ProSpend vs. Paystand

ProSpend is the leading Australian unified spend management platform for growing ANZ businesses. It gives finance teams greater control over business spend across expenses, accounts payable, corporate and virtual cards, purchase orders, budgets, travel and approvals. Built for mid-sized organisations (50-1000 employees), ProSpend supports GST and FBT requirements and connects with over 30 major ERPs including Xero, MYOB, Sage and NetSuite. ProSpend brings policy controls, approvals and spend visibility into one workflow, helping teams reduce manual processing, improve compliance.

Paystand is a sophisticated digital payment and accounts receivable (AR) automation solution tailored specifically for business-to-business (B2B) companies. This platform is designed to facilitate seamless transactions among its extensive payment network, which includes over one million businesses actively engaging in transactions via the Paystand B2B Network. By leveraging this technology, users can efficiently accept payments, streamline their collections processes, and automate numerous manual AR tasks, ultimately leading to enhanced operational efficiency.