Suite World, Las Vegas: PayStand, the B2B payment platform for the future of business, has achieved ‘Built for Netsuite’ status. Announced at SuiteWorld Las Vegas, the new SuiteApp integrates and automates entire NetSuite-based financial processes by automating the $550 billion worth of transactions stuck in pre-internet paper, plastic and manual processes.
“Built for NetSuite is the gold standard for B2B payments applications,” said Jeremy Almond, CEO and Founder, PayStand. “In conjunction with the strong, deeply integrated SuiteCloud, PayStand offers unprecedented ease of payment. A digital transformation continues in core systems like CRM, accounting and ERP, PayStand is completing the process by bridging the payments gap in high-volume commercial transactions.”
PayStand’s network automates cash management, from accounting software to reconciliation. Accounts-receivable customers can now transact via credit card, ACH or bank transfer through a digital invoice button, with 0% transaction fees. All payments are automatically reconciled back into the NetSuite system and banks. PayStand’s blockchain technology thus simplifies one of business’s most notorious headaches—sending and collecting money.
All Built for NetSuite apps must be reviewed for compliance with NetSuite’s standards, which include documented proof of robust architecture, development, security and privacy. A product demonstration and/or customer references follow, and only upon final approval can an application meet NetSuite’s stringent standards and win SuiteApp designation.
As a SuiteApp, PayStand removes friction from accounts receivables and payables through:
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Integrated Payments
Create a one-stop-shop where customers can remit digital payments within an invoice. After invoice clears, a statement is reconciled in real-time. -
Fund on File
Customer payment information is tokenized and stored in PayStand’s encrypted dashboard, delivering the convenience of charging customers at will without being required to re-enter the information. -
Customization
Each invoice that is sent to customers contains their logo and appears as though it is coming directly from NetSuite. -
Multiple Payment Options
Offer your customers a range of payment options within the invoice. Options include ACH, eCheck and Credit Card. -
Subscriptions
Available through a flat rate, a subscription-based model with the health of your business’s ROI at the forefront. -
Security & Compliance
The complexities involved with payment processing: PCI compliance, AML Laws, MTL Rules, Fraud Monitoring, Bank KYC Underwriting requirements, 1099K’s are handled by PayStand.
