Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why You Need an Accounts Receivable Process Flowchart
Feb 28, 2024 by Zazil Martinez
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. An accounts receivable flowchart visually represents the collection process, highlighting areas of inefficiency and opportunities for automation. Accounts receivable flowcharts are excellent for helping accounts receivable departments to visualize their processes. They often help pinpoint which areas are ripe for automation or improvement. Not only can they effectively keep your team on the same page and train new employees, but they can also help you see areas of inefficiency.
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:
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Paystand Recognized for Best Use of Blockchain in Benzinga Global Fintech 250
Nov 10, 2020 by Mark Fisher
B2B payments leader recognized as Blockchain payments pioneer; named a Benzinga Fintech Listmaker as payment network crosses 160,000 businesses.
Issue #07: A Sound of Digital Payment Thunder
Oct 28, 2020 by Daniella Bourguetts
Editor’s note: Hey there, my name is Daniela and I’m the editor of Paystand’s monthly newsletter. Each month, I send a roundup of the best payments and finance content from Paystand and around the web, direct to your inbox. Don’t miss the next issue. Subscribe now.
B2B Payments Explained - What are B2B Payments and How to Employ Them
Oct 27, 2020 by Brandon Jones
Payment methods have evolved to support several different consumer and business needs over the past decade.
Issue #06: The Value of Owning the Payment Process
Sep 22, 2020 by Daniella Bourguetts
Editor’s note: Hey there, my name is Daniela. I'm the new editor of Paystand's monthly newsletter. After a great start and five issues, Sarah is passing the torch. But don't worry, you're in great hands. I'll still be sending you a roundup of the best payments and finance content from Paystand and around the web, every month. Don't miss the next issue. Subscribe now.
How Visa Interchange Rates Are Changing in 2020 and What That Means for Merchants
Sep 8, 2020 by Daniella Bourguetts
Earlier this year, Visa announced the biggest change to its interchange rates in 10 years. Under the new restructuring, credit card processing fees are either going up or down depending on your company's merchant category and how your customers swipe their card. This could have a huge impact on any business that has been hit hard by the pandemic.
How to Choose a Xero Payment Integration
Aug 27, 2020 by Eduardo Lopez
Choosing the right Xero payment integration is an important decision for B2B companies. In today’s business climate, customers like having multiple digital payment options and expect the process to be fast, smooth, and secure.
Issue #05: What Top CFOs Are Doing in 2H 2020
Aug 27, 2020 by Sarah McAmis
Editor’s note: Hey there, Sarah here! This is the fifth edition of the Paystand newsletter, a monthly roundup of helpful resources to make sense of what's happening in finance. Subscribe here.
Paystand Surpasses 1000% Growth, Selected To 2020 Inc. 5000 List
Aug 20, 2020 by Mark Fisher
B2B payments leader selected to Inc. 5000 list as top 10 fastest growing private company in Silicon Valley; payment network crosses 140,000 businesses.
Accounts Receivable: A Strategy for Steady Cash Flow
Aug 4, 2020 by Eduardo Lopez
Whether you're a mid-market or a large enterprise B2B company with a dedicated accounts receivable (AR) team, creating a steady stream of "free cash flow" is always a challenge. In fact, the average US business has 24% of its monthly revenue held up in accounts receivable. In this blog: a proven strategy for creating a steady cash flow.