Table of Contents
- Challenges for manufacturers using NetSuite
- NetSuite for manufacturing: strengths and weaknesses
- Paystand: the missing piece in NetSuite for manufacturing
- Why blockchain and automation matter for manufacturers
- What to look for in manufacturing payment solutions for NetSuite
- NetSuite + Paystand: a complete financial supply chain
Key Takeaways
- Many NetSuite manufacturers depend on outdated, manual payment processes, which disrupt cash flow, raise costs, and limit real-time access visibility.
- Payment inefficiencies, such as manual reconciliation, high fees, and delayed cash flow, undermine operational precision and manufacturers' competitiveness.
- NetSuite offers powerful manufacturing management capabilities, but its financial processes remain disconnected and inefficient without modern payment automation.
- Integrating Paystand with NetSuite allows manufacturers to automate payments, remove transaction fees, and achieve real-time cash flow visibility through blockchain transactions.
- Manufacturers require an automated, real-time, fee-free, and blockchain-secured financial supply chain to succeed.
Manufacturing is Evolving. So Why Haven’t Payments?
Manufacturers operate highly complex businesses. Each product relies on the seamless coordination of supply chains, production schedules, and inventory management compliance.
Despite this operational sophistication, many manufacturers are still financing the future with tools from the past. Payment processes are still drowning in manual invoicing, paper checks, and slow reconciliations. Even manufacturers using NetSuite for manufacturing often leave payment processes disconnected from their core financial engine.
It’s a major flaw in an industry focused on precision. That’s why the smartest manufacturers are adopting blockchain-based automated payments within NetSuite, like Paystand, to close the gap.
Challenges for Manufacturers Using NetSuite
Let’s call it like it is: how most manufacturers manage payments is fundamentally broken. Here’s what’s holding them back:
Manual Payments Disrupt Cash Flow
Finance teams spend hours chasing invoices, manually applying payments, and reconciling fragmented data across disconnected systems. This process is inefficient and directly threatens cash flow and working capital.
Transaction Fees Devour Margins
Manufacturers live on tight margins. But every time a payment runs through a traditional credit card network or third-party processor, they bleed out 2-3% in fees. In a high-volume industry, that’s money manufacturers can’t afford to lose.
Lack of Real-Time Visibility into Cash Flow
Most manufacturers do not have a clear window into their actual cash position until the month closes and reports are run. That leaves purchasing, production, and investment decisions riding on guesswork, a dangerous gamble in an industry where timing is everything.
NetSuite for Manufacturing: Strengths and Weaknesses
There’s a reason manufacturers ask, “Is NetSuite good for manufacturing?”, and the answer is yes. With specialized NetSuite manufacturing modules, businesses gain critical capabilities like:
- Real-time inventory and production tracking
- Advanced work order management
- Integrated supply chain visibility
Add NetSuite Advanced Manufacturing to unlock even deeper control, from capacity planning to shop floor scheduling.
Financial processes are as strong as their weakest link; for many manufacturers, that link is payments. Despite NetSuite’s accounting capabilities, they often use outdated payment methods, manually reconcile transactions, and depend on high-fee payment systems that hinder NetSuite's intended efficiency.
Paystand: The Missing Piece in NetSuite for Manufacturing
Here’s the blunt truth: manufacturers need to think about payments like they think about production: automated, optimized, and future-proof. That’s where Paystand comes in.
Automated AR & AP, Directly Inside NetSuite
With automated cash application in NetSuite, payments automatically match to invoices, eliminating manual work and reconciliation delays. Cash moves faster, and finance teams get back to strategic work.
Zero-Fee Payments
Why should manufacturers pay 2-3% to move their own money? NetSuite integrated payments with Paystand, replace traditional networks with a zero-fee B2B network, meaning you keep 100% of every payment.
Real-Time Cash Flow Visibility
With every transaction flowing directly into NetSuite’s financial dashboard, manufacturers finally get live, accurate cash flow data. There is no waiting and no guesswork, just real-time financial clarity.
Why Blockchain and Automation Matter for Manufacturers
Let’s step back for a moment. This isn’t just about faster AR or saving a few points on fees. What Paystand offers manufacturers is part of a larger decentralized finance (DeFi) movement that’s reimagining how money moves in the enterprise.
By embedding blockchain technology directly into the payment process, Paystand gives manufacturers something they’ve never had before:
- Immutable, fraud-proof transaction records
- Instant settlement with no banking middlemen
- Direct transactions between payer and payee
This is blockchain not as a buzzword but a tool for real financial innovation. It turns payments into assets that manufacturers can track, audit, and leverage with complete confidence.
What to Look for in Manufacturing Payment Solutions for NetSuite
If you’re a manufacturer running on NetSuite, it’s time to raise your expectations for how payments work inside your ERP. Here’s what to look for:
- Native integration: Payments should flow directly into NetSuite without separate logins and manual data entry.
- Automation: Payments should apply automatically to invoices without using spreadsheets and guesswork.
- Zero fees: Your system should work to eliminate fees, not just negotiate slightly lower ones.
- Real-time cash visibility: Every incoming and outgoing payment should update your cash position instantly.
- Blockchain security: Payments should come with a tamper-proof audit trail without exception.
This isn’t a wishlist. This is what modern manufacturing finance requires. And it’s exactly what Paystand for NetSuite delivers.
NetSuite + Paystand: A Complete Financial Supply Chain
Manufacturers have spent decades optimizing their physical supply chains. It’s time to do the same for their financial supply chains.
NetSuite provides the operational backbone—inventory, production, and supply chain management. Paystand adds the missing financial infrastructure: automated, real-time, fee-free, blockchain-secured payments.
Together, they create a complete, future-proof financial system for manufacturers:
- Production and payments finally aligned
- Cash flow optimized in real time
- Fees eliminated at scale
Manufacturers must embrace automation, decentralization, and embedded finance in their ERP. Those relying on manual invoicing and traditional banks are inefficient and losing money and agility.
The smartest manufacturers aren’t waiting. They’re combining NetSuite’s operational power with Paystand’s financial innovation to create a manufacturing finance system built for the next decade, not the last one. The only question left is: will you lead that future, or will you get left behind?