Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why card monopolies are failing B2B businesses
Feb 19, 2021 by Daniella Bourguetts
If the last couple of years have taught us anything is that change is inevitable. On most occasions, it's impossible to predict global pandemics or the financial implications of profound political changes in the worldwide landscape.
#10: The Journey to Zero
Feb 4, 2021 by Daniella Bourguetts
Editor’s note: Hello, readers. Welcome to the first newsletter of 2021. To kick off the year, we're setting the stage for what it means to create a new financial infrastructure for the B2B industry. It's something we call: The Journey to Zero. Subscribe now.
The Journey to Zero: How Paystand is Changing B2B Payments
Feb 3, 2021 by Daniella Bourguetts
Of the myriad problems facing businesses today, one over-arching challenge dominates all else: the B2B financial system remains essentially unchanged since the middle of the 20th century. At its core exists a fee-based transaction model for payments that no longer meets the needs of modern, digital-first businesses.
All Blog Posts
The Benefits of Digital Payments for B2B Businesses
Nov 3, 2020 by Eduardo Lopez
Businesses typically view the payment experience as just another customer touchpoint, but now shifts in technology have proved that digital payments are bringing a ton of opportunities for businesses to grow faster and more efficiently.
What is a Bank Lockbox Service and How is it Used for Payments
Oct 22, 2020 by Eduardo Lopez
Across the cash management process, Bank Lockbox Services have been around for decades as a way for treasury and finance teams to improve their receivable process for checks and other payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged.
How to Choose a Xero Payment Integration
Aug 27, 2020 by Eduardo Lopez
Choosing the right Xero payment integration is an important decision for B2B companies. In today’s business climate, customers like having multiple digital payment options and expect the process to be fast, smooth, and secure.
Accounts Receivable: A Strategy for Steady Cash Flow
Aug 4, 2020 by Eduardo Lopez
Whether you're a mid-market business or a large enterprise with a dedicated accounts receivable (AR) team, creating a steady stream of "free cash flow" is always a challenge in B2B payments. In fact, the average US business has 24% of its monthly revenue held up in accounts receivable. In this blog: a strategy for steady cash flow.
What is a virtual expense card?
Jul 16, 2020 by Eduardo Lopez
Virtual expense cards are like prepaid cards that employees can use to securely make purchases online and over the phone. These cards work exactly the same way as physical cards and allow businesses to issue 16-digit card numbers in just a few clicks. To the merchant, the transaction looks no different than any other payment, but neither the employee nor the merchant has access to your bank information, adding a layer of security to the transaction.
What to Look for When Choosing a Payment Integration for NetSuite
Jul 9, 2020 by Eduardo Lopez
NetSuite is a complete, scalable cloud ERP (enterprise resource planning) solution targeted at high-growing, mid-sized and large enterprise businesses. Various integrations have been created to improve the digital automation of your financial cycle, an area that is critical. In this article, we'll walk you through what to look for when choosing a NetSuite payment integration.
Choosing a Magento Payment Gateway Extension
Jun 25, 2020 by Eduardo Lopez
Choosing a payment gateway is an important decision for new and existing Magento stores. When you're operating an ecommerce business, you need a payment gateway that can handle purchases with speed, security, and convenience.
4 Effective Ways to Recession-Proof Your Accounts Receivable Department
Jun 1, 2020 by Eduardo Lopez
The recent economic volatility has led businesses to be more careful about how they manage their cash. In these times, it's helpful for accounts receivable teams to focus on improving cash flow and strengthening their payment process.
How Medical Device Companies Can Improve Cash Flow with Digital Payments
May 28, 2020 by Eduardo Lopez
Medical device companies, hospitals, and health systems are working hard to keep up with the demand COVID-19 has created. Revenue targets are being reassessed, work environments are changing, and finance teams are looking for ways to operate faster, leaner, and more efficiently to address both short and long-term sustainability.
323 Apartments: Switching to Digital Rent Collection
May 11, 2020 by Eduardo Lopez
In an effort to reduce missed or late rent payments, 323 Apartments wanted to set up a digital payment portal and offer tenants more flexible ways to pay their rent. Read on to see how Paystand helped 323 Apartments set up a digital payment collection system in one week.