Thumbtack and Paystand Case Study | Paystand

How Thumbtack Reduced Their DSO by 40%

Home management platform Thumbtack streamlined its AR process with Paystand, resulting in a 40% decrease in DSO, 98% reduction in write-offs and a 87% reduction in manual effort.

Industry

Software

Client
Challenge

Thumbtack needed an AR solution that would fully integrate with Netsuite and help automate unnecessary manual tasks.

Solution

With Paystand as their AR automation tool, Thumbtack eliminated the need for separate AR programs or complicated and unreliable APIs.

Testimonials

"Real-time updates and analytics have made it easier to forecast and budget cash flow."

Chad Bello

Revenue Accounting Manager

Thumbtack’s Challenge: Streamlining AR for IPO Success

As Thumbtack prepared for its IPO, the finance team faced significant challenges in their accounts receivable (AR) processes. Although they used NetSuite as their primary ERP, their billing system, Bill.com, only partially integrated, leading to:

To support their growth and IPO readiness, Thumbtack needed a solution that fully integrated with NetSuite, eliminating these inefficiencies and enabling better revenue recognition.

The Benefits of Paystand’s Solution

“Whether it's bank wires, ACH, or credit card, our customers love having multiple payment options,” says Chad. “Paystand has just been incredible to work with.”

[**Make payments a strategic advantage for your business**

Request Demo](/content/get-started/index.html)

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.