Paul Gabor

Background

About Paul Gabor

Every quarter hundreds of nursing homes are switching their AP system to Shtar. Why? We save you time from reconciliation and communication. Our proprietary and unique ACH tagging on each digital payment means all parties can instantly and easily reference any specific payment. We tag each payment with a unique reference number which we insert into your accounting application and into your bank feed and into the vendors bank feed. No more lines of gibberish in your bank statements for ACH. You can now see the vendor name on each payment right in your bank payment and we even insert a clickable link right into your bank statement that will take you instantly to your accounting application and open up that payment so you can see all remittance data. We had to fight with banks for over a year to get this functionality approved. Cash Flow Magic. Shtar's ACH payments called vChecks land in your vendors accounts the same day or next day. No more 3-5 days of you AND your vendor not having the funds. Your vendors can easily log in to the Shtar portal and see the status of any payments. They don't need to call you and ask "hey what happened to payment X". You can even post-date ACH's with Shtar giving you greater control over your cash flow transparency and float. We believe the next great network after the internet will be accounting applications and that is the network we are building. Did you ever stop to wonder why accounting applications are siloed? Nothing goes in our out without manual human work such as scanning or uploading an invoice manually into your accounting application. Why can't my QB talk to yours and share invoices directly? Why are accounting applications not even able to talk to their own banks without human manual data entry? Why does money take 3-5 days after it leaves your account (for ACH) to get to the vendor? Why can't you see where your money is in transit? Right now what we have created is a system that goes the extra mile in thinking through what it is that our clients would love to have and what would make their life easier. Our first product was vChecks which replaces ACH and paper checks as a quicker cleaner simpler payment. Within a short year over companies are enjoying the ease and simplicity of Shtar payments. Want to learn more? Visit our website: shtar.com