PayStand Announces Automated Receivables Product to Further Streamline Enterprise Payments

Collections Automation Product Goes Far Beyond Simple Email Contact, Using Blockchain Technology to Maximize Employee Time and Streamline the Payments Process

SCOTTS VALLEY, Calif. - April 10th, 2019 - PayStand, the digital B2B payment network for the future of commerce, today announced the release of its newest product, PayStand Automated Receivables. Automated Receivables enables near effortless invoice collections with highly customized workflows, resulting in the ability to get cash-in-hand quicker than ever before. Corporate finance teams of all sizes are able to own the enterprise cash lifecycle with modern, digital payments options built directly into the communications and tools they use to collect customer payments.

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Mark Fisher on April 10, 2019

How to Digitize the Enterprise Cash Cycle, Part 3: Reconciliation

Does anyone really look forward to the month-end accounting close process? Given how long it takes, it’s really hard to imagine that the answer is “yes.” Estimates on how long month-end close takes range from barely manageable to incredibly arduous:

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Scott Campbell on April 9, 2019

Payments, ERP, Payment Solutions, AR, automation, Business Process Management

Accounts Receivable Automation with PayStand Drives Capital Efficiency and Lowers Costs for Elenteny Imports

Here at PayStand, we pride ourselves on being the most flexible B2B payment platform available for growing businesses. When we engage with a new customer, our goal is to help the business automate manual processes and digitize their enterprise cash cycle in a flexible, customizable way.

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Mark Fisher on April 2, 2019

Accounts Receivable, Finding Efficiency, B2B Payments, netsuite, AR digitization, Customer Success

How to Digitize the Enterprise Cash Cycle, Part 2: Payments

In our previous post, we talked about the importance of looking at the enterprise cash cycle as a whole to get a better understanding of how it functions today. Armed with an informed perspective on all parts of the process, business leaders can then recommend changes to optimize revenue.

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Scott Campbell on March 14, 2019

Payments, Payment Solutions, AR, automation, Business Process Management

Vegas Here We Come For SuiteWorld 2019!

SuiteWorld is upon us again and the team at PayStand is excited to announce our sponsorship of this year’s event as an Emerging Partner. Like last year, Oracle NetSuite SuiteWorld will be held in Las Vegas, Nevada, taking place April 1st through April 4th at the Sands Expo and Convention Center. Last year, the event boasted a crowd of over 7,000 attendees and we’re looking forward to meeting even more this year.  

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Mark Fisher on March 11, 2019

PayStand News, B2B Payments, netsuite, suiteworld, RevOps

How to Digitize the Enterprise Cash Cycle, 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. To kick off 2019, we’ll be taking a look at the enterprise cash cycle and what it means to truly modernize your business relative to payments.

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Scott Campbell on January 18, 2019

e-invoicing, Payment Solutions, AR, automation, Business Process Management

“Going Digital” Means More Than Just Accepting Credit Cards

What does accepting credit card payments really mean for your business?

To some companies, credit card payments translate to expansion into new markets. To others, credit card processing signals unaffordable transaction fees or more complex technical integrations. Fill in the blank with your own answer.

But the one thing credit cards definitely don’t mean: that the business has joined the digital era just by virtue of accepting them as a method of payment.

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Mark Fisher on November 29, 2018

Paper Checks Are On the Decline in the B2B Payments Space

Making it easy for customers to pay their bills is a key component of any successful company. Because really, if you can’t collect payments, how will your business survive? For many B2B companies, this means accepting paper checks as the predominant method of payment. And once you start, it’s really hard to convince yourself that customers will pay any other way.

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Mark Fisher on October 30, 2018

PayStand Releases SuiteApp Integration To Extend Best-In-Class Payment Functionality Within NetSuite

Company Delivers One-Click-Simplicity to Handle Enterprise Cash Cycle

SCOTTS VALLEY, Calif. - October 25, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the next generation of its SuiteApp integration, delivering all-in-one electronic payment functionality within NetSuite for companies of all sizes. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check. PayStand together with NetSuite gives businesses a next-generation platform that automates the entire enterprise cash cycle.

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Mark Fisher on October 25, 2018

Payments, Accounts Receivable, B2B Payments, netsuite

PayStand Expands Operations to Mexico With New Office

PayStand Expands Footprint To Further Deliver on the Promise of a Better Global Payments System; Partners With StartupGDL To Drive Regional Economic Development

SCOTTS VALLEY, CALIF. AND GUADALAJARA, MEXICO - OCTOBER 18, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the opening of a new office located in Guadalajara, Mexico. The expansion bolsters PayStand’s continued focus to deliver the most robust digital payment network for businesses and also positions the company to solve significant challenges in global payments by drawing on a diverse and experienced team. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check.

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Mark Fisher on October 18, 2018

B2B Payments, Mexico