Paystand launches agentic finance suite for finance teams

Paystand has launched its agentic finance suite for general availability, bringing artificial intelligence agents into accounts receivable, spend management, and reporting.

The launch expands Paystand's effort to combine finance software with its payment network and USDb stablecoin for business transactions.

The suite is aimed at finance teams managing manual work across collections, approvals, reporting, and reconciliation. Two products, the Reporting Agent and the Spend Agent, are available now. The Collections Agent remains in private beta and is due later this quarter.

The tools are designed to go beyond analysis by allowing software to carry out approved actions within existing workflows. Those actions include posting transactions into enterprise resource planning systems, routing spending requests, applying approval rules, and matching incoming payments with invoices.

Paystand's approach centres on what it calls programmable money, which links a payment to its related business data and accounting treatment. The company says this allows software to act within a connected finance system rather than produce recommendations for staff to process separately.

Jeremy Almond, Co-founder and Chief Executive Officer of Paystand, described the launch as part of a broader shift in finance operations.

"This is a growing suite of enterprise-grade digital labor fully on-ramped from Day 1 so finance team members can spend their time focusing on growth," said Jeremy Almond, Co-founder and Chief Executive Officer of Paystand.

He distinguished Paystand's system from software layered on top of older payments infrastructure.

"These digital employees aren't AI bolted onto old payment infrastructure. They execute finance operations at internet speed, under the control of finance, because we made money itself programmable," Almond said.

How the tools work

The Reporting Agent is intended to analyse accounts receivable continuously, identify which accounts need attention, and update cash forecasts. Paystand measures the tool by forecast accuracy and by whether it directs staff to the accounts with the greatest expected cash impact.

The Spend Agent operates within Slack and Microsoft Teams, where it handles employee spending requests. It can route requests, apply purchasing and expense policies, capture receipts, code transactions, and post approved expenses directly into the ERP system.

When a finance team attaches an approval rule to a request, the Spend Agent can approve or block it before a purchase is made. Approved transactions are written into accounting systems as native accounts-payable objects such as bills, bill payments, and expense reports, rather than as generic journal entries.

The Collections Agent, which has not yet been released generally, is intended to research customer payment behaviour, rank accounts by expected recovery, and draft outreach messages. Those communications are prepared for human review before being sent.

Payments layer

The launch also reflects Paystand's effort to tie artificial intelligence tools directly to a payments network rather than use them only for reporting or workflow support. Its network supports money movement in minutes to more than 190 countries.

USDb, the company's digital dollar for business built on Bitcoin infrastructure, is part of that stack. Paystand launched the stablecoin earlier this year as it sought to build a system in which funds movement, reconciliation, and accounting records are handled in one environment.

The company also highlighted two supporting tools in its artificial intelligence orchestration layer. Smart Match AI reads remittance information from PDFs, email attachments, and bank files to match ACH transfers, wire payments, and partial payments to the correct invoices. Smart Check AI allows a payer to photograph a written cheque on a phone so it can clear as an ACH payment, with payment information extracted automatically and posted into the relevant workflow.

Native integrations with NetSuite, Sage Intacct, Microsoft Dynamics, and Acumatica are intended to let the agents write directly into accounting systems. Businesses can connect existing bank accounts, ERP systems, and approval processes without replacing their current finance infrastructure.

Controls and oversight

Finance teams define what information each agent can access and what actions it may take. The Spend Agent acts only on rules set by finance teams, while the Collections Agent requires human review before outreach is sent.

Paystand logs agent activity, and resulting payment activity is recorded on its blockchain-based network. That emphasis on controls appears aimed at addressing concerns over how much autonomy companies are willing to grant software in finance operations.

Almond addressed that point directly.

"Agentic finance does not mean giving software unlimited authority," Almond said.

"We start with documented work, set the guardrails and give every agent a human owner. Agents take on the repeatable work; people remain responsible for exceptions, judgment and results," he said.

Paystand said its network connects more than one million businesses and has processed more than USD $20 billion in payment volume.