Paybystep is a B2B payment platform that structures projects into client-validated stages, automating invoicing and payment collection upon completion. This ensures prompt compensation for service providers and improves cash flow predictability by linking payments directly to delivered work.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses frequently encounter payment delays and disputes in B2B transactions, which negatively impacts cash flow and client relationships. This issue is often exacerbated by traditional invoicing methods that are disconnected from project progress and validation.
Solution
Paybystep offers a B2B payment platform that structures projects into discrete, validated stages. Upon client approval of each stage, the platform automatically triggers invoicing and payment collection, typically within 1 to 30 days. This process ensures that service providers are compensated promptly for completed work, thereby reducing payment friction and fostering more predictable cash flow. The system also facilitates the transfer of intellectual property ownership for completed stages, enhancing transparency and client confidence. Additionally, Paybystep provides tools to manage recurring payments and integrate outstanding balances into future project schedules, further stabilizing financial operations.
Target Audience
The platform targets B2B service providers, particularly those in creative industries, consulting, and digital services, who experience payment delays and seek to improve cash flow management.
Features
- Project segmentation into defined, client-validated stages for automated invoicing and payment.
- Integrated intellectual property cession mechanism, allowing transfer of ownership upon payment.
- Automated payment collection with configurable settlement periods (1-30 days).
- Functionality for managing recurring payments and subscriptions without manual intervention.
- Tools to incorporate outstanding client balances into subsequent project payment schedules.
- Secure platform for inviting multiple stakeholders (clients, partners) with granular access controls.
- Workflow designed to align with agile methodologies and digital project management tools.