PAYSTAND BLOG

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

Accounts Receivable Automation with PayStand Drives Capital Efficiency and Lowers Costs for Elenteny Imports

Here at PayStand, we pride ourselves on being the most flexible B2B payment platform available for growing businesses. When we engage with a new customer, our goal is to help the business automate manual processes and digitize their enterprise cash cycle in a flexible, customizable way.

Elenteny Imports

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Mark Fisher Mark Fisher on April 2, 2019

Accounts Receivable, Finding Efficiency, B2B Payments, netsuite, AR digitization, Customer Success

PayStand Releases SuiteApp Integration To Extend Best-In-Class Payment Functionality Within NetSuite

Company Delivers One-Click-Simplicity to Handle Enterprise Cash Cycle

SCOTTS VALLEY, Calif. - October 25, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the next generation of its SuiteApp integration, delivering all-in-one electronic payment functionality within NetSuite for companies of all sizes. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check. PayStand together with NetSuite gives businesses a next-generation platform that automates the entire enterprise cash cycle.

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Mark Fisher Mark Fisher on October 25, 2018

Payments, Accounts Receivable, B2B Payments, netsuite

Twelve Cloud Technologies Changing the Property Management Industry

Property management is defined as the coordination of residential, commercial and real estate structures, including apartments, detached housing, condominium units and shopping centers. The properties are overseen by a property manager, who acts on behalf of the owner to maintain the value of the property while increasing profitability. According to 2017 statistics, the property management industry makes an estimated $73 billion a year. About 60% of residents in San Francisco, Boston and New York are renters and nine million households have become renters in the last 10 years, the greatest increase in housing history. The property management industry has been slow to embrace innovations in technology. But investors watching the market trends are spending huge amounts of resources in cloud-based property management solutions. With mounting pressure to embrace the digital world, property managers are looking for software that is innovative, effective and user-friendly. Cloud-based computing offers both a dynamic and competitive advantage. By eliminating costs from outdated servers and manual processes, along with providing real- time data and remote access, cloud-based property management software is scalable for the future. Listed below are twelve suggested cloud software to utilize for property management in the rising renters market:

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Kenzie Earle Kenzie Earle on August 3, 2017

recurring payments, Accounts Receivable, AR Solutions, Top Software, Property Management, ROI

The Advantages of eLockboxes & Modern Billing Portals

In our last article on traditional lockbox services, we learned that though it’s an antiquated method, traditional lockboxes are still the dominant way enterprise businesses transact. There is $550 billion lost while businesses continue to transact manually with other businesses via paper check. You don’t see people clutching their rotary phones after being offered the brilliance and convenience of an iPhone… after learning a bit about what eLockboxes offer, you will understand why it’s a payment solution that is finally gaining traction.

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Kenzie Earle Kenzie Earle on March 14, 2017

Accounts Receivable, eLockBox Service, Billing Portal

What is a Bank Lockbox Service and How is it used for Payments

Across the cash management process of many businesses, Bank Lockbox Services have been around for decades as a way for treasury & finance teams to improve their receivable process for checks and other corporate payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged. Today we'll explore a little bit about the advantages and disadvantages of a lockbox services and how electronic lockbox alternatives such as an online billing portal may be the next step in the evolution to a traditional commercial lockbox service.

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Kenzie Earle Kenzie Earle on February 9, 2017

Payments, B2B, Accounts Receivable, Lockbox Services

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