Paystand Blog

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

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How to Evaluate Your Cash Flow Health

Apr 15, 2021 by Daniella Bourguetts

The way you measure your cash flow should always be tied to your business goals and operational needs. Every company has different needs, so it’s only natural that indicators in cash flow statements vary accordingly.

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Paystand Receives The Startup Weekly’s 2021 Financial Services & Insurance Companies to Watch Award

Apr 7, 2021 by Mark Fisher

We’re excited to announce that, on April 5, 2021, we received Startup Weekly’s Financial Services & Insurance Companies to Watch award – an honor reserved for businesses that showcased strong growth and excellence in 2020.

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Issue #12: Software is Eating the Banks

Apr 1, 2021 by Daniella Bourguetts

Editor’s note: Hello there, readers. In this month's newsletter, we invite you to take a pause and think of all those aspects in your life that have become software in the last ten years. From the way we consume content, to the sophisticated digital tools we use to manage daily complex financial transactions. It's no longer a material world, it's a digital one. Subscribe now.

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How Does Paystand Automate the Accounts Receivable Process?

Nov 22, 2019 by Eduardo Lopez

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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What is Least-Cost-Routing?

Nov 20, 2019 by Eduardo Lopez

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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Upgrade Your Team with a Digital Accounts Receivable Process

Nov 18, 2019 by Eduardo Lopez

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

Nov 15, 2019 by Eduardo Lopez

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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What is the Paystand Bank Network?

Nov 13, 2019 by Eduardo Lopez

The Paystand Bank Network allows you to move money electronically without paying any transaction fees. Paystand covers over 90% of the US banking market and 98% of all commercial accounts, making it the most complete digital payment network available to businesses today.

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7 Expert Invoicing Tips That Can Help You Get Paid Faster

Nov 11, 2019 by Eduardo Lopez

The end of year close is approaching and that means it's time to catch up on those late receivables. Whether your company sells handcrafted boots, digital advertising technology, or outdoor products, now is the time to follow up on any overdue invoices and get those accounts current.

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AFP 2019: Top 3 Takeaways for B2B Payments and Commercial Finance

Nov 5, 2019 by Eduardo Lopez

Real-time payments, machine learning, decentralized ledgers – how do you sort through the hype and figure out what’s important in 2020? That's what this year's AFP Treasury and Finance Conference was all about. The event, which attracted more than 7,000 attendees, highlighted how technology is expected to continue disrupting accounting and finance. Read on for an insider’s recap of the event's top takeaways.

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4 Accounts Receivable Processes Every Controller Should Automate in 2020

Sep 17, 2019 by Eduardo Lopez

Today’s world is highly automated, from the sales email in your inbox to the money that gets deposited in your bank account every two weeks. Across every function from marketing to sales to HR and Support, automation has become a key to success. Now it’s time for finance teams to benefit from the cost savings, profit, and productivity that only automation can deliver.

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5-Step Playbook: How to Optimize Your Accounts Receivable Process

Sep 11, 2019 by Eduardo Lopez

A powerful, cost-effective payments process isn’t something that happens by itself; rather, it’s a thoughtful process of weighing data, hidden costs, and risk on one hand while balancing your time, bandwidth, and customer relationships on the other.

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How much is it costing your business to accept paper checks?

Sep 4, 2019 by Eduardo Lopez

Paper checks are one of the most costly ways you can collect payments from your customers. Many businesses think getting paid by check is free, but this couldn’t be further from the truth. Paper checks are loaded with labor costs, processing fees, and hidden markups. Last year alone, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.

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