Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
2021’s best practices for Sage Intacct payments
Sep 23, 2021 by Mark Fisher
Whenever an organization invests in a new technology, especially one that deals with receiving payments, it’s critical to understand best practices to maximize the return on that investment. Accounts receivable and invoicing practices are such foundational aspects of a successful business that best practices are even more important.
2021's best practices for NetSuite payments
Sep 21, 2021 by Kelsey Banerjee
As the ERP of choice for over 27,000 organizations worldwide, NetSuite isn’t going away anytime soon. And, if you’re reading this article, then you're probably one of those thousands of accounting professionals that trust Oracle’s tried and tested software.
5 easy ways to reduce your DSO
Sep 16, 2021 by Mark Fisher
All businesses must find ways to effectively manage accounts receivable (AR) to stay financially viable. Days sales outstanding (DSO) is an age-old metric that’s used to help companies gauge how well they’re doing just that. As you probably already know too well, when DSO is too high, businesses can struggle with poor cash flow and unpaid debt, which means less liquidity for things like expansion and investment.
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You Now Have an Enterprise Blockchain
Aug 1, 2019 by Mark Fisher
From the start, our mission has been to create a more open financial system. We’re proud to announce we have made a significant step toward realizing that future today.
Building #OpenIndustry: The Story Behind Paystand’s New Logo
Jul 18, 2019 by Mark Fisher
Today we’re unveiling a big update to the look and feel of the Paystand brand. Our new logo marks a significant change in our company evolution and is the result of a comprehensive exploration of our brand. It gave us an opportunity to look deeply at who we are, what we stand for, and where we’re headed as a company.
The Four Pillars of Modern B2B Payments
Jul 9, 2019 by Eduardo Lopez
Creating a modern B2B payments experience comes down to one idea: transactions should be frictionless. There's no reason a customer should worry about how much they're being charged or whether a transaction is secure. Vendors shouldn’t spend time thinking about what payment methods to accept, how quickly they'll receive payment, or how to integrate those payments into their overall cash cycle. All of those things should be automatic.
Paystand Hires Former Tipalti Chief Revenue Officer to Lead Sales
Jun 21, 2019 by Mark Fisher
Payments-as-a-Service leader adds former Tipalti senior executive to spearhead sales and drive another year of explosive growth. SCOTTS VALLEY, Calif., June 20, 2019 — Paystand, the digital B2B payment network for the future of commercial finance, today announced Mark Hassin as its new Senior Vice President of Sales.
Paystand Announces Automated Receivables Product to Further Streamline Enterprise Payments
Apr 10, 2019 by Mark Fisher
Collections Automation Product Goes Far Beyond Simple Email Contact, Using Blockchain Technology to Maximize Employee Time and Streamline the Payments Process
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:
Accounts Receivable Automation with Paystand Drives Capital Efficiency and Lowers Costs for Elenteny Imports
Apr 2, 2019 by Mark Fisher
Here at Paystand, we pride ourselves on being the most flexible B2B payment platform available for growing businesses. When we engage with a new customer, our goal is to help the business automate manual processes and digitize their enterprise cash cycle in a flexible, customizable way.
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.
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.
“Going Digital” Means More Than Just Accepting Credit Cards
Nov 29, 2018 by Mark Fisher
What does accepting credit card payments really mean for your business? To some companies, credit card payments translate to expansion into new markets. To others, credit card processing signals unaffordable transaction fees or more complex technical integrations. Fill in the blank with your own answer. But the one thing credit cards definitely don’t mean: that the business has joined the digital era just by virtue of accepting them as a method of payment.