Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
The Future of Payments is Here With the Paystand Bank Network
Jan 26, 2023 by Zazil Martinez
A significant indicator of business success is customer satisfaction. Companies can achieve it by listening and attending to their needs. One of these needs is offering different payment methods.
Optimize Your Revenue with a Zero-Fee Payment Strategy
Jan 25, 2023 by Kelsey Banerjee
Credit card processing fees and other transaction costs cut deep into business revenue—in 2021 alone, U.S. merchants paid $137.83 billion in fees. And that’s just for accepting credit card payments.
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5 Tips to Make the Most Out of Paystand's NetSuite Integration
Jul 6, 2022 by Kelsey Banerjee
When it comes to optimizing Oracle NetSuite for accounts receivable, more and more businesses are turning to the Paystand SuiteApp for AR automation and complete transparency. But integration success goes beyond implementation, and accounting automation only takes you so far.
Managing Accounts Payable
Jun 28, 2022 by Kelsey Banerjee
Managing accounts payable (AP) efficiently takes more effort and resources than ever. In an era of uncertainty and supply chain shortages, AP staff are the front line of maintaining positive relationships with suppliers and vendors.
What You Need to Know About Payment Verification
Jun 14, 2022 by Kelsey Banerjee
Whether you’re getting paid or paying someone else, payment verification is essential for preventing fraud and securing payments. While you may not need to verify your client's bank accounts, having a PCI and AML complaint portal that validates accounts is a great way to reduce risk and paperwork down the road.
How Automation Makes Month-end Accounting Less Stressful
May 31, 2022 by Kelsey Banerjee
How stressed are accountants? A recent study by the Institute of Chartered Accountants in England and Wales found that 80% of accountants struggled with general stress, and 56% said they were on the verge of burnout.
How to Increase Solar Revenue (Without Changing Your Business Model)
May 24, 2022 by Kelsey Banerjee
Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.
5 Best Billing Software
May 19, 2022 by Kelsey Banerjee
Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.
Calculating Accounts Receivable: Cash Method vs. Accrual Method
May 17, 2022 by Kelsey Banerjee
When it comes to financial management, knowing how your business will record payments and expenses is the cornerstone of every transaction. Without this essential bit of information, you can kiss even partially-accurate cash flow projections goodbye.
4 Common Accounts Receivable Challenges and How to Solve Them
May 3, 2022 by Kelsey Banerjee
Most companies have an accounts receivable (AR) policy for when and how much to bill and when to collect. But research shows that not all businesses execute that policy effectively. In fact, the average US business has up to 24% of its monthly revenue tied up in overdue invoices.
How Does ACH Work?
Apr 28, 2022 by Kelsey Banerjee
While ACH has been around for decades, more and more businesses are shifting away from credit cards and bank wires in favor of this payment method. In 2021, same-day ACH grew by 74%, with B2B payments specifically being up 20.4%.