ACCOUNTS RECEIVABLE
OUR NETWORK
Discover how we enable your business to receive fee-less payments at a faster speed than your current solution.
We transition your costliest payers into cost-effective payment rails to return the most positive of ROIs.
WHY NOW
Our push into Accounts Payables comes with our mission of becoming the one stop shop for the CFO.
By integrating AP, our financial suite becomes even more powerful as we aim to automate everything money.
DATA & INFRASTRUCTURE
LEARNING RESOURCES
Company
Paystand is revolutionizing B2B payments with a modern infrastructure built as a SaaS on the blockchain, enabling faster, cheaper, and more secure business transactions.
Our mission is to reboot commercial finance by creating an open financial system.
Payments as a Service
PARTNERS
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PRESS
Read about Paystand business updates and technology announcements.
CAREERS
Join our fast-growing team of disruptors and visionaries.
ABOUT US
See how we are rebooting commercial finance.
Where We Operate
United states
Paystand is headquartered in California and operates nationwide, serving businesses across all 50 states.
canada
We support operations in Canada with localized payment capabilities, including CAD EFT and cross-border support.
Motorola's finance team traded manual invoice processing and payment uploads for automated AR, saving nearly 20 hours of work a week and lowering the cost of every payment.
What Paystand enabled
COMPANY SNAPSHOT
Industry
Telecommunications
Headquarters
Chicago, IL
ERP
NetSuite
Previous payment setup
Authorize.net
Manual work saved per week
Reduction in processing fees
Cost savings versus competing solutions
Visibility into payments
The Challenge
Motorola had already moved part of its payment process online with Authorize.net. On paper, that should have been enough. In practice, invoice processing was still time-consuming and manual, and the finance team was carrying the work that the tool was supposed to take off its plate.
Returns were a recurring problem. A high number of payments came back because customers had insufficient balances, and there was no efficient way to verify balances before a payment went through. Every return meant more follow-up and more time before the cash landed.
Migrating to NetSuite did not close the gap. Payments still had to be uploaded by hand, which created delays and inefficiencies between the moment a customer paid and the moment that payment was recorded. The result was manual processing that led to delays in receiving payment, poor recordkeeping, and high costs.
Motorola needed a more automated, customer self-service-friendly payments system that could make the team more efficient and bring costs down.
The Solution
Motorola turned to Paystand to improve payment process efficiency without adding more manual steps for the finance team. Paystand's AR automation integration with NetSuite replaced manual payment uploads with automated payment workflows, so payments move into the system without someone keying them in.
That shift sped up collections. With real-time visibility into payments, the team can see what has come in and when, which supports better cash flow and cleaner records than the manual process allowed.
Cost was the other half of the problem. Paystand implemented a more favorable fee structure that reduced Motorola's processing fees by 16% and delivered cost savings of 10% compared to other competing solutions.
Support mattered too. Motorola cites exceptional customer support that made both implementation and ongoing use smooth and efficient.
"Since working with Paystand, we've saved almost 20 hours of work a week."
After implementing Paystand, Motorola saw benefits on both the top and bottom line. The finance team saved nearly 20 hours of manual work per week, time that had gone to invoice processing and payment uploads.
Lower processing fees changed the math as well. The 16% reduction freed up funds for reinvestment into affiliates, and the 10% savings versus competing solutions gave Motorola a more favorable fee structure going forward.
With real-time visibility into payments, Motorola improved cash flow and collections, replacing the delays of manual uploads with a process the team can track as it happens.
Spend less time on payment uploads and less on processing fees.
Talk to a Paystand expert about automating AR in NetSuite.