ACCOUNTS RECEIVABLES
-
-
-
-
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
Industrial Distribution
Headquarters
New Jersey
Business
Rubber gaskets and
sealing products
Years in business
50+
ERP
NetSuite
2,000–3,000
Invoices processed per month
~60%
Reduction in month-end reconciliation work
20–30
Hours of manual AR work avoided each week
1 AR
Hire avoided
$24K
Savings annually compared to prior AR vendor
The challenge
High volume invoicing made AR too expensive and too manual
"I've been AI-focused, automate first, and then hire.
Let's see if we can solve this problem."
Let's see if we can solve this problem."
Darren DeRosa, CEO, Sterling Seal
Sterling Seal originally used VersaPay for payment processing, automated follow-ups, and dunning. It helped the company move away from more manual collections work, but the economics changed as the business grew. When Sterling Seal merged its Amazon e-commerce business into the same workflow, invoice volume jumped from roughly 800 invoices per month to 2,000 to 3,000 invoices per month. That growth triggered a significant price increase.
The monthly fee rose to roughly $3,000 to $4,000, on top of the annual fee and credit card fees. For a business processing a high volume of small-dollar e-commerce orders, the model became too expensive.
The monthly fee rose to roughly $3,000 to $4,000, on top of the annual fee and credit card fees. For a business processing a high volume of small-dollar e-commerce orders, the model became too expensive.
Key challenges:
High invoice volume pushed prior vendor costs up
Manual AR work was creating pressure to hire
Credit card deposits still required manual reconciliation
Monthly reconciliation took too much time
Sterling Seal needed a NetSuite-compatible payment processor and AR collections solution
The solution
Payment reconciliation automation inside Sterling Seal's NetSuite workflow
Sterling Seal chose Paystand because it fit the company's NetSuite environment and helped automate the work that was creating the most strain: payment processing, reconciliation, and AR follow-up. The biggest difference was automatic reconciliation.
"The main functionality difference was you guys auto-reconcile the credit card payments, the deposits.
That's a huge help."
That's a huge help."
Darren DeRosa, CEO, Sterling Seal
Paystand helped Sterling Seal move away from manually matching card deposits and clearing reconciliation work at month-end. Instead of hiring another AR resource, Sterling Seal used Paystand to absorb more of the operational workload.
Solution:
Automatic credit card payment reconciliation
ACH reconciliation support
Automated customer follow-up and statement reminders
NetSuite-compatible payment processing
A scalable AR process that handles higher invoice volume without adding headcount
Customer Results
Sterling Seal saves $24K annually with Paystand
Sterling Seal & Supply
“Easily $2,000 a month cheaper than Versapay.”
CEO, Sterling Seal and Supply
$24K
Saved annually compared to prior AR vendor
20–30
Hours of manual AR work eliminated per week
~60%
Reduction in month-end reconciliation work
1 AR
Hire avoided
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
Home management platform Thumbtack streamlined its AR process with Paystand, resulting in a 98% reduction in write-offs and a 40% decrease in DSO.
Get the story
Global animal-health leader delivers automation and predictable cash management with Paystand's NetSuite SuiteApp.
Get the story
Peak Design automated accounts receivable in NetSuite with Paystand, eliminating manual domestic payment processing without expanding its finance team. With Smart Lockbox, automated reconciliation, and ACH, card, and check payments integrated directly into NetSuite, Peak Design reduced backlogs, prevented false past-due notices, and scaled wholesale AR without adding headcount.
Get the story