Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
How to Find the Best AR Automation Software for Your Business
Feb 23, 2024 by Zazil Martinez
Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past. The best AR automation software offers a solution that automates and optimizes accounts receivable management. This lets finance professionals focus on strategic initiatives rather than mundane administrative tasks. But with so many available options, choosing the best AR automation software can be daunting. Here's a comprehensive guide on what to look for to select the best one for your business.
Top Challenges Accounts Receivable Teams Face and How to Solve Them
Feb 20, 2024 by Zazil Martinez
In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers. A weak accounts receivable management process can cause several other unintended consequences, including:
Pros & Cons of AR Outsourcing
Feb 15, 2024 by Zazil Martinez
In today's business world, keeping the financial side of things running smoothly is crucial. As your business grows, so do the accounts receivable (AR) challenges. Imagine handing these responsibilities to a team of experts, allowing you to focus on critical tasks. That's where AR outsourcing comes in.
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Journey to Zero
Sep 2, 2022 by Izzy Howell
Paystand’s Journey to Zero is the culmination of our mission to build a next-gen payments structure — one that helps businesses break free of the legacy payments model by:
Are Online Payments Really Secure?
Sep 2, 2022 by Izzy Howell
Today, almost every element of our daily lives have been disrupted by technology. Our analog world has moved entirely online, and the global pandemic has only increased our reliance on software — especially for tasks that are essential to work.
Assessing the Health of your Accounts Receivable with NetSuite
Aug 29, 2022 by Sage Thee
Amidst economic uncertainty, record layoffs, and a looming recession, assessing the health of your AR is more crucial than ever. The current economic outlook is hardly optimistic, which is no surprise to business owners and financial professionals across the country. The disruption of the COVID-19 pandemic still casts a long shadow over how companies plan and provision, and many have yet to "return to normal" or have given up hope they ever will.
Paystand Named to Inc. 5000 Fastest-Growing Companies for Third Straight Year
Aug 22, 2022 by Izzy Howell
SCOTTS VALLEY, Calif. – Aug. 22, 2022 – For the third straight year, Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, has been named to the Inc. 5000 list of fastest-growing companies. With a growth rate of 876% over three years, Paystand’s momentum has continued to accelerate with its acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The new combined company has become 2022’s fastest-growing DeFi fintech unicorn.
Leverage Cloud Accounting to Thrive in a Recession
Aug 12, 2022 by Brandon Jones
The pandemic proved the importance of cloud accounting. Companies that prioritize adopting the cloud have the ability to seamlessly shift to remote work and keep their accounting function running perfectly even when employees aren’t in the office.
It's Time to Move from QuickBooks to NetSuite
Aug 10, 2022 by Sage Thee
QuickBooks has been one of the leading accounting softwares for almost forty years for a reason — it's easy to use and fast to set up, and it gets the job done. However, all successful businesses inevitably outgrow QuickBooks at some point.
How to Navigate the NetSuite Marketplace
Aug 9, 2022 by Kelsey Banerjee
An ERP system is crucial for any accounting team, and Oracle NetSuite is one of the most trusted solutions on the market. But like any other ERP, the NetSuite platform requires a marketplace of third-party apps to better serve its users.
5 Best Resources in the Sage Intacct Learning Center
Aug 4, 2022 by Sage Thee
From the comprehensive quarterly updates that come free for all users to the long list of integrations with other leading business tools, Sage Intacct goes above and beyond. It’s one of the leading financial management platforms on the market, especially for growing and mid-market companies wanting to replace their current accounting software (often QuickBooks) with something more capable and cloud-based. But Sage Intacct is also one of the top options on the market in terms of teaching users how to master everything the platform has to offer.
Welcoming Yaydoo to the Paystand Team, and why this Fusion of Companies Offers Businesses Optimism Amid Economic Uncertainty
Aug 3, 2022 by Jeremy Almond
(hint: by enabling faster and cheaper access to much-needed working capital across US and LATAM, this deal unifies AP, AR, and Payments across all of the Americas, over the largest commercial blockchain network, bringing radically better economics and efficiencies to more businesses around the globe)