Case Study: Peak Design achieves AR automation and scales wholesale without adding headcount with Paystand

Peak Design eliminates 100% of manual domestic payment processing with Paystand

Peak Design, a consumer goods company, faced a significant challenge in scaling its wholesale accounts receivable. Its small finance team was overwhelmed by manually processing approximately 100 paper checks and reconciling wire transfers each month, which often led to backlogs and false past-due notices being sent to customers. To address this, they turned to Paystand for its AR automation and Smart Lockbox service.

By implementing Paystand's solution, which integrated directly with NetSuite, Peak Design automated its entire domestic payment process. Incoming checks, ACH, and card payments were automatically scanned, matched to invoices, and reconciled. This allowed Paystand to help the company completely eliminate manual payment processing, double its invoice throughput, and scale its operations without needing to add any new headcount.

Peak Design