Receive payments faster
Our automated process ensures payments are received and recorded with minimal delay, giving you faster access to funds.
Digital payments
Paystand Smart Lockbox
Process, deposit, and reconcile your paper checks payments automatically and move payers to digital alternatives.
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The digital-first solution to move your customers off paper checks forever
Track incoming funds
Paystand moves incoming paper checks to a digital workflow, significantly increasing your financial control and transparency.
Optimize Accounts Receivable
Automated reconciliation and cash application lets you scale with less friction, manpower, and overhead.
Simplify and automate your paper check payments
Reduce delays and unnecessary overhead by moving your entire lockbox workflow to a digital solution with:
- Invoice matching - All remittance are scanned remotely and matched to your open invoices.
- Cash application - Incoming payments are matched to invoices and accounts then marked as paid within your ERP.
- Bank reconciliation - Transactions are seamlessly reconciled against your bank statements.
- Sales orders - Enhance your cash flow by accepting check payments related to invoices or sales orders.
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Leverage the power of your ERP system
Smart Lockbox integrates seamlessly with NetSuite and Sage Intacct to deliver full automation of the cash cycle:
- View all check deposits within the dashboard.
- Payments are matched to invoices and automatically marked as Paid.
- Sync all payments to invoices automatically and view the cash application.
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Deliver a one-click payment experience
Imagine being able to capture your payers' information from a check payment and giving them an easy, intuitive way to never have to pay by check again.
Paystand Smart Lockbox makes it easy to transition your customers to paperless payments. With an easy, one-click approval, they'll forego the archaic process of printing and sending a paper check. Instead, they'll use Paystand's secure, digital payment network saving you time and money.
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