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Digital advertising leader drives sales and efficiency with Paystand's NetSuite SuiteApp.
Migrate to an accounting system ahead of current business needs, including a robust user experience for easy payments and direct connections to payment providers.
Paystand’s SuiteApp for NetSuite includes powerful features like white-label customization, single-click payments, and robust dashboard capabilities that driver faster payments, a unified brand presence, and greater visibility across the organization.
Director of Finance & Operations
Choozle is an independent, digital advertising advertising company that enables customers through learning, guidance, and self-service digital advertising software.
AJ Heffernan has one very ambitious goal: “We don’t want to be the ones who are holding the company back,” said AJ. “We want to plan for Choozle’s continued growth, including everything from new office space, payroll, and accounting systems.”
Choozle has has grown its self-service platform that empowers advertising agencies, brands, and publishers to serve highly visible digital advertising campaigns.
With roughly 60 employees, offices in Denver, New York, Seattle, Austin, and Atlanta, and revenue doubling year over-year, the process of managing Choozle’s revenue operations has dramatically increased in complexity since AJ joined the company in early 2016.
“We were using a combination of Quickbooks Online for accounting and Bill.com for receivables, but neither connected directly to Salesforce to tie all our data together,”said AJ. “We needed a secure, seamless connection that would support our business’s growth.”
As Choozle’s growth trajectory continued, AJ and his accounting team began evaluating enterprise resource planning (ERP) platforms and naturally gravitated to NetSuite. The company’s status as an industry leader and the massive number of connections it offers made it the most intuitive choice.
“We knew in our initial conversations that NetSuite has a ton of different options,” said AJ. “That wide range of choices helped us decide how to run our business in the best way possible.”
In learning exactly how the invoicing and payment process would work with NetSuite, AJ found a couple of limitations: First, the user experience for Choozle’s customers wouldn’t be as robust as it had been with Quickbooks; and second, Choozle’s receivables partner, Bill.com, doesn’t sync directly with NetSuite.
In addition to data connections, Choozle needed to maintain the user experience and keep the payment process as easy as possible - with no excuses from customers for paying late. They were introduced to Paystand in late 2017.
After assessing Paystand alongside a few competitors, AJ and his team found that Paystand met their dual requirements of connecting systems and maintaining the user experience for payments - and improved upon it in several key areas. They found the platform robust and visually aligned with the Choozle brand.
"To be honest, we knew from the get-go,” said AJ. “We did some brief research and sat down with Jeremy Almond, CEO of Paystand. The product aligned and our goals aligned. We trusted them.”
With the NetSuite implementation in progress, AJ and his team began working with Paystand to determine how the digital payment network would plug into both Choozle’s internal processes and external customer experiences. Set up took less than 30 days and includes the following capabilities:
These enhanced functions have opened up new opportunities for Choozle to more efficiently manage their operations. “Now we’re able to check the status of incoming payments and cash flow multiple times daily to see which bills we can pay,” said AJ.
The SuiteApp for NetSuite integration shows Choozle more easily which customers are current and which are late, prompting the team to send proactive weekly reminders. And the new single-click, “Pay Now” URL on Paystand invoices is even easier than Choozle’s previous setup: there’s no portal login to remember.
Since the launch of Paystand, Choozle has experienced major improvements in the efficiency of their revenue operations. These changes resulted in significant gains in accounts receivable (A/R), including:
With Paystand, Choozle gets paid faster, has greater visibility, and manages A/R more quickly - without having to add significant headcount. Instead of trailing behind, AJ’s accounting team is leading Choozle in proactive behaviors that enable continued growth.
The Choozle accounting team has dropped their days sales outstanding (DSO) by ⅓ in 6 months, decreased receivables > 90 days by half, cut their time to close the books by 50%, cut the time it takes to send invoices from 4 to 2 days, and doubled invoice volume without materially doubling the accounting team.
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.