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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Here's What You Can Do With Paystand's SuiteApp Features
Nov 15, 2019 by Eduardo Lopez
Paystand's Built-for-NetSuite SuiteApp has proven to be one of the most powerful payment integrations in the NetSuite ecosystem. Its flat monthly pricing and zero-fee payment rail make Paystand an extremely enticing payment solution for NetSuite users, and that value is only multiplied when you factor in Paystand's ability to automate the entire A/R process and handle everything digitally.
What is the Paystand Bank Network?
Nov 13, 2019 by Eduardo Lopez
The Paystand Bank Network allows you to move money electronically without paying any transaction fees. Paystand covers over 90% of the US banking market and 98% of all commercial accounts, making it the most complete digital payment network available to businesses today.
7 Expert Invoicing Tips That Can Help You Get Paid Faster
Nov 11, 2019 by Eduardo Lopez
The end of year close is approaching and that means it's time to catch up on those late receivables. Whether your company sells handcrafted boots, digital advertising technology, or outdoor products, now is the time to follow up on any overdue invoices and get those accounts current.
AFP 2019: Top 3 Takeaways for B2B Payments and Commercial Finance
Nov 5, 2019 by Eduardo Lopez
Real-time payments, machine learning, decentralized ledgers – how do you sort through the hype and figure out what’s important in 2020? That's what this year's AFP Treasury and Finance Conference was all about. The event, which attracted more than 7,000 attendees, highlighted how technology is expected to continue disrupting accounting and finance. Read on for an insider’s recap of the event's top takeaways.
How Choozle Cut DSO By 33% With Paystand's NetSuite Integration
Oct 23, 2019 by Mark Fisher
Building a great business starts with finding your customers. Choozle provides powerful data-driven tools that help you execute scalable digital ad campaigns to reach your audience. They also author an amazing blog with helpful tips that sharpen your digital advertising skills.
100,000 Thanks and A Look At Our Fintech Advisory Council
Oct 10, 2019 by Mark Fisher
Our mission at Paystand is pretty straight-forward (but certainly not easy): reboot the broken financial system. Since we started chipping away at this audacious goal nearly 5 years ago, we've built truly innovative technology, forged deep customer relationships, and most importantly, started a movement toward a more open financial system that provides businesses with greater control over their capital. Today, we’ve got a few updates on how we’ve been delivering against that mission. Since raising our Series A, we’ve quickly become the fastest growing commercial payments platform. Over 100,000 businesses are now paying through the Paystand Bank Network, eliminating millions of dollars in transaction fees.
4 Accounts Receivable Processes Every Controller Should Automate in 2020
Sep 17, 2019 by Eduardo Lopez
Today’s world is highly automated, from the sales email in your inbox to the money that gets deposited in your bank account every two weeks. Across every function from marketing to sales to HR and Support, automation has become a key to success. Now it’s time for finance teams to benefit from the cost savings, profit, and productivity that only automation can deliver.
5-Step Playbook: How to Optimize Your Accounts Receivable Process
Sep 11, 2019 by Eduardo Lopez
A powerful, cost-effective payments process isn’t something that happens by itself; rather, it’s a thoughtful process of weighing data, hidden costs, and risk on one hand while balancing your time, bandwidth, and customer relationships on the other.
How much is it costing your business to accept paper checks?
Sep 4, 2019 by Eduardo Lopez
Paper checks are one of the most costly ways to collect payments. Many businesses think getting paid by check is free, but check use come with labor costs and processing fees. In 2018, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.
6 Ways NetSuite Users Can Reduce DSO By 30%
Aug 21, 2019 by Eduardo Lopez
Managing receivables is one of the most important parts of any business. One wrong move and you’re dealing with unhealthy cash inflows and missed or delayed payments. Whether you’re a CFO thinking about financial strategy or a controller focused on managing internal controls and processes, it’s important to keep your Days Sales Outstanding (DSO) to a minimum.