Paystand Blog

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

Recent posts

How to Save Money on B2B Credit Card Processing Fees

Jun 2, 2023 by Brandon Jones

High credit card processing fees can significantly impact the profitability of B2B businesses, cutting into profit margins and harming competitiveness. However, effective and budget-friendly payment options can keep processing times short without triggering excessive fees.

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How Automation Helps Avoid Broken Transfers

Jun 1, 2023 by Zazil Martinez

In the fast-paced world of B2B, an efficient accounts receivable process is vital for smooth operations. One common challenge that can disrupt the entire staff is broken transfers. While seemingly insignificant, these disruptions can significantly impact the AR process, leading to a lengthened cash cycle and increased DSO.

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How Blockchain is Transforming Accounting and Finance

May 31, 2023 by Zazil Martinez

As technology continues to shape our lives, one revolutionary solution has emerged to transform the way we record, verify, and audit financial transactions: blockchain. With its ability to introduce transparency and decentralized record-keeping, blockchain holds immense potential, particularly in accounting.

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5-Minute Guide to Accounts Receivable Management

May 16, 2023 by Kelsey Banerjee

Accounts receivable management is critical for maintaining healthy cash flow, and businesses can have up to 24% of monthly revenue tied up in AR. A flawed billing and collection process can cause cash flow issues, missed opportunities, and high costs.

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Why You Need an Accounts Receivable Process Flowchart

May 12, 2023 by Brandon Jones

Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. Accounts receivable flowcharts visually represent the collection process, highlighting areas of inefficiency and opportunities for automation.

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How Venmo and PayPal Changed B2B Payments

May 11, 2023 by Kelsey Banerjee

The way money changes hands has transformed in the last two decades. Digital transactions are the norm. This shift came to the payments industry through point-of-sale technology, which made B2C transactions more convenient.

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Setting Up Custom Invoice Workflows in Sage Intacct

May 10, 2023 by Zazil Martinez

Are you looking for ways to streamline your accounts receivable processes and save time for your team? Let us guide you through setting up a custom invoice workflow on Sage Intacct using the Paystand integration. From mapping out your ideal workflow to generating reports, we'll cover all the steps necessary to start.

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Moving from QuickBooks to NetSuite? 5 Best Practices for a Successful Migration

May 9, 2023 by Kelsey Banerjee

So, you've decided to migrate from QuickBooks Online to NetSuite. And why wouldn't you? As a growing business, using an ERP that fully supports your ever-expanding team is essential.

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Digital Payment Alternatives to Cash and Paper Checks

May 5, 2023 by Zazil Martinez

Due to the COVID-19 pandemic, many merchants and customers have shifted to digital payment methods to avoid infection risks. However, this shift has also presented an opportunity to explore alternative payment options to paper checks and cash.

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Top Accounts Receivable Challenges for 2023

May 4, 2023 by Zazil Martinez

In today's fast-paced digital marketplace, AR teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some challenges remain significant.

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Solutions for Slim Margins in the Solar Industry

May 3, 2023 by Zazil Martinez

In the solar industry, competition is fierce, and companies constantly strive to establish their brand and gain a competitive edge. While a promising technology with significant benefits for the environment and energy sector, businesses in the industry face numerous challenges, such as improving efficiency and reducing costs while maintaining competitive pricing for their customers.

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What are eChecks and How Do Businesses Accept Them?

May 2, 2023 by Kelsey Banerjee

An electronic check has many names - eCheck, direct debit, direct deposit, and online check are just a few. And while credit cards have been the default payment method for businesses for over a decade, this new alternative is making headway. And for good reason.

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5 Advantages of Blockchain Payment Processing

Apr 28, 2023 by Kelsey Banerjee

To most people, blockchain technology is an enigma that only relates to cryptocurrency. But to us, it's so much more.

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