Automate accounts receivable, power your software marketplace, or connect to powerful APIs to customize your payment infrastructure.
Paystand integrates with major ERP and order management systems to provide robust payment functionality directly within your System of Record.
Learn the key elements for automating payments within NetSuite to streamline your payments process.
Most AR professionals are searching for new ways to reduce costs, improve cash flow, and optimize their processes. Paystand has curated content to help AR professionals in their quest.
Discover strategies for automating and optimizing payments within Sage Intacct.
Paystand is revolutionizing B2B payments with a modern infrastructure built as a SaaS on the blockchain, enabling faster, cheaper, and more secure business transactions.
Our mission is to reboot commercial finance by creating an open financial system.
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sales@paystand.com
(800) 708-6413
1800 Green Hills Road
Suite 200
Scotts Valley, CA 95066
Av. de las Américas 1254, Country Club, 44610 Guadalajara, Jalisco México
This filtration solutions company automated payment reconciliation and successfully created a feeless, scalable AR program their customers love.
Eden Equipment needed a better payment experience, with a more intuitive interface and complete integration with Netsuite.
Paystand offered fully automated, seamless payment processing and user experience that made it easy for customers to pay.
Accounting Clerk
Eden Equipment offers the highest quality and longest-life US-manufactured filtration solutions. Their systems provide clean air, water, and other liquids on a reliable, sustainable basis that is safe and profitable for their customers. From industrial filtration to pool/spa filtration, Eden is known globally for their quality products and excellent customer service.
"We needed something frictionless and seamless and exceptional customer support.
We needed to find a solution to free up the team so they could do more for the company."
Eden Equipment has grown substantially in the last two decades, but its mission to provide its customers with the best products and services has remained unchanged. Having built its first industrial filter vessel in 1978, this innovative, then California-based company was the first to produce a filtration system made of fiberglass-reinforced plastic. But this kind of growth comes with challenges for a team that runs lean and mean.
"If someone paid by credit card, I would have to try to find the fee in our month-end statement and guess at applying it to the correct invoice...
They were often missed, which meant I lost revenue."
Now, Paystand automatically adds transaction fees based on how a customer pays, creating a line item for credit card fees and reconciling directly to the GL. Eden no longer has to try to find out the customers' bank or credit card info to match a fee to an invoice - that's all handled automatically. This saves the team countless hours and errors and allows for more accurate data for cash flow analysis.
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Previously, they weren't able to add multiple invoices to an email. Each invoice was attached manually to an email for payment. Customers are much happier and pay faster now that they can click into each statement and see what payments are missing.
"We love giving our customers multiple payment options - it's been really helpful for them and decreased workload and stress for us."
With Paystand, the transaction amount picked up, allowing them to process payments faster. They've been able to focus more on pre-payments, recording them directly in the system when a customer pays as bank deposit receipts are automatically created. This helped streamline many tedious day-to-day steps and made the closing periods faster, without check entries or manually coding in credit card fees that weren't applied via a script. This saved 30 minutes daily, about 11 hours/month.
Feeless. Scalable. Automated. That's the power of Paystand. Book a demo with our AR experts today to see how effortless B2B payments can be.
Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire cash lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.