Why Paystand Raised $20M to Fix Commercial Payments

Today is a big day for Paystand: We closed a $20 million Series B investment round from the same venture teams that invested in Coinbase, Gusto, Intacct, Coupa, PayPal, Avalara, and many others. We’d like to welcome DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures as new investors, as well as welcome Roman Leal from Leap Global Partners as our newest board member.

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Jeremy Almond on February 7, 2020

Company, Open Industry

6 New Year’s Resolutions for Accounts Receivable (A/R) Teams in 2020

With 2020 finally upon us, it’s time to start making our New Year’s resolutions. You may already have set your personal goals, but what about your Accounts Receivable resolutions? As an accountant, these resolutions might look a little different, but that’s why Paystand is here to help.

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Eduardo Lopez on January 13, 2020

Payments, Accounts Receivable, Digital Payment, automation

What is Fund-on-File Tokenization?

Tokenization is a process of replacing sensitive data with non-sensitive data. It is used to safeguard your payment information by replacing it with a unique string of numbers.

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Eduardo Lopez on December 18, 2019

Payments, Digital Payment

4 Must-Have Features to Consider When Choosing a NetSuite Payment Solution

What should you look for in a NetSuite payment solution?

NetSuite offers a variety of flexible payment solutions, but users often face difficult integration challenges associated with these third-party tools (SuiteApps). The right payment solution will not only integrate easily with your current systems, but will should also help you reduce processing costs, speed up collections, and streamline the payments process for your customers.

In this blog, we’ll explore four key features to look for when choosing a NetSuite payment solution.

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Eduardo Lopez on December 16, 2019

Payments, Accounts Receivable, Digital Payment, automation

What is Payments-as-a-Service?

Payments-as-a-Service (PaaS) is a cloud-based approach to commercial payments pioneered by Paystand. Essentially, it moves your cash cycle into the cloud and helps you automate the back-office financial process from end to end. In addition to this, instead of charging customers fees based on transaction volume, subscribers only pay a flat monthly rate to Paystand's software.

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Eduardo Lopez on December 2, 2019

Payments, payments-as-a-service, Digital Payment

How to Start Automating Your Accounts Receivable Process

Why are some finance teams slower to adopt automation? Some are concerned that automation could cost them their jobs. There’s comfort and a sense of security in number-crunching. But all those calculations take time away from strategic thinking that businesses so desperately need.

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Eduardo Lopez on November 25, 2019

Payments, Accounts Receivable, Digital Payment, automation

How Does Paystand Automate the Accounts Receivable Process?

Paystand automates the entire Accounts Receivable process, so you never have to spend hours manually collecting and reconciling payments. The benefits are two-fold: your team removes hours of repetitive tasks from their workload, and tasks are automatically executed error-free on your behalf. Paystand also helps businesses reduce late payments. That's why Paystand customers usually decrease the number of overdue receivables by 62% in the first few months.

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Eduardo Lopez on November 22, 2019

Payments, e-invoicing, Accounts Receivable, automation, collections

What is Least-Cost-Routing?

Paystand's Least-Cost-Routing technology is designed to steer customers to the payment rail that will result in the lowest cost to the merchant. Paystand's platform also allows you to control which payment options appear in your payment portal, helping you reduce fees and processing costs.

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Eduardo Lopez on November 20, 2019

Payments, merchant fees, Digital Payment

Upgrade Your Team with a Digital Accounts Receivable Process

Is your accounts receivable process slowing you down?

Today, finance teams of all sizes are drowning in paperwork, manual tasks, and disparate data sources. These broken processes hold your team back by limiting capital efficiency and liquidity, and decrease your time, revenue, and efficiency. In fact, businesses can lose up to 25% of revenue from new sales due to poor billing and A/R processes.

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Eduardo Lopez on November 18, 2019

Payments, Accounts Receivable, Digital Payment, automation

Here's What You Can Do With Paystand's SuiteApp Features

Paystand's Built-for-NetSuite SuiteApp has proven to be one of the most powerful payment integrations in the NetSuite ecosystem. Its flat monthly pricing and zero-fee payment rail make Paystand an extremely enticing payment solution for NetSuite users, and that value is only multiplied when you factor in Paystand's ability to automate the entire A/R process and handle everything digitally.

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Eduardo Lopez on November 15, 2019

Payments, e-invoicing, netsuite, automation, collections