Paystand
22 Case Studies
A Paystand Case Study
Global Distribution Leader, a century-old global leader in beer, beverage and distribution, relied entirely on paper checks and a labor-intensive cash management process across multiple hubs. To eliminate manual pickups, sorting and slow time-to-cash, the company piloted a fully digitized accounts receivable solution with PayStand, seeking faster payments and improved supply-chain customer satisfaction.
PayStand implemented a mobile payments system integrated with real-time eInvoicing, inventory and financial systems so drivers and suppliers could collect and process payments instantly. The pilot moved 50% of payments from paper to electronic in three months, reduced A/R overhead by 30%, sped up time-to-cash, increased ordering through more flexible payment options, and delivered an “Uber-like” auto-billing experience.
Global Distribution Leader