AR Automation Case Study: Elenteny | Paystand
Elenteny Imports Creates Efficient AR With Payment Automation
High-growth leader in imports and spirits distribution and modernizes payments and scales operations with Paystand.
By The Numbers
100%
Growth In Invoicing Volume With No Headcount
50%
Decrease In Time-To-Cash
33%
All Payments Processed Online
Headquarters
New York, NY
Industry
Food and Beverage
Challenge
Automate same-day payment processes required by federal regulations while reducing the number of keystrokes performed by staff and increasing self-service for customers.
Solution
Paystand’s SuiteApp provides Elenteny Imports powerful features within NetSuite that increase payment speed, reduce data entry, and offer self-service options to customers.
Testimonials
“Paystand has been a great tool for us. The reduction in manual effort has freed us up to provide a higher level of customer service and to be more diligent with collections.”
Will Jex
Controller
Challenges Faced by Elenteny Imports
- Labor-intensive process for same-day payments due to federal regulations
- High manual workload for A/R staff to create and process physical checks
- Time-consuming manual keying of customer payments across different platforms
- Lack of self-service options for customers, requiring constant staff involvement
- Need for a scalable solution to manage a growing customer base without increasing headcount
Solutions Implemented with Paystand’s Integration
- Centralized invoicing, payment processing, and reconciliation in one workflow
- Enabled multiple same-day payment options: eCheck, ACH, debit, and credit cards
- Scheduled invoicing and automated due-date reminders for a seamless customer experience
- Self-service payment portal, reducing staff workload and enhancing customer convenience
- Automated invoice updates in NetSuite, eliminating manual keying and improving efficiency
Make payments a strategic advantage for your business
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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.
Receivables
- Automatic Reconciliation
- Collections Automation
- Payment Portal
- AR Network Portal
- Virtual Terminal
- Recurring Payments
- Convenience Fees and Incentives
- Billing & Receivables Automation
- Dashboard & Reporting
- NetSuite
Payables
Legal
Support
Payments
- B2B Payments
- Paystand Bank Network
- Check Scan
- eCheck and ACH
- Smart Lockbox
- Canadian EFT
- Push Payments: AI Match
Expense
- Spend Management
- Corporate Cards
- Spend Analytics
- Slack
- Microsoft Teams
- Quickbooks Online
- NetSuite
- Sage Intacct
- Microsoft Dynamics 365
- All Integrations