Blockchain-enabled B2B payments firm Paystand is rolling out automatic billing and payment features for NetSuite AR to accelerate time to cash, eliminate transaction fees, and simplify billing.
The new features drive advanced functions for accepting minimum deposits for quotes and also provide an automatic conversion to sales orders upon payment receipt. Instant cash sales for orders and auto-payment at shipment, receipt or fulfillment completion, are also offered.
“Midsize businesses are struggling to grow in the current inflationary environment, rife with economic and political uncertainty, and supply and cash constraints,” Jeremy Almond, CEO, Paystand, said in a press release on Thursday (May 26).
“In order to thrive, they need a paradigm shift from human-centric AR processes to the next generation, self-driving AR that delivers instant and automated payments. The new solution for NetSuite builds on our core business payments network and allows AR teams to scale using automation, rather than adding to the size of their organization,” Almond said.
See also: B2B Payments Firm Paystand Unveils Crypto Card
The company’s NetSuite AR feature gives Paystand customers the ability to enable their AR teams to boost productivity with a collection of self-driving AR capabilities to offer end customers a better overall payments experience.
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