Paystand Blog

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

Recent posts

5 Gaps in NetSuite Accounting (and How to Fill Them)

Dec 7, 2022 by Kelsey Banerjee

For many B2B organizations, Oracle NetSuite is the pinnacle of accounting and operations management software. It does everything.

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The Future Beyond Credit Card Fees

Dec 6, 2022 by Sage Thee

Here at Paystand, we believe that the best possible option for businesses is reducing credit card transactions.

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What does it mean to be “zero-fee”?

Dec 1, 2022 by Zazil Martinez

Nowadays, every product or service we get usually includes an extra charge. Either for payment processing, using a particular bank card, or other operations. No matter the transaction, no additional fee should increase the original agreed price.

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5 Gaps in NetSuite Accounting (and How to Fill Them)

Dec 7, 2022 by Kelsey Banerjee

For many B2B organizations, Oracle NetSuite is the pinnacle of accounting and operations management software. It does everything.

Read More

The Future Beyond Credit Card Fees

Dec 6, 2022 by Sage Thee

Here at Paystand, we believe that the best possible option for businesses is reducing credit card transactions.

Read More

What does it mean to be “zero-fee”?

Dec 1, 2022 by Zazil Martinez

Nowadays, every product or service we get usually includes an extra charge. Either for payment processing, using a particular bank card, or other operations. No matter the transaction, no additional fee should increase the original agreed price.

Read More

How to Set Up Custom Invoice Workflows in Paystand's SuiteApp

Nov 30, 2022 by Kelsey Banerjee

Empowering your NetSuite ERP with the ability to automate B2B payments is a big win for not just accounts receivables but the entire business. Invoice automation, in particular, removes a huge chunk of manual processes so that the finance team can focus on mission-critical tasks—all without sacrificing cash flow.

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The 10-Minute Guide to Reconciliation in NetSuite

Nov 29, 2022 by Kelsey Banerjee

Even after shifting from the manual reconciliation process to the NetSuite ERP, reconciling all transactions by hand before the month's close can be tedious.

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Evaluating Your Year and Finishing the Year Strong

Nov 24, 2022 by Zazil Martinez

Think about everything companies must do to begin the year-end close: expediting collections, making payments, setting objectives for the coming year, closing accounts, and paying taxes. But why is it so important? Believe it or not, this intricate yet necessary process may give you a glimpse into your business's future.

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Everything You Need to Know About Your Business’s Credit Score

Nov 18, 2022 by Sage Thee

First things first, what is a business credit score? Similar to your personal credit score, a business credit score is a credit score that applies to a company instead of an individual. Most range from 0-100 (unlike personal credit scores, which range from 350-800). The FICO Small Business Scoring Service (FICO SBSS) ranges from 0-300. Why is your business credit score important? Lenders, suppliers, and potential business partners will often rely on business credit reports to help determine the risk associated with certain companies and use that information to help decide whether or not to do business with them.

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Improve Your Collections With Recurring Payments

Nov 17, 2022 by Zazil Martinez

Managing customer collections is not always easy, and there is often no protocol for consistent control in this aspect. One of the main problems of not having a clear collection strategy in the company is late payments. Around 20% of customers are late in their payments or do not pay their debt, significantly reducing the company's gross income.

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7 Benefits of a Merchant Account

Nov 15, 2022 by Kelsey Banerjee

Today, businesses need to accept more than cash, checks, or a customer's debit card. Even credit card payments are getting left behind with the seamless processing of ACH and bank-to-bank transfers. But to leverage these options, a small business owner needs to invest in a merchant account.

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The Guide to Payment Terms (and How to Optimize Them)

Nov 11, 2022 by Kelsey Banerjee

Payment terms define when you get paid—at least regarding accounts receivable (AR). For accounts payable, payment terms usually refer to paying vendors and suppliers.

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