Saves Time
Why Finance Teams Choose Paystand’s Accounts Payable Automation Software
Eliminate Manual Invoice Processing
Automate invoice capture, matching, and approval to cut down on data entry.
Accelerate Invoice Approvals
Use customizable workflows to approve invoices faster without bottlenecks.
Real-Time Data Sync Two-way syncing keeps your ERP and AP system updated instantly for accuracy.
Lower Processing Costs
Reduce operational expenses by removing paper-based workflows and manual tasks, delivering measurable cost savings.
Improve Vendor Relationships Ensure on-time payments, standardize payment processes, and maintain clear communication with suppliers.
Scale Without Complexity Gain full transparency into AP status with built-in policy enforcement.
Testimonials
“Teampay by Paystand has been incredibly transformational for our business. Reimbursable business expenses have dropped dramatically, which is amazing. And it just allows us much greater control over the expenses that are coming through to the business.”
Robert Fulkerson
President and CEO at RJ Reliance
Frequently Asked Questions
1. What is accounts payable automation?
Accounts payable automation uses technology to streamline the AP and payment processes from invoice capture to payment, eliminating manual tasks and improving accuracy.
2. What are the benefits of AP automation software?
Benefits include reduced processing costs, faster approvals, better compliance, and improved vendor relationships.
3. How does Paystand’s AP automation integrate with my ERP?
Paystand integrates with leading ERPs such as Sage Intacct, Microsoft Dynamics 365, NetSuite,and more, enabling two-way data sync.
4. Can AP automation help with fraud prevention?
Yes, Paystand enforces customizable approval policies and provides an audit trail for every transaction, helping detect and prevent fraud.
5. How quickly can I see ROI from AP automation?
Many businesses see immediate cost savings in processing time and costs within the first quarter of implementation.