Cleo and Paystand Ecosystem Modernizes B2B Payment Automation
Partnership Delivers End-to-End O2C Automation, Streamlined Operations, and Feeless Payments for Businesses
From a Press Release dated May 13, 2025, Chicago, Illinois & Scotts Valley, California
Cleo, a global leader in ecosystem integration and provider of the Cleo Integration Cloud (CIC) platform, has announced a strategic partnership with Paystand, a B2B payments solution provider. This collaboration is designed to transform how businesses automate and manage their order-to-cash (O2C) and accounts receivable (AR) processes, particularly for retailers, manufacturers, distributors, and software vendors.
“This partnership allows businesses to easily integrate their ERP and payment systems to improve cash flow and invoicing efficiency. By joining forces, we’re delivering a future-ready solution that transforms how businesses handle payments in the ever-evolving and growing digital economy,” said Ken Lyons, Chief Revenue Officer at Cleo.
Key Features and Benefits of the Partnership:
End-to-End Automation: Cleo’s platform automates the creation of sales orders and invoices within customers’ ERP systems. Paystand then takes over, automating the AR process through seamless fund reconciliation, resulting in a fully automated order-to-cash cycle with no manual intervention.
Feeless Payment Rail: Paystand offers a proprietary, feeless bank-to-bank payment system, enabling businesses to collect revenue faster and with less effort by eliminating manual AR tasks.
Ecosystem Integration: The integration allows direct connectivity between ERP, eCommerce, and accounting systems, eliminating manual data entry and streamlining operations.
Enhanced Visibility: Businesses gain comprehensive, real-time views of payment transactions, which improves tracking, reduces fees, and mitigates risks.
Improved Customer Experience: Integration with CRM systems enhances customer support and communication, supporting better overall management.
Cash Flow and Efficiency: By integrating ERP and payment systems, businesses can improve cash flow and invoicing efficiency, unlocking new growth opportunities and reducing operational costs.
Strategic Vision:
Both companies emphasize that this partnership delivers a "future-ready solution" for the digital economy, aiming to meet modern expectations for payment simplicity, security, and speed. These are areas where traditional B2B payment processes have often lagged. By leveraging Cleo’s robust integration capabilities and Paystand’s innovative payment automation technology, the partnership seeks to help businesses modernize financial operations, accelerate revenue cycles, and gain a competitive edge.
In summary, the Cleo and Paystand partnership aims to revolutionize B2B payment automation by delivering seamless, integrated, and automated financial processes that drive efficiency, visibility, and growth for businesses in the digital era.
About the Companies:
Paystand: Utilizes blockchain and cloud technology to digitize and automate the entire cash lifecycle, reducing time-to-cash, eliminating transaction fees, and enabling new revenue streams.
Cleo Integration Cloud: Offers a cloud-based integration platform with end-to-end visibility across various integration types (API, EDI, MFT), allowing businesses to rapidly onboard partners and optimize business processes with flexibility and control.