The coronavirus outbreak is forcing many businesses to rethink how they accept payments. Merchants and customers are shifting to digital payment methods to avoid the risk of infection from handling cash and paper checks. It's no longer business as usual. Now is the time to start making changes to avoid any lasting impact on your revenues.
Eduardo Lopez
on March 25, 2020
Enterprise Resource Planning (ERP) software provides the infrastructure needed to effectively manage your company's financials. NetSuite is one of the best ERP systems for growing businesses because it is highly customizable with features that lend well to scalability. As your business grows, it adapts to your needs. That is why so many companies switch to NetSuite once they reach the $10 million annual revenue mark.
Caleb Schmitz
on March 19, 2020
A note to our customers and partners:
In difficult times, we know it’s more important than ever to ensure the business critical operations of our customers. The rapid spread and outbreak of the novel Coronavirus (COVID-19) has affected each of us, and we’re adjusting to our new reality along with you. At Paystand, we understand the challenges your teams are facing and we want you to know that serving our customers and maintaining seamless operations has never been more important.
Jeremy Almond
on March 17, 2020
Today is a big day for Paystand: We closed a $20 million Series B investment round from the same venture teams that invested in Coinbase, Gusto, Intacct, Coupa, PayPal, Avalara, and many others. We’d like to welcome DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures as new investors, as well as welcome Roman Leal from Leap Global Partners as our newest board member.
Jeremy Almond
on February 7, 2020
With 2020 finally upon us, it’s time to start making our New Year’s resolutions. You may already have set your personal goals, but what about your Accounts Receivable resolutions? As an accountant, these resolutions might look a little different, but that’s why Paystand is here to help.
Eduardo Lopez
on January 13, 2020
Tokenization is a process of replacing sensitive data with non-sensitive data. It is used to safeguard your payment information by replacing it with a unique string of numbers.
Eduardo Lopez
on December 18, 2019
What should you look for in a NetSuite payment solution?
NetSuite offers a variety of flexible payment solutions, but users often face difficult integration challenges associated with these third-party tools (SuiteApps). The right payment solution will not only integrate easily with your current systems, but will should also help you reduce processing costs, speed up collections, and streamline the payments process for your customers.
In this blog, we’ll explore four key features to look for when choosing a NetSuite payment solution.
Eduardo Lopez
on December 16, 2019
Payments-as-a-Service (PaaS) is a cloud-based approach to commercial payments pioneered by Paystand. Essentially, it moves your cash cycle into the cloud and helps you automate the back-office financial process from end to end. In addition to this, instead of charging customers fees based on transaction volume, subscribers only pay a flat monthly rate to Paystand's software.
Eduardo Lopez
on December 2, 2019
Why are some finance teams slower to adopt automation? Some are concerned that automation could cost them their jobs. There’s comfort and a sense of security in number-crunching. But all those calculations take time away from strategic thinking that businesses so desperately need.
Eduardo Lopez
on November 25, 2019
Paystand automates the entire Accounts Receivable process, so you never have to spend hours manually collecting and reconciling payments. The benefits are two-fold: your team removes hours of repetitive tasks from their workload, and tasks are automatically executed error-free on your behalf. Paystand also helps businesses reduce late payments. That's why Paystand customers usually decrease the number of overdue receivables by 62% in the first few months.
Eduardo Lopez
on November 22, 2019
Payments, e-invoicing, Accounts Receivable, automation, collections
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.
Paystand
1800 Green Hills Road
Suite 200
Scotts Valley, CA 95066
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(800) 708-6413 (9-6pm, Pacific)
inquiries@paystand.com
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