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"Since working with Paystand, we’ve saved almost 20 hours of work a week."

Sofia Mitchell

Accounting Analyst

Challenges Faced by Motorola

  • Time-consuming, manual invoice processing despite a digitized solution with Authorize.net
  • High number of returns due to insufficient customer balances and lack of efficient balance verification
  • Manual payment uploads causing delays and inefficiencies, even after migrating to NetSuite
  • Need for a more automated, customer self-service-friendly payments system to enhance efficiency and reduce costs
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Results Achieved with Paystand

  • Saved nearly 20 hours of manual work per week for the finance team
  • Reduced processing fees by 16%, allowing for reinvestment into affiliates
  • Improved cash flow and collections with real-time visibility into payments
  • Cost savings of 10% compared to other competing solutions, leading to a more favorable fee structure
  • Exceptional customer support, making implementation and ongoing use smooth and efficient

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.

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