Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
2021’s best practices for Sage Intacct payments
Sep 23, 2021 by Mark Fisher
Whenever an organization invests in a new technology, especially one that deals with receiving payments, it’s critical to understand best practices to maximize the return on that investment. Accounts receivable and invoicing practices are such foundational aspects of a successful business that best practices are even more important.
2021's best practices for NetSuite payments
Sep 21, 2021 by Kelsey Banerjee
As the ERP of choice for over 27,000 organizations worldwide, NetSuite isn’t going away anytime soon. And, if you’re reading this article, then you're probably one of those thousands of accounting professionals that trust Oracle’s tried and tested software.
5 easy ways to reduce your DSO
Sep 16, 2021 by Mark Fisher
All businesses must find ways to effectively manage accounts receivable (AR) to stay financially viable. Days sales outstanding (DSO) is an age-old metric that’s used to help companies gauge how well they’re doing just that. As you probably already know too well, when DSO is too high, businesses can struggle with poor cash flow and unpaid debt, which means less liquidity for things like expansion and investment.
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How Medical Device Companies Can Improve Cash Flow with Digital Payments
May 28, 2020 by Eduardo Lopez
Medical device companies, hospitals, and health systems are working hard to keep up with the demand COVID-19 has created. Revenue targets are being reassessed, work environments are changing, and finance teams are looking for ways to operate faster, leaner, and more efficiently to address both short and long-term sustainability.
Issue #02: Rethinking AR for Better Cash Flow Management
May 20, 2020 by Sarah McAmis
Editor’s note: Hey there! This is the second edition of the Paystand newsletter, a monthly roundup of helpful resources to make sense of what's happening in finance.
323 Apartments: Switching to Digital Rent Collection
May 11, 2020 by Eduardo Lopez
In an effort to reduce missed or late rent payments, 323 Apartments wanted to set up a digital payment portal and offer tenants more flexible ways to pay their rent. Read on to see how Paystand helped 323 Apartments set up a digital payment collection system in one week.
Digital Payment Processing for Property Management During COVID-19
May 4, 2020 by Eduardo Lopez
Federal, state, and local governments have ordered business shutdowns and restrictions limiting many social and commercial activities. As a result, the commercial real estate industry is seeing a spike in late or partial rent payments. Can switching to digital and card options help alleviate this issue?
Juxto Automates Payment Collection in NetSuite with Paystand
Apr 29, 2020 by Eduardo Lopez
Juxto needed a payment solution that could connect directly to NetSuite, accept payments in the US and Canada, and help customers self-service. Read on to see how Paystand helped Juxto unify and simplify their payment process in NetSuite (PDF).
Issue #01: The Rise of Touchless Payments
Apr 24, 2020 by Sarah McAmis
Editor’s note: Hey there! This is the first edition of our monthly newsletter, a roundup of Paystand updates and helpful resources to make sense of what's happening in finance. We want to make it as valuable as possible, so please let us know what you think.
B2B Ecommerce for NetSuite: Q&A with Caleb Schmitz on SuiteCommerce and SuiteCommerce Advanced
Apr 17, 2020 by Eduardo Lopez
SuiteCommerce is NetSuite's native ecommerce platform. It helps businesses get set up and selling with no hassle and connects your online sales and in-store POS with other parts of your business.
What is Zero-Touch Payment Processing?
Apr 13, 2020 by Eduardo Lopez
Zero-Touch payment processing is a secure way to virtually collect payments for goods and services, without the use of cash or paper checks.
Digital Payment Alternatives to Cash and Paper Checks
Mar 25, 2020 by Eduardo Lopez
The coronavirus outbreak forced many businesses to rethink how they accepted payments. Merchants and customers shifted to digital payment methods to avoid the risk of infection from handling cash and paper checks. It's no longer business as usual. Now is the time to start making changes to avoid any lasting impact on your revenues.
NetSuite Implementation Best Practices from Anchor Group's Caleb Schmitz
Mar 19, 2020 by Caleb Schmitz
Enterprise Resource Planning (ERP) software provides the infrastructure needed to effectively manage your company's financials. NetSuite is one of the best ERP systems for growing businesses because it is highly customizable with features that lend well to scalability. As your business grows, it adapts to your needs. That is why so many companies switch to NetSuite once they reach the $10 million annual revenue mark.