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Cleo partners with Paystand to automate B2B payments- integrating the creation of sales orders, invoices, order-to-cash and accounts receivable (AR) processes directly with ERP, CRM, eCommerce, and accounting systems

May 14, 2025 //  by Finnovate

Cleo announced a strategic partnership with Paystand, a B2B payments solution provider that works largely with retailers, manufacturers, distributors, and software vendors. Paystand can help retailers, manufacturers, distributors and software vendors automate their order-to-cash and accounts receivable (AR) processes, letting them collect revenue faster. Todd Kibisu, Channel Account Manager at Paystand. “Cleo’s platform automates the creation of sales orders and invoices in our customers’ ERP systems, and Paystand seamlessly takes over at this point by automating AR processes through the reconciliation of funds. Together, we’re enabling businesses to save time, reduce costs, and unlock new growth opportunities.” Through this collaboration, Paystand also delivers ecosystem integration to customers, offering: Streamlined Operations: Eliminate manual data entry for AR tasks and integrate directly with ERP, eCommerce, and accounting systems. Enhanced Visibility: Comprehensive views of payment transactions, improving tracking, reducing fees, and mitigating risks. Improved Customer Experience: Integration with CRM systems enables better customer support, communication, and overall management.

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Category: Members, Networks Processors & PSPs, Innovation Topics

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