Paystand Blog

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

3 Reasons to Consider an AR Automation Tool in Your 2021 Budget

For most CFOs, the COVID-19 crises caused a shift in priorities, leaning towards employee safety, and cutting down expenses in order to survive the unexpected economic shock that unfolded. In this environment, the careful planning and demands of building a budget for 2021 became more than routine exercise. Instead, it became a strategic imperative.

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Daniella Bourguetts Daniella Bourguetts on December 15, 2020

Payment Solutions, Digital Payment, netsuite, Payment Processing

What is Straight Through Processing?

Straight-through processing (STP) helps businesses speed up transaction processing by streamlining data sharing across multiple points in a fully-automated manner. In accounts receivable, STP is used to reduce errors and the amount of repetitive, menial tasks required to collect and reconcile payments.

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Daniella Bourguetts Daniella Bourguetts on November 11, 2020
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