PAYSTAND BLOG

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

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

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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Scott Campbell Scott Campbell on January 18, 2019

e-invoicing, Payment Solutions, AR, automation, Business Process Management

What Makes For a Great B2B Ecommerce Store?

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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Scott Campbell Scott Campbell on November 29, 2016

ecommerce, Payments, WooCommerce, B2B, magento

5 Smart B2B eCommerce Strategies For 2018

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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Scott Campbell Scott Campbell on May 18, 2016

online payments, One-Click Checkout, Payments, WooCommerce, B2B, Enterprise payments, b2b ecommerce

Ensuring You Get Paid: Business to Business Strategy for Steady Cash Flow

While you may be a billion dollar enterprise with a dedicated accounts receivable team, or you may be on your own as one of 54 million freelancers, it doesn’t necessarily mean that getting paid on time is easy. According to a study conducted by Censuswide, nearly 81% of businesses have received late payments despite having completed their work within the time agreed upon.

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Scott Campbell Scott Campbell on April 29, 2016

ACH, eCheck, electronic checks, B2B, e-invoicing

Top 5 Cloud Software Offerings for B2B Companies

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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Scott Campbell Scott Campbell on March 7, 2016

B2B, e-billing, e-invoicing, CRM, cloud, accounting, ERP

The Top 5 Myths about Accepting Paper Check Payments

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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Scott Campbell Scott Campbell on November 17, 2015

ACH, eCheck, electronic checks, B2B

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

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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Scott Campbell Scott Campbell on September 4, 2015

web designers, Wordpress, web developers, websites

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