PAYSTAND BLOG

Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.

100,000 Thanks and A Look At Our Fintech Advisory Council

Our mission at Paystand is pretty straight-forward (but certainly not easy): reboot the broken financial system. Since we started chipping away at this audacious goal nearly 5 years ago, we've built truly innovative technology, forged deep customer relationships, and most importantly, started a movement toward a more open financial system that provides businesses with greater control over their capital. Today, we’ve got a few updates on how we’ve been delivering against that mission.

Since raising our Series A, we’ve quickly become the fastest growing commercial payments platform. Over 100,000 businesses are now paying through the Paystand Bank Network, eliminating millions of dollars in transaction fees.

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Mark Fisher Mark Fisher on October 10, 2019

Executive Team, Culture, Company, Paystand Bank Network, Advisory Council

The Attendee’s Guide to AFP 2019 (and 5 Reasons Why You Should Attend)

In just over three weeks, over 7,000 finance leaders will meet in Boston for this year’s AFP 2019 at the Boston Convention & Exhibition Center.

AFP is one of the most forward-thinking finance events of the year. Speakers from various industries come together to provide actionable advice on the trends and tools you should be focusing on for 2020 and beyond.

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Eduardo Lopez Eduardo Lopez on September 24, 2019

Payments, event, Digital Payment, automation, Company

4 Accounts Receivable Processes Every Controller Should Automate in 2020

Today’s world is highly automated, from the sales email in your inbox to the money that gets deposited in your bank account every two weeks.

Across every function from marketing to sales to HR and Support, automation has become a key to success. Now it’s time for finance teams to benefit from the cost savings, profit, and productivity that only automation can deliver.

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Eduardo Lopez Eduardo Lopez on September 17, 2019

Payments, Accounts Receivable, Digital Payment, automation

How much is it costing your business to accept paper checks?

Paper checks are one of the most costly ways you can collect payments from your customers. Many businesses think getting paid by check is free, but this couldn’t be further from the truth. Paper checks are loaded with labor costs, processing fees, and hidden markups. Last year alone, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.

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Eduardo Lopez Eduardo Lopez on September 4, 2019

Payments, Paper Checks, Digital Payment, Paystand Bank Network

6 Ways NetSuite Users Can Reduce DSO By 30%

Managing receivables is one of the most important parts of any business. One wrong move and you’re dealing with unhealthy cash inflows and missed or delayed payments. Whether you’re a CFO thinking about financial strategy or a controller focused on managing internal controls and processes, it’s important to keep your Days Sales Outstanding (DSO) to a minimum.

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Eduardo Lopez Eduardo Lopez on August 21, 2019

Payments, DSO Solutions, Accounts Receivable, netsuite

The Four Pillars of Modern B2B Payments

Creating a modern B2B payments experience comes down to one idea: transactions should be frictionless.

There's no reason a customer should worry about how much they're being charged or whether a transaction is secure. Vendors shouldn’t spend time thinking about what payment methods to accept, how quickly they'll receive payment, or how to integrate those payments into their overall cash cycle. All of those things should be automatic.

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Eduardo Lopez Eduardo Lopez on July 9, 2019

payments-as-a-service, blockchain, Digital Payment, automation

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