Paystand

Copper, a CRM software company for Google Workspace, cut its month-end close from 14 days to 3–4 days—a 78% reduction—and prevented $13K in out-of-policy spend in 2022 by implementing Teampay by Paystand. The native NetSuite integration and Slack-based purchase requests automated approvals and replaced uncontrolled physical cards with virtual ones across three subsidiaries. According to VP of Finance Rick Smith, the solution eliminated the need to hire an additional accountant, making it a cost-effective alternative to manual expense management.

Motorola saved nearly 20 hours of manual work per week and cut processing fees by 16% by implementing Paystand's AR automation integrated with NetSuite, according to Accounting Analyst Sofia Mitchell. The telecommunications company replaced manual payment uploads with automated workflows and gained real-time payment visibility, achieving a 10% cost savings versus competing solutions. Paystand's integration addressed Motorola's challenges with high payment returns and slow collections, delivering a more favorable fee structure and improved cash flow.

Covetrus cut days sales outstanding by 80% and per-transaction fees by 98% after implementing Paystand's NetSuite SuiteApp during a merger that expanded the company from 800 to 5,000 employees. The self-service payment portal enabled Covetrus to handle 11% more new customers without adding AR staff, while reducing payment-related phone calls by 25%. The two-month implementation integrated automated invoicing, multiple payment methods, and real-time reconciliation directly within NetSuite OneWorld, allowing the AR team to scale across five subsidiaries.