Paystand launches NetSuite AR Solution for automatic cash cycles

Thursday 26 May 2022 09:57 CET | News

US-based fintech Paystand has rolled out a new automatic billing and payments feature to provide a faster user experience.

The new Paystand features for NetSuite AR provide extra 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 fulfilment completion.

Company officials stated that the new solution for NetSuite builds on their core business payments network and allows AR teams to scale using automation, rather than adding to the size of their organisation. New features for NetSuite AR include deposits for Quotes & Estimates, serve new customers with cash sales for sales orders, and receive payments with AutoPay upon fulfilment.

Paystand's launch of the first NetSuite self-driving AR solution enables customers to achieve fast payments. The launch is a step in Paystand's journey to promote commercial payments that are instant, self-driving, cashless, open, and programmable.

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Keywords: product launch, digital payments, digitalisation, instant payments
Categories: Payments & Commerce
Companies: Paystand
Countries: United States
This article is part of category

Payments & Commerce


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