Paystand Blog

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

Recent posts

Why you should care about reducing your DSO

Oct 21, 2021 by Brandon Jones

Many companies struggle with the problem of getting customers to pay invoices in a timely manner. On-time payments are extremely important to a business’ cash flow. Since understanding the details of customer payments is the first step towards improving cash flow, many companies keep track of days sales outstanding (DSO).

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Get your hands off your AR process

Oct 19, 2021 by Kelsey Banerjee

For people on the outside looking in, accounts receivable (AR) processes appear deceptively simple. After all, isn't it just accepting payments? What's better than handling payments?

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How to streamline month-end close processes with digital payments

Oct 14, 2021 by Brandon Jones

The end of the month can be a stressful time for your financial team. Between calculating employee wages, paying bills, and balancing budgets, there is a lot of financial data to keep track of. And unfortunately, due to human error, that data can easily be lost. But all of that can be avoided with digitized month-end accounting.

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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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The definitive guide to B2B payments

Sep 14, 2021 by Kelsey Banerjee

While consumer payments have transitioned to a fully digital landscape, today, 64% of businesses are still paying by check. But all of that is changing fast.

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Moving from QuickBooks to NetSuite? Get the best practices guide

Sep 9, 2021 by Kelsey Banerjee

So, you’ve decided to switch from QuickBooks to NetSuite. As your business scales, it’s clear that now’s the time to make the transition to a more comprehensive platform to better support your growing team.

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5 things you should know before paying for a lockbox service

Sep 7, 2021 by Kelsey Banerjee

For decades, bank lockboxes have provided accounting departments access to a seemingly efficient way to process checks. Without a bank lockbox, your team would waste even more time opening mail, coding checks, matching them, and recording payments.

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How to integrate digital payments into Magento

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.

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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.

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The complete guide to NetSuite invoicing

Aug 26, 2021 by Mark Fisher

For most businesses, their primary reasons for investing in an ERP system like NetSuite are cost savings, performance metrics, and improving efficiencies in accounting.

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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.

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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.

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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.

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