Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
5 Methods You Can Use to Reduce Late Payments
Jun 22, 2022 by Julia Duarte
In any industry, maintaining a steady cash flow is essential to running a business. When a company receives consistently late payments, day-to-day operations and overall progress slows down. By understanding why your customers are paying late, you can take steps to create an actionable plan to reduce your number of late payments and thrive as a business.
Navigating Month End in Sage Intacct
Jun 17, 2022 by Sage Thee
We used to think of the month-end close as an obligation facing every accounting department— but that’s changing.
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.
All Blog Posts
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.
Ready to uplevel Sage Intacct? Here’s how you can accept payments and automate AR right from your ERP
Aug 12, 2021 by Mark Fisher
One of the biggest challenges for CEOs today is not only finding the best-of-breed technology for various business operations, but also determining how they can work together efficiently and effectively to meet overarching goals and objectives.
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.
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.