Paystand adds automatic billing and payment features to Paystand SuiteApp for NetSuite

Paystand, a provider of blockchain-enabled B2B payments, is introducing new automatic billing and payment features to the Paystand SuiteApp to provide a faster, simpler, and better customer and user experience.

The new offerings work with Paystand's current NetSuite AR solution to speed up time to cash, simplify complex billing processes, and eliminate transaction costs, according to the vendor.

The new Paystand features for NetSuite AR provide advanced functionality for accepting minimum deposits for Quotes & Estimates and automatic conversion of quotes to sales orders upon payment receipt.

Paystand also allows instant cash sales for sales orders and efficient auto-payment at shipment, receipt, or fulfillment completion.

"Mid-size businesses are struggling to grow in the current inflationary environment, rife with economic and political uncertainty, and supply and cash constraints," said Jeremy Almond, CEO, Paystand. "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."

Collectively, the new NetSuite AR features allow Paystand customers to supercharge their AR teams, increase productivity, and provide end customers with an exceptional payments experience.

Other New features for NetSuite AR include:

• The new Paystand Advance Deposits for Quotes & Estimates feature quickly secures customer commitments and unlocks working capital and efficiency by speeding up time to cash.
• The Cash Sales for Sales Orders feature allows merchants to accept instant payments from one-time, walk-in, and cash basis customers, quickly unlocking new revenue.
• The AutoPay Upon Fulfillment feature accelerates the cash cycle, minimizing repetitive work, errors and omissions by AR specialists, and ultimately enhances the customer experience.

Paystand's launch of the first NetSuite self-driving AR solution enables customers to achieve fast, efficient and profitable payments.

For more information about this news, visit www.paystand.com.