Esker
Esker is a global cloud platform that uses AI-driven automation to streamline your entire source-to-pay and order-to-cash cycles for better financial efficiency and visibility.
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 | Esker | Paystand |
|---|---|---|
| Website | esker.com | paystand.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No 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 | 1985 | 2013 |
| Headquarters | Lyon, France | Scotts Valley, USA |
Overview
Esker
Esker provides a comprehensive cloud platform designed to automate your most critical financial processes. You can manage everything from procurement and accounts payable to order management and accounts receivable in one centralized location. By using AI and machine learning, the software eliminates manual data entry, reduces processing errors, and speeds up your entire cash cycle.
You can gain real-time visibility into your global cash flow and strengthen relationships with both your suppliers and customers through dedicated self-service portals. The platform is built for mid-sized to large enterprises looking to digitally transform their back-office operations. It integrates directly with your existing ERP system to ensure your financial data remains accurate and synchronized across your entire organization.
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
Esker Features
- AI Data Capture Extract data from invoices and orders automatically using AI that learns from your specific document layouts over time.
- Supplier Portals Give your suppliers a self-service space to upload invoices, track payment status, and communicate with your team directly.
- Dynamic Dashboards Monitor your key performance indicators in real-time with customizable charts that help you identify bottlenecks and trends.
- Automated Workflows Route documents for approval automatically based on your specific business rules to ensure compliance and faster processing.
- Customer Portals Provide your customers with a convenient way to place orders, view invoices, and make payments online at any time.
- Mobile Approval App Review and approve pending invoices or purchase requisitions from your smartphone while you are away from your desk.
- Global Compliance Stay compliant with international e-invoicing regulations and tax requirements across over 60 different countries automatically.
- ERP Integration Sync your financial data seamlessly with major ERPs like SAP, Oracle, and Microsoft Dynamics without manual exports.
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
Esker Pricing
Paystand Pricing
Pros & Cons
Esker
Pros
- Significant reduction in manual data entry time
- Excellent integration with major ERP systems
- High accuracy in AI-driven document recognition
- Improved visibility into global cash positions
- Responsive customer support during implementation
Cons
- Initial setup and configuration takes time
- Interface can feel complex for new users
- Customization often requires technical assistance
- Pricing is high for smaller organizations
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