Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
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).
Get your hands off your AR process
Oct 19, 2021 by Kelsey Banerjee
For people on the outside looking in, accounts receivable (AR) processes appear deceptively simple. After all, isn't it just accepting payments? What's better than handling payments?
How to streamline month-end close processes with digital payments
Oct 14, 2021 by Brandon Jones
The end of the month can be a stressful time for your financial team. Between calculating employee wages, paying bills, and balancing budgets, there is a lot of financial data to keep track of. And unfortunately, due to human error, that data can easily be lost. But all of that can be avoided with digitized month-end accounting.
All Blog Posts
What payment methods should B2B companies accept?
Oct 27, 2020 by Daniella Bourguetts
Over the past decade, payment methods have evolved to support different consumer and business needs.
What is a Bank Lockbox Service and How is it Used for Payments
Oct 22, 2020 by Eduardo Lopez
Across the cash management process, Bank Lockbox Services have been around for decades as a way for treasury and finance teams to improve their receivables process for checks and other payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged.
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.
A Quick Guide to Understanding Accounts Receivable Management
Aug 25, 2020 by Daniella Bourguetts
Accounts receivable (AR) management is an important part of maintaining healthy cash flow. Having a streamlined and efficient AR process prevents your existing capital from going to waste, which puts your business in a better position to reduce debt, lower costs, drive growth and outperform your competitors.
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.
How Automated Payment Solutions Can Enhance Your Business
Aug 11, 2020 by Daniella Bourguetts
Automated payment solutions can help your business succeed, but so can lots of other things. So why use payment automation? What are the benefits of automating the payment collection and reconciliation process for your business?
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.