Paystand Blog

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

Recent posts

How to Increase Solar Revenue (Without Changing Your Business Model)

May 24, 2022 by Kelsey Banerjee

Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.

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5 Best Billing Software

May 19, 2022 by Kelsey Banerjee

Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.

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Everything You Need to Know About Decentralized Finance

May 18, 2022 by Sage Thee

What is decentralized finance (DeFi)? Put simply; decentralized finance is the opposite of centralized finance, the pervasive financial structure currently used. Centralized finance depends on a central bank, and a central authority governs the system and often regulates who has and doesn’t have access to it — something referred to as financial gatekeeping.

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How to Increase Solar Revenue (Without Changing Your Business Model)

May 24, 2022 by Kelsey Banerjee

Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.

Read More

5 Best Billing Software

May 19, 2022 by Kelsey Banerjee

Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.

Read More

Everything You Need to Know About Decentralized Finance

May 18, 2022 by Sage Thee

What is decentralized finance (DeFi)? Put simply; decentralized finance is the opposite of centralized finance, the pervasive financial structure currently used. Centralized finance depends on a central bank, and a central authority governs the system and often regulates who has and doesn’t have access to it — something referred to as financial gatekeeping.

Read More

Calculating Accounts Receivable: Cash Method vs. Accrual Method

May 17, 2022 by Kelsey Banerjee

When it comes to financial management, knowing how your business will record payments and expenses is the cornerstone of every transaction. Without this essential bit of information, you can kiss even partially-accurate cash flow projections goodbye.

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Digitizing the Enterprise Cash Cycle

May 5, 2022 by Sage Thee

Part 1: Invoicing Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs but regularly miss the mark. In this three-part post, we’ll be looking at the enterprise cash cycle and what it means to truly modernize your business payments.

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4 Common Accounts Receivable Challenges and How To Solve Them

May 3, 2022 by Kelsey Banerjee

Most companies have an accounts receivable (AR) policy for when and how much to bill and when to collect. But research shows that not all businesses execute that policy effectively. In fact, the average US business has up to 24% of its monthly revenue tied up in overdue invoices.

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How Does ACH Work?

Apr 28, 2022 by Kelsey Banerjee

While ACH has been around for decades, more and more businesses are shifting away from credit cards and bank wires in favor of this payment method. In 2021, same-day ACH grew by 74%, with B2B payments specifically being up 20.4%.

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Moving Beyond Traditional B2B Payment Methods

Apr 26, 2022 by Sage Thee

Traditional B2B payment methods work — but with caveats like processing fees and chargebacks. And if you’re running into these things more and more as you process and send payments, it’s time to reconsider your loyalty to a particular method. Improving your B2B payment processes starts here.

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The Merits of using Crypto for B2B Transactions

Apr 21, 2022 by Sage Thee

As we see more and more companies accepting crypto for payments in the B2C space — such as Microsoft, MasterCard, and even Starbucks — we can’t help but wonder what crypto might look like in the B2B space. While the acceptance and use of crypto for B2C transactions is monumental, we think that it can be even better — i.e., crypto being widely accepted and used in B2B transactions.

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How to Automate Your Accounts Receivable Process

Apr 20, 2022 by Kelsey Banerjee

Why are some finance teams slower to adopt AR automation than others?

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