Paystand Blog

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

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How to Increase Solar Revenue (Without Changing Your Business Model)

May 24, 2022 by Kelsey Banerjee

Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.

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5 Best Billing Software

May 19, 2022 by Kelsey Banerjee

Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.

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Everything You Need to Know About Decentralized Finance

May 18, 2022 by Sage Thee

What is decentralized finance (DeFi)? Put simply; decentralized finance is the opposite of centralized finance, the pervasive financial structure currently used. Centralized finance depends on a central bank, and a central authority governs the system and often regulates who has and doesn’t have access to it — something referred to as financial gatekeeping.

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5 Easy AR Automations Your Company Needs

Nov 23, 2021 by Brandon Jones

AR automation simplifies an accountant’s job by taking the most monotonous and repetitive parts of accounting off your schedule. Find out more about AR automation and the five most important automations you should already have. Just want the ebook? Click here.

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How to Choose Between Oracle Netsuite and Sage Intacct

Nov 18, 2021 by Brandon Jones

With so many technological solutions for companies to choose from, it can sometimes be a challenge to determine which ERP software (enterprise resource planning) is the best for your unique business. Many organizations today are considering both Oracle Netsuite and Sage Intacct when it comes to managing their accounting departments. This primer will help you understand the similarities and differences between these two popular solutions.

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9 types of Netsuite keyboard shortcuts you need to know

Nov 16, 2021 by Kelsey Banerjee

If you are an accounting professional with one of the 27,000 firms using Netsuite, you're in good company. And you probably already know how useful the Netsuite system is. From adding shortcuts to your dashboard to automation integrations, there's always a new way to make the ERP more efficient for your team.

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Pros and cons of accepting credit cards for your business

Nov 11, 2021 by Brandon Jones

Collecting payments for goods and services may be one of the cornerstones of a successful business. Although this behind-the-scenes activity often gets overlooked by many, unless an accounts receivable (AR) department is working efficiently, a company can quickly get into trouble.

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9 Key Benefits of an ERP System

Nov 9, 2021 by Brandon Jones

Enterprise resource planning (ERP) systems help businesses track and manage what is happening within their organization. Here are 9 of the biggest business benefits an ERP system can provide that you may be missing.

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How to automate your AR process

Nov 4, 2021 by Kelsey Banerjee

Receivable departments worldwide have a single problem: time. There’s never enough of it.

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How to scale your AR process with your growing business

Nov 2, 2021 by Brandon Jones

Business growth is great, but things can get messy as your business expands. Chances are that as you grow, you’re going to outgrow your original business structure. This is why scaling is so vital to your business.

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5 Advantages of Blockchain Payment Processing

Oct 28, 2021 by Brandon Jones

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

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The truth about credit card holds

Oct 26, 2021 by Kelsey Banerjee

With nearly 70% of B2B companies happy to use and accept credit card payments, it looks a lot like this payment method is the holy grail for both AR and AP departments. After all, credit card transactions are far faster and more trackable than older payments such as checks.

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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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