COLLECTIONS

Paystand will create a single workflow, to achieve automating emailing of Invoices to the respective Customers at a date interval of the client’s choosing. This is often referred to as “Collections Enablement”.

The workflow will operate every day of the month, sending an email to Customers using a template installed by Paystand and stored within NetSuite or managed from Paystand dashboard for Sage Intacct clients.

The workflow will identify open Invoices that meet an as of yet to be defined criteria, such as “Open for 30 days” or “Past Due”.

The workflow will use data from the identified Invoices to populate fields in the email, such as amount due, dates, and identifiers of the specific Invoice.

This data will also be used to empower a call to action (“Pay Now”) included in the body of email, so Customers may pay the respective Invoice upon receiving the email.

Payments captured on behalf of the Invoice will be recorded and reconciled as any other payment is through Paystand.

The workflow will reside within NetSuite and will be owned and supported by the client once it is delivered. Client is welcome to edit, expand upon, copy, disable, or remove the workflow.

Collections plan in Paystand dashboard (for Sage Intacct clients)