ACCOUNTS RECEIVABLE
-
-
-
-
Company
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.
Payments as a ServiceWhere We Operate
United states
Paystand is headquartered in California and operates nationwide, serving businesses across all 50 states.canada
We support operations in Canada with localized payment capabilities, including CAD EFT and cross-border support.
COMPANY SNAPSHOT
Industry
Water purification
and water technology
Headquarters
Denver, CO
Business
Purified tap water refills
Founded
2013
ERP
NetSuite
100–200
Digital payments processed per day
40+ hrs
Manual AR work avoided each week
12,000+
Leased stations generating recurring invoices
$100K
Projected savings in the first 12 months
The Challenge
Manual Payment Matching Puts Customer Trust at Risk
"If it's clunky or confusing, customers don't trust us. The payment experience has to feel as simple as the water itself."
Kristin Holthus, VP of Finance & Head of HR, FloWater
FloWater's refill stations generate a relentless stream of receivables — 100 to 200 payments every single day, spread across 12,000+ leased units. At that volume, AR isn't a back-office task; it's a customer-facing experience.
Before Paystand, the finance team was stitching that flow together by hand. Invoices didn't reliably generate from NetSuite for every station lease, autopay and cards-on-file failed without a clear signal to the team, and reconciliation was fully manual — matching hundreds of daily payments by hand.
On top of that, 10–20 checks still arrived every day, each requiring 1–2 hours of processing. The bigger risk wasn't the hours. It was trust: a clunky payment step put customer confidence and renewals on the line.
Key challenges
Invoices weren't auto-generating from NetSuite for every station lease
Autopay and cards-on-file were failing without a clear signal to the team
Reconciliation was fully manual, matching hundreds of daily payments by hand
10–20 daily checks still required 1–2 hours of processing
A clunky payment step put customer trust — and renewals — at risk
The Solution
Automated Payment Application Inside FloWater's NetSuite Workflow
FloWater chose Paystand because it runs natively inside NetSuite as a SuiteApp, so receivables never leave the system of record. Every invoice now carries an embedded payment link, every payment is captured and synced automatically, and the invoice closes itself — no re-keying, no lockbox, no month-end scramble.
Card and ACH payments are matched, applied, and reconciled in batches, with credit-card convenience fees built into the workflow. Paystand replaced FloWater's manual, invoice-by-invoice matching with a system that keeps pace with 100–200 payments a day, without adding headcount.
Solution
Native NetSuite SuiteApp for AR
Embedded payment links on every invoice
Automatic payment capture and sync to NetSuite
Automated invoice application and close-out
Batch reconciliation with credit-card convenience fees
Customer Results
FloWater Saves 40+ Hours a Week and $100K with Paystand
FloWater
"It works. It's seamless. The customers know it."
VP of Finance & Head of HR
100–200
Digital payments processed per day
40+ hrs
Manual AR work eliminated per week
12,000+
Leased stations running on automated AR
$100K
Projected savings in the first 12 months
Ready to make payments
the easy part?
Bring FloWater's AR automation to your NetSuite. Talk to a
Paystand specialist about your receivables.
Other success stories
Sterling Seal automated accounts receivable and payment reconciliation in NetSuite with Paystand, eliminating 20–30 hours of manual AR work each week and saving $24K annually. By automating credit card reconciliation, ACH processing, and customer follow-up, the team scaled to 2,000–3,000 invoices per month without adding another AR hire.
Get the story
Copper, the CRM for Google Workspace businesses, used Teampay by Paystand to automate spend approvals, replace physical card sprawl with controlled virtual cards, and give finance the visibility they needed to close faster.
Get the story
Kampaign Kings streamlined international payroll in Colombia with Bitwage by Paystand, replacing a full week of manual banking, currency exchange, and disbursement work with a simple weekly process. By enabling direct worker payouts through preferred methods like bank account, Dollar App, Global66, Binance, or decentralized wallet, Kampaign Kings scaled from roughly 100 to 300 Colombian workers, reduced payroll distribution costs by more than 50%, and now processes weekly payroll in just a couple of hours.
Get the story
FloWater automated accounts receivable in NetSuite with Paystand, saving 40+ hours a week and projecting $100K in annual processing cost savings. With Paystand embedded in NetSuite, FloWater’s finance team now sends invoices with payment links, collects ACH and card payments, applies payments to the right invoices, and reconciles batches automatically, helping the team manage high-volume recurring billing across 12,000 leased water stations with less manual work.
Get the story