Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
The Future of Payments is Here With the Paystand Bank Network
Jan 26, 2023 by Zazil Martinez
A significant indicator of business success is customer satisfaction. Companies can achieve it by listening and attending to their needs. One of these needs is offering different payment methods.
Optimize Your Revenue with a Zero-Fee Payment Strategy
Jan 25, 2023 by Kelsey Banerjee
Credit card processing fees and other transaction costs cut deep into business revenue—in 2021 alone, U.S. merchants paid $137.83 billion in fees. And that’s just for accepting credit card payments.
All Blog Posts
What is a Short Payment?
Nov 3, 2022 by Kelsey Banerjee
A short payment is a partial invoice payment, and it can be caused for various reasons. Most commonly, a short pay occurs when a customer is stalling or if they are dissatisfied with the goods or services performed. For the AR team, handling a partial payment can often be challenging. You can't close an invoice because the total hasn't been paid. At the same time, your team will need to continue to follow up with the customer to collect.
How Professional Services Companies Can Increase Cash Velocity with Sage Intacct
Nov 3, 2022 by Zazil Martinez
It’s well known that the greater the variety of customers a company handles, the more elaborate the collection processes must follow. Professional Services companies (such as legal firms, digital marketing and advertising agencies, IT services and consulting, HR services, research, engineering, or another specialized service) face a more diverse mix of clients and projects –which leads to increasing billing and Accounts Receivable complexities.
Paystand Named a Fastest-Growing Private Company by Silicon Valley Business Journal Two Years in a Row
Nov 2, 2022 by Sage Thee
SCOTTS VALLEY, Calif.--Nov. 2, 2022--Paystand – the fastest-growing, blockchain-enabled B2B payments network – today announces that the Silicon Valley Business Journal has named it one of its fastest-growing private companies. Paystand placed third for the second consecutive year. The company has grown 876% year-over-year for the past three years, doubling annual revenues every year it’s been in business.
Attracting Merchants with PaaS Solutions
Nov 1, 2022 by Sage Thee
First things first, what is Payments-as-a-service (PaaS)? PaaS upends the traditional fee-based payment model, utilizing a subscription-based software model instead. That means you pay a flat monthly rate to use PaaS software instead of losing a cut of every transaction to processing and transaction fees.
Which of These Common Mistakes in the Credit and Collections Area are You Making?
Oct 27, 2022 by Zazil Martinez
While collections is a complicated area in which we frequently run into obstacles, such as delinquent customers that slow down the corresponding processes within our company, there are several internal mistakes that we are probably making in the administrative area that affect financial liquidity.
Merchant Account vs. Payment Gateway
Oct 26, 2022 by Kelsey Banerjee
Over the past decade, payment processing has changed, often for the better. And as online payments become the norm, the payment process becomes more complicated. For finance teams looking to build out their payment strategy, it's about more than payment options. It's joining hands with the right merchant service providers.
Oct 25, 2022 by Sage Thee
What is Payments-as-a-Service? Payments-as-a-Service, or PaaS, evolved out of the growing recognition that today’s financial system is plagued with costly fees, disparate data sources, and inefficient, paper-driven processes. The problems AR teams are facing put considerable strain on a company’s cash flow.
Introducing our New and Improved Features for Sage Intacct Customers
Oct 21, 2022 by Sage Thee
We recently announced our latest upgrades to our Sage Intacct integration. Paystand’s improved Smart Lockbox and Payer Portal provide Sage Intacct users with enterprise-grade multi-entity support, automated collections, multi-invoicing, virtual terminal, and auto-pay.
Paystand Network Now Makes Business Payments Available in One Day with Zero Fees
Oct 21, 2022 by Sage Thee
SCOTTS VALLEY, Calif., Oct. 21, 2022 -- Paystand, the leader in blockchain-enabled B2B payments, today announced that businesses can have access to their revenue next business day, and at zero cost by using the Paystand Network and the DeFi Corporate Card.
Increasing your Cash Velocity on Sage Intacct
Oct 21, 2022 by Sage Thee
Slow payments got you down? It’s no secret that we’re all a bit more stressed than usual right now, facing inflation woes, recession warning bells, business slowdown, and a lack of predictability. As the financial waves continue to rock our boats, this uncertainty is making it increasingly difficult for AR professionals running Finance on Sage Intacct to predict customer demand, revenue, inbound payments, cash flow, and profit margins.