BILL
BILL is a financial operations platform that automates accounts payable and receivable processes to help small and mid-sized businesses manage cash flow and simplify complex back-office financial tasks.
Paystand
Paystand provides a decentralized payment network that helps you automate accounts receivable, eliminate credit card fees, and accelerate your cash flow through a digital-first commercial payment platform.
Quick Comparison
| Feature | BILL | Paystand |
|---|---|---|
| Website | bill.com | paystand.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $45/month | Custom Pricing |
| FREE Trial | ✓ 30 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2006 | 2013 |
| Headquarters | San Jose, USA | Scotts Valley, USA |
Overview
BILL
BILL helps you take control of your financial back office by automating the way you pay bills and get paid. You can ditch manual data entry and paper checks by digitizing your entire accounts payable and receivable workflows. The platform uses AI to scan invoices, routes them for approval automatically, and lets you issue payments via ACH, virtual cards, or international wires with just a few clicks.
Beyond simple payments, you can manage employee spending and corporate cards through integrated expense management features. It syncs directly with your existing accounting software like QuickBooks or Xero to keep your books updated in real-time. Whether you are a solo founder or a growing mid-market firm, you can eliminate bottlenecks and gain a clearer view of your business cash flow from a single dashboard.
Paystand
Paystand is a digital payment platform designed to modernize your entire accounts receivable process. By moving away from manual paper checks and high-fee credit cards, you can transition to a fully digital, automated workflow. The platform uses a unique blockchain-based network to enable feeless B2B payments, allowing you to collect money faster while reducing the administrative burden on your finance team.
You can integrate the software directly into your existing ERP system to automate everything from invoice delivery to payment reconciliation. It is built for mid-market and enterprise companies that handle high volumes of B2B transactions and want to lower their cost of acceptance. By providing your customers with a seamless, branded payment portal, you improve the payment experience while gaining real-time visibility into your outstanding revenue.
Overview
BILL Features
- AI Invoice Entry Capture invoice data automatically using AI that extracts vendor details and amounts to eliminate manual typing errors.
- Automated Approvals Create custom approval workflows so bills are automatically routed to the right person for a digital sign-off.
- Flexible Payments Pay your vendors your way using ACH, credit cards, international wires, or even automated paper checks.
- Smart Invoicing Send professional invoices electronically and set up automatic payment reminders to help you get paid faster.
- Expense Management Issue corporate cards to your team and set proactive spend limits to control company costs before they happen.
- Accounting Sync Connect your accounting software to sync transactions automatically and ensure your general ledger is always accurate.
Paystand Features
- Paystand Bank Network. Send and receive wholesale B2B payments with zero transaction fees using a secure, digital bank-to-bank network.
- Automated Reconciliation. Eliminate manual data entry by automatically matching incoming payments with your open invoices in real-time.
- Smart Lockbox. Convert paper checks into digital assets automatically to speed up your deposits and reduce manual handling errors.
- Branded Payment Portal. Give your customers a professional, self-service interface where they can view and pay multiple invoices at once.
- ERP Integration. Connect your payment data directly with NetSuite, Sage Intacct, or Microsoft Dynamics to keep your books synchronized.
- Recurring Billing. Set up automated payment schedules for subscriptions or installments to ensure consistent and predictable cash flow.
- Virtual Credit Cards. Issue and manage corporate spend with virtual cards that give you total control over company expenses.
- Collection Workflows. Create automated email reminders and follow-up sequences to reduce your Days Sales Outstanding (DSO) significantly.
Pricing Comparison
BILL Pricing
- Choice of AP or AR focus
- Unlimited document storage
- Standard approval workflows
- Import/export with accounting software
- Email and chat support
- Everything in Essentials, plus:
- Sync with QuickBooks and Xero
- Custom user roles and permissions
- Multi-level approval workflows
- Centralized inbox for invoices
Paystand Pricing
Pros & Cons
BILL
Pros
- Significantly reduces time spent on manual data entry
- Seamless integration with popular accounting software like QuickBooks
- Easy-to-use interface for non-technical team members
- Reliable digital audit trail for all transactions
- Mobile app makes approving payments easy on the go
Cons
- Monthly per-user fees can become expensive
- Transaction fees apply for certain payment methods
- Customer support response times can be slow
- Occasional sync errors with external accounting tools
Paystand
Pros
- Significantly reduces credit card processing fees
- Seamless integration with major ERP systems
- Automates repetitive manual reconciliation tasks
- Speeds up the time to collect payments
- Provides a modern payment experience for customers
Cons
- Initial technical setup requires significant time
- Customer support response times can be slow
- Learning curve for navigating the administrative dashboard
- Occasional sync errors with specific ERP versions