netsuite datasheet Feb 2020.pdf

Paystand SuiteApp: Payments and A/R Automation for NetSuite

1 ROI FOR PAYSTAND CUSTOMERS

62%
Decrease DSO

51%
Cost Savings

Labor Savings

70%
A/R Tasks Automated

1 Based on average customer processing $50MM in volume over 3 years:
40% credit card, 30% ACH, 30% paper check

Paystand makes it easy to collect payments and
automate the Accounts Receivable process within
NetSuite. With native NetSuite functionality, the
Paystand SuiteApp streamlines collections and removes
hours of manual A/R tasks from your workload.

“Paystand has allowed
Choozle to automate and
optimize the way we send
out invoices and collect
payments on a monthly
basis.”

AJ Heffernan

Director of Finance & Operations, Choozle

Manage, Reduce, and Eliminate Payment Processing Fees

• Accept Credit Cards, Debit Cards, and ACH,
including 0% fee bank to bank payments

• Get wholesale credit card and ACH rates

• Enable Least-Cost-Routing to steer customers to the payment option that results in the
lowest cost to the merchant

Streamline the Collections Process and Improve DSO

• Schedule payments, enable Autopay, and
set up Recurring Billing

• Add payment links and Pay Now buttons to
invoices, billing reminders, and more

• Give customers self-service option to select
and pay multiple open invoices at a time

• Use virtual terminals to process payments
on behalf of your customers within NetSuite

Improve Security and Compliance with Built-in Assurety

• PCI DSS Level-1 certified payment processor

• Enable two-factor authentication and
role-level access

• Securely store customer payment data with
Fund-on-File tokenization

• Reconcile payments in real-time using
‘Automatic Reconciliation’

Native Support for Advanced NetSuite Features

• Automatically apply collected payments to
open invoices with ‘Instant Cash Application’

Reconcile Payments Instantly within NetSuite

• Add subsidiaries and multiple entities with
OneWorld integration

• Enable eCommerce functionality with
SuiteCommerce Advanced

• Receive automatic transfer reports and
ledger updates with details of a deposit,
its transactions, and any invoices and sales
orders a deposit affects

• Support multi-currency invoicing and
presentment