Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
How to choose the best payment integration for Sage Intacct
Jul 29, 2021 by Kelsey Banerjee
With 92.6% of businesses reporting late payments among B2B customers in the US alone, CFOs and controllers need more than a financial ERP to reduce their DSO. A payments app integrated with your Sage Intacct instance is one of the easiest ways to automate your AR department’s payment process and improve your cash flow, but it can be challenging to decide on the best option – especially if you use Sage Intacct.
Our Series C and how we’re building the future of commercial finance
Jul 26, 2021 by Jeremy Almond
On Friday, we announced our $50-million Series C round of funding. We’re thrilled to add incredible new investors like NewView Capital, SoftBank’s Opportunity Fund, King River Capital, Transform Capital, and Industrious Ventures as long-term shareholders who will be joining us on our mission to reboot commercial finance, starting with B2B payments. But, beyond a funding announcement among numerous capital raises in the tech industry, I wanted to take a moment to share what this means not only for Paystand, but for the vision behind our commitment to building an open commercial finance industry.
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How Payer Incentives Puts Money Back Into Your Business: A Case Study
Jul 7, 2021 by Mark Fisher
TL/DR; Implementing Paystand's Payer Incentives module creates significant shifts in payment behavior away from cards and saves businesses an average of 67% on punitive transaction fees.
It's The End Of Interchange As We Know It (And I Feel Fine)
Jun 9, 2021 by Mark Fisher
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― Buckminster Fuller
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.
Why CFOs are Betting on AR Automation for Survival
Mar 17, 2021 by Mark Fisher
For most CFOs, the COVID-19 crises caused a shift in priorities, leaning towards employee safety and cutting down expenses to survive the unexpected economic shock that unfolded. In this environment, Accounts Receivable automation became more than wishful thinking and turned imperative for continuing operations in remote situations. But more broadly, last year's events ushered in an acceleration of digital transformation across the Finance organization in companies of all sizes.
Payer Incentives: How Paystand Turned B2B Payments Into A Win-Win
Mar 4, 2021 by Mark Fisher
Paystand was founded with a core mission to reboot commercial finance. We believe the infrastructure that supports B2B payments and commercial transactions needs a complete overhaul.
Paystand Recognized for Best Use of Blockchain in Benzinga Global Fintech 250
Nov 10, 2020 by Mark Fisher
B2B payments leader recognized as Blockchain payments pioneer; named a Benzinga Fintech Listmaker as payment network crosses 160,000 businesses.
Paystand Surpasses 1000% Growth, Selected To 2020 Inc. 5000 List
Aug 20, 2020 by Mark Fisher
B2B payments leader selected to Inc. 5000 list as top 10 fastest growing private company in Silicon Valley; payment network crosses 140,000 businesses.
How Choozle Cut DSO By 33% With Paystand's NetSuite Integration
Oct 23, 2019 by Mark Fisher
Building a great business starts with finding your customers. Choozle provides powerful data-driven tools that help you execute scalable digital ad campaigns to reach your audience. They also author an amazing blog with helpful tips that sharpen your digital advertising skills.
100,000 Thanks and A Look At Our Fintech Advisory Council
Oct 10, 2019 by Mark Fisher
Our mission at Paystand is pretty straight-forward (but certainly not easy): reboot the broken financial system. Since we started chipping away at this audacious goal nearly 5 years ago, we've built truly innovative technology, forged deep customer relationships, and most importantly, started a movement toward a more open financial system that provides businesses with greater control over their capital. Today, we’ve got a few updates on how we’ve been delivering against that mission. Since raising our Series A, we’ve quickly become the fastest growing commercial payments platform. Over 100,000 businesses are now paying through the Paystand Bank Network, eliminating millions of dollars in transaction fees.