Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why You Need an Accounts Receivable Process Flowchart
Feb 28, 2024 by Zazil Martinez
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. An accounts receivable flowchart visually represents the collection process, highlighting areas of inefficiency and opportunities for automation. Accounts receivable flowcharts are excellent for helping accounts receivable departments to visualize their processes. They often help pinpoint which areas are ripe for automation or improvement. Not only can they effectively keep your team on the same page and train new employees, but they can also help you see areas of inefficiency.
How to Find the Best AR Automation Software for Your Business
Feb 23, 2024 by Zazil Martinez
Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past. The best AR automation software offers a solution that automates and optimizes accounts receivable management. This lets finance professionals focus on strategic initiatives rather than mundane administrative tasks. But with so many available options, choosing the best AR automation software can be daunting. Here's a comprehensive guide on what to look for to select the best one for your business.
Top Challenges Accounts Receivable Teams Face and How to Solve Them
Feb 20, 2024 by Zazil Martinez
In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers. A weak accounts receivable management process can cause several other unintended consequences, including:
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Everything You Need to Know About Payment Gateways and How They Work
Sep 15, 2022 by Izzy Howell
The payment processing system has many unique components that are all essential to ensuring that you, the merchant, are able to receive funds securely and efficiently from your customers.
Journey to Zero
Sep 2, 2022 by Izzy Howell
Paystand’s Journey to Zero is the culmination of our mission to build a next-gen payments structure — one that helps businesses break free of the legacy payments model by:
Are Online Payments Really Secure?
Sep 2, 2022 by Izzy Howell
Today, almost every element of our daily lives have been disrupted by technology. Our analog world has moved entirely online, and the global pandemic has only increased our reliance on software — especially for tasks that are essential to work.
Paystand Named to Inc. 5000 Fastest-Growing Companies for Third Straight Year
Aug 22, 2022 by Izzy Howell
SCOTTS VALLEY, Calif. – Aug. 22, 2022 – For the third straight year, Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, has been named to the Inc. 5000 list of fastest-growing companies. With a growth rate of 876% over three years, Paystand’s momentum has continued to accelerate with its acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The new combined company has become 2022’s fastest-growing DeFi fintech unicorn.