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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Paystand Announces Gold Sponsorship of SuiteWorld 2021
Oct 5, 2021 by Mark Fisher
Blockchain-enabled B2B payment leader to participate in the 10th annual conference for NetSuite customers and partners
How to Integrate Digital Payments into Magneto
Sep 2, 2021 by Mark Fisher
From the first recorded digital payment in 1994, the movement of money throughout the global economy has undergone tremendous developments and changes. While the vast majority of consumers have paid for goods and services online with credit cards or bank transfers, today, the concept of money is still evolving as cryptocurrencies continue to see widespread adoption. Whole industries have grown up around blockchain technology, cybersecurity services, biometric authentication, and more.
How to Choose a B2B Payment Processor
Aug 31, 2021 by Mark Fisher
An accounts receivable and accounts payable department should work as a well-oiled machine for setting the cash flow tone in a business. Figuring out how the money could move more efficiently is at the top of every CFO’s list, and that includes finding the right payment processor for his or her team and customers.
The Definitive Guide to Sage Intacct Invoicing
Aug 24, 2021 by Mark Fisher
Today’s business leaders face one of the fastest, most competitive commercial landscapes in history. Both technology and consumer expectations are accelerating at a phenomenal pace and, as a result, the organizations that can get operational structures such as accounting and invoicing systems more streamlined and as efficient as possible will have a significant competitive advantage.
The Definitive Guide to NetSuite Integrated Payments
Aug 19, 2021 by Mark Fisher
The way our customers pay for things is changing. But that is good news.
How to Choose a B2B Payment Solutions Provider
Aug 17, 2021 by Mark Fisher
There’s no question that today’s enterprise companies find themselves on a constant search for both the processes and technologies needed to automate their accounting systems, and, in many cases, the legacy payment infrastructure serves as a significant barrier to achieving this when it comes to being as cost-effective as possible. However, even as new payment solutions enter the market, it’s essential for executives to understand how they compare with one another and against the conventional payment systems that exist today – especially when many offerings aren’t designed to support B2B transactions.
How to Optimize NetSuite with Integrated Payments and AR Automation
Aug 10, 2021 by Mark Fisher
ERP systems have revolutionized how accounting departments track payments, but these digital systems aren’t without their challenges. These systems often fall short when it comes to user experience and analytics, and that’s where integrations come in.
Demystifying Interchange Fees
Aug 3, 2021 by Mark Fisher
Interchange fees are inherently tied to the legacy payment system. In fact, if you're a business owner, there is a 100% chance that at some point you've been paid with a credit card, and – you guessed it – that means you've also been subjected to pay a transaction fee for the process of accepting that payment from your customer. While most merchants accept interchange fees without batting an eye, the truth is that very few businesses truly understand what interchange rates are or how they work. As a result, that means most of them are missing out on critical information that can help boost their company's margins, ROI, and revenue in the long run.