Paystand Blog

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

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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.

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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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Myths & Facts About Credit Cards

Jan 24, 2023 by Sage Thee

For better or worse, we’ve accepted credit cards as a business necessity. But how much do we really know about them and their complicated processes and fees? Are there better options out there for B2B payments than credit cards?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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%.

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How to Automate Your Accounts Receivable Process

Apr 20, 2022 by Kelsey Banerjee

Why are some finance teams slower to adopt AR automation than others?

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