We are excited to announce the new strategic partnership between Paystand and Appficiency!
Paystand is the leading blockchain-enabled B2B payments network, and Appficiency is a top NetSuite Alliance Partner and a leader in construction industry solutions. Together, we’re bringing a powerful combination of ERP expertise, AR/AP automation, and fee-less payments to the construction vertical.
Where ERP Expertise Meets Blockchain Innovation
The Partnering of complementary capabilities of both organizations redefines financial operations for construction firms. Paystand is the world’s first blockchain enabled B2B payments network, helping companies make and receive payments with zero fees, full transparency, and complete automation. Appficiency is a premier NetSuite Alliance Partner specializing in industry tailored ERP solutions, with deep expertise in construction and project-based businesses.
Why This Matters for Construction Firms
Construction companies face unique financial challenges, including complex billing structures and retainage, as well as project-based cash flows and high transaction costs. Addressing these challenges requires modern, efficient tools. Paystand is committed to helping firms streamline these operations. As Sara Scarlett Adkins, Sr. Channel Partner Manager at Paystand explains, “Construction firms need modern financial tools to keep projects moving and protect profitability. Together with Appficiency, we’re bringing fee-less payments and AR/AP automation to NetSuite customers in construction.”
Through the partnership between Paystand and Appficiency, firms can look forward to Automated AR & AP Workflows that eliminate manual processes and accelerate project cash cycles. Zero-Fee Payments to remove costly credit card fees and protect already thin margins. Real-Time Cash Visibility that gains full transparency into project finances and retainage tracking. Seamless NetSuite Integration that is built natively into NetSuite for fast deployment and minimal disruption.
Value to NetSuite Customers & Partners
Appficiency keeps client success at the forefront of its mission, a commitment that is evident through its collaboration with Paystand. “We’ve seen firsthand how manual financial processes slow down construction projects. Partnering with Paystand means our clients gain next-generation financial operations embedded directly in NetSuite,” says Paul McDonagh, SVP Sales & Alliances at Appficiency.
This partnership delivers clear value for NetSuite customers:
- Construction Firms will Improve cash flow, reduce costs, and modernize financial operations.
- The NetSuite Ecosystem will gain a better-together solution that enhances NetSuite’s construction vertical offering.
- Appficiency Clients will unlock a complete financial toolkit that goes beyond ERP, delivering measurable ROI.
Together, Paystand and Appficiency are shaping the future of financial operations for construction firms, enabling faster, more transparent, and more efficient management of projects and payments within NetSuite.
Discover how Paystand + Appficiency transform construction finance