Paystand Blog

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

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How to Evaluate Your Cash Flow Health

Apr 15, 2021 by Daniella Bourguetts

The way you measure your cash flow should always be tied to your business goals and operational needs. Every company has different needs, so it’s only natural that indicators in cash flow statements vary accordingly.

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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.

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Issue #12: Software is Eating the Banks

Apr 1, 2021 by Daniella Bourguetts

Editor’s note: Hello there, readers. In this month's newsletter, we invite you to take a pause and think of all those aspects in your life that have become software in the last ten years. From the way we consume content, to the sophisticated digital tools we use to manage daily complex financial transactions. It's no longer a material world, it's a digital one. Subscribe now.

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How to Digitize the Enterprise Cash Cycle, Part 3: Reconciliation

Apr 9, 2019 by Scott Campbell

Does anyone really look forward to the month-end accounting close process? Given how long it takes, it’s really hard to imagine that the answer is “yes.” Estimates on how long month-end close takes range from barely manageable to incredibly arduous:

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How to Digitize the Enterprise Cash Cycle, Part 2: Payments

Mar 14, 2019 by Scott Campbell

In our previous post, we talked about the importance of looking at the enterprise cash cycle as a whole to get a better understanding of how it functions today. Armed with an informed perspective on all parts of the process, business leaders can then recommend changes to optimize revenue.

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How to Digitize the Enterprise Cash Cycle, Part 1: Invoicing

Jan 18, 2019 by Scott Campbell

Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs, but regularly miss the mark. To kick off 2019, we’ll be taking a look at the enterprise cash cycle and what it means to truly modernize your business relative to payments.

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What Makes For a Great B2B Ecommerce Store?

Nov 29, 2016 by Scott Campbell

When it comes to ecommerce, you may be surprised to learn that there are many similar requirements between B2B and B2C – such as the need for quality product images, intuitive navigation and a seamless customer journey. But B2B businesses also face their own unique challenges; factors like high sales volumes, long buying cycles and multiple decision makers getting involved along the way. This means they require a slightly different approach to the standard B2C business plan.

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5 Smart B2B eCommerce Strategies For 2018

May 18, 2016 by Scott Campbell

Frost and Sullivan predicts that B2B eCommerce sales will reach $12 trillion by 2020. That's up about 400% from the $5.5 trillion spent in 2012. That kind of growth offers a great opportunity for businesses in the B2B space. However, it also opens up the potential for significant competition. Here are 3 strategies that B2B companies should employ in 2018: 

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Top 5 Cloud Software Offerings for B2B Companies

Mar 7, 2016 by Scott Campbell

In the old software model, a B2B company could expect a number of cash flow obstacles from software purchases. After they purchased computers for their employees, they would discover a purchase of Microsoft Office was also required. Later they would need to complete a full purchase of an accounting software. Perhaps they need two copies of an illustration software. This software may even require an IT tech to set them up. Each of these pieces of software may be used a lot at first, followed by not at all for a long stretch of time. This made it difficult to start a business. In today's software model, software can be "rented" as a cloud offering by the month. If the software is not used or not needed, the "rent" can simply be terminated, usually without any penalty. Here are the top 5 cloud offerings that can save a lot of money.

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The Top 5 Myths about Accepting Paper Check Payments

Nov 17, 2015 by Scott Campbell

Here in Silicon Valley it’s easy to forget that not every business process has been transformed by tech’s magic wand. Case in point: over half of all business-to-business payments still take place by paper check, sent via snail-mail. Even more surprising is that many of the companies we talk to are perfectly satisfied with a process that works exactly the same as it did 75 years ago. Are check payments a perfect example of “If it ain’t broke, don’t fix it?” Or has the gospel of digital payments just not reached the traditional business world yet?

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Planning a WebSite Redesign? Make it “Pay for Itself” with a Better Payment Gateway

Sep 4, 2015 by Scott Campbell

A few weeks ago, a web design agency approached us on behalf of their client, a Virginia-based insurance company. BIIA Insurance was looking to update their site with a fresh new image, a responsive design for mobile devices, and a better customer experience for submitting claims and making premium payments.

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How to Use WooCommerce to Email an Invoice with a “Pay Now” Link: A Step-by-Step Guide

Aug 16, 2015 by Scott Campbell

Get paid for one-off sales and services using the WooCommerce plug-in with a payment gateway.

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What are eChecks and How Do You Accept Them?

Jun 20, 2015 by Scott Campbell

Credit cards are the default payment method for online businesses, but a new alternative is emerging to give them a run for their money. eChecks enable your customers to pay you directly from their bank account, using their secure online banking login. Your customer can authorize a one-time or recurring payment as quickly as a credit card transaction.

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