PAYSTAND BLOG

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

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 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 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 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 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 Mark Fisher on October 18, 2018

B2B Payments, Mexico

The Benefits of Digital Payments

Payment is a crucial step in any customer-vendor interaction. It completes the transaction and defines a successful customer conversion. Despite its strategic importance, businesses worldwide typically mark this step as just another customer touchpoint. As shifts in technology have revolutionized many industries over the past decade, payments also deserve a closer look.

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Anindya Chanda Anindya Chanda on September 6, 2018

B2B Payments, PaaS

Incorporating SaaS to offer Payments-as-a-Service

Software is changing our world and the way companies operate in it. Shifts in technology and the rise of modern, cloud services have reshaped entire industries. These shifts have created zero-sum situations with a new set of winners, leaving many businesses who did not -- or were unable to -- reinvent themselves on the outside looking in. For every Uber, AirBnb, and Netflix, there are many more local taxi, hotel, and video rental companies who did not embrace new software and services. To remain relevant in today’s rapidly changing business world, it is important to continually review and reimagine your business by taking advantage of the latest developments in technology. In this article we'll discuss Software-as-a-Service (SaaS) and how to incorporate SaaS to offer Payment-as-a-Service.

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Anindya Chanda Anindya Chanda on August 31, 2018

SaaS, B2B Payments, PaaS

Simplifying Transactions with Virtual Terminals

The end goal of any payment processing system is to offer a convenient way to transfer economic value securely. This is a very important step in any business as customers have to trust the system to buy services or products. With that being said, not all payment systems are the same. Virtual Terminals provide better overall value in comparison with traditional Point of Sale systems. Not only are they easier to use and understand, but also involve easy setup while maintaining flexibility and providing better value for merchants and customers alike.

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Anindya Chanda Anindya Chanda on July 31, 2018

B2B Payments, payment gateway, virtual terminals

What to Look for When Choosing a Payment Application for NetSuite

NetSuite is a complete, scalable cloud ERP (enterprise resource planning) solution targeted at high-growing, mid-sized and large enterprise businesses. It automates portions of front- and back-office processes including: financial management, revenue management, fixed assets, order management, billing, and inventory management. This article will walk you through what assets are crucial when choosing your company’s NetSuite payment module.

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Kenzie Earle Kenzie Earle on January 24, 2018

netsuite, automation, multiple payment rails, reporting, Auto-reconciliation, AR digitization

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