Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Product Feature: Announcing Next-Day Funds Availability
Sep 27, 2022 by Allison Steitz
Paystand's mission is to reimagine financial infrastructure in an effort to drive radically better economics for businesses globally. We carry out this mission through products and services that speed up time to cash, automate complicated billing processes, and eliminate transaction fees.
Paystand Announces SuiteWorld 2022 Gold Sponsorship
Sep 27, 2022 by Sage Thee
SCOTTS VALLEY, CALIF., SEP 27, 2022 – Paystand today announced it will be a Gold sponsor at SuiteWorld 2022, Oracle NetSuite’s largest celebration for customers and partners that takes place September 27-30, 2022, at the Caesars Forum in Las Vegas & On Air. This year's theme is “Full Suite Ahead,” with the conference promising four energy-packed days filled with networking opportunities and educational programming that will help NetSuite customers, partners, and developers discover new ways to leverage the full power of the suite.
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How Automation Makes Month-end Accounting Less Stressful
May 31, 2022 by Kelsey Banerjee
How stressed are accountants? A recent study by the Institute of Chartered Accountants in England and Wales found that 80% of accountants struggled with general stress, and 56% said they were on the verge of burnout.
Sage Intacct Brand Refresh: More than just a New Look
May 26, 2022 by Sage Thee
Our partner, Sage Intacct, recently announced that they are refreshing their brand to reflect the changing needs of their customers — and it’s so much more than just a new look for the company. The refreshed brand symbolizes the insights and experiences Sage customers can take advantage of as part of the trusted network for Small and Mid-Size Businesses (SMBs).
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.
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.
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.
Calculating Accounts Receivable: Cash Method vs. Accrual Method
May 17, 2022 by Kelsey Banerjee
When it comes to financial management, knowing how your business will record payments and expenses is the cornerstone of every transaction. Without this essential bit of information, you can kiss even partially-accurate cash flow projections goodbye.
Digitizing the Enterprise Cash Cycle
May 5, 2022 by Sage Thee
Part 1: Invoicing Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs but regularly miss the mark. In this three-part post, we’ll be looking at the enterprise cash cycle and what it means to truly modernize your business payments.
4 Common Accounts Receivable Challenges and How To Solve Them
May 3, 2022 by Kelsey Banerjee
Most companies have an accounts receivable (AR) policy for when and how much to bill and when to collect. But research shows that not all businesses execute that policy effectively. In fact, the average US business has up to 24% of its monthly revenue tied up in overdue invoices.
How Does ACH Work?
Apr 28, 2022 by Kelsey Banerjee
While ACH has been around for decades, more and more businesses are shifting away from credit cards and bank wires in favor of this payment method. In 2021, same-day ACH grew by 74%, with B2B payments specifically being up 20.4%.
Moving Beyond Traditional B2B Payment Methods
Apr 26, 2022 by Sage Thee
Traditional B2B payment methods work — but with caveats like processing fees and chargebacks. And if you’re running into these things more and more as you process and send payments, it’s time to reconsider your loyalty to a particular method. Improving your B2B payment processes starts here.