Paystand Blog

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

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9 Types of NetSuite Keyboard Shortcuts You Need to Know

Sep 22, 2023 by Zazil Martinez

Speed up and improve your NetSuite experience by using important keyboard shortcuts. You can use them when searching for data, speeding up data entry, or navigating reports. Make your work faster and easier by using these nine NetSuite keyboard shortcuts.

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Push-to-Card (P2C) Payments | B2B Finance Glossary

Sep 21, 2023 by Zazil Martinez

What is a Push-to-Card (P2C) Payment? A push-to-card (P2C) payment – also known as a push payment, a digital disbursement, or a debit card disbursement – is a type of payment solution that allows a cardholder to send or, in other words, “push” money to another cardholder. This is the opposite of a pull payment, which enables funds to be pulled from one account and sent to another. In a pull payment, the payee is authorized to collect or “pull” money from another account and move it to their account. In this way, payers are not responsible for moving funds themselves, and they allow payees to take money from their accounts automatically – something that contrasts with push-to-card payments.

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Payment Failure | B2B Finance Glossary

Sep 21, 2023 by Zazil Martinez

What is a Payment Failure? A payment failure is when a payment being made from one party to another doesn’t go through. Payments can fail for many different reasons. While many payment failures result in the loss of legitimate business, some payment failures are for a good reason and actually work to minimize the possibility of fraudulent transactions.

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Everything You Need To Know About EDI Payments

Jul 7, 2023 by Zazil Martinez

EDI payments involve exchanging payment information electronically instead of using paper-based methods. They can benefit businesses by saving resources and speeding up transactions. By adopting them, companies can become more efficient and thrive in today's competitive world.

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Upgrade Your Team with a Digital Accounts Receivable Process

Jun 30, 2023 by Zazil Martinez

Unlocking the potential of a streamlined and efficient accounts receivable process is critical for finance teams burdened by paperwork, manual tasks, and fragmented data sources. If your accounting processes are still in the manual era, this article will help you upgrade your team with a digital approach.

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3 New Features in Paystand's Sage Intacct Integration

Jun 29, 2023 by Zazil Martinez

Streamline your accounts receivable processes with Paystand and Sage Intacct's integration. Its latest enhancements, the Payer Portal, advanced filtering, and dispute resolution, help gain real-time visibility and improve efficiency.

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3 Steps to Digitize Your Enterprise Cash Cycle

Jun 27, 2023 by Kelsey Banerjee

Digitizing the enterprise cash cycle is a complex undertaking. Some companies dodge it entirely to avoid losing customers or incurring operational expenses. Others try digitization to save time and reduce costs but regularly miss the mark. This three-part post will look at the enterprise cash cycle and what it means to modernize your business payments truly.

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Supercharging your Sage Intacct Invoice-to-Cash Cycle with Paystand

Jun 17, 2023 by Zazil Martinez

The invoice-to-cash cycle is vital for businesses, but it can be time-consuming. This cycle affects cash flow, working capital, and efficiency, and any disruption can lead to late payments and cash flow issues.

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Recession-proof your Business with AR Automation

May 19, 2023 by Brandon Jones

During recessions, businesses face economic downturns that can negatively impact their operations. However, by embracing automation, companies can navigate these challenging times and emerge even stronger.

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5-Minute Guide to Accounts Receivable Management

May 16, 2023 by Kelsey Banerjee

Accounts receivable management is critical for maintaining healthy cash flow, and businesses can have up to 24% of monthly revenue tied up in AR. A flawed billing and collection process can cause cash flow issues, missed opportunities, and high costs.

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Setting Up Custom Invoice Workflows in Sage Intacct

May 10, 2023 by Zazil Martinez

Are you looking for ways to streamline your accounts receivable processes and save time for your team? Let us guide you through setting up a custom invoice workflow on Sage Intacct using the Paystand integration. From mapping out your ideal workflow to generating reports, we'll cover all the steps necessary to start.

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How Automated Payment Services Can Improve Your Business

Apr 24, 2023 by Kelsey Banerjee

If your payment system isn't processing payments fast enough to keep up with expenses, the entire organization comes to a standstill. Automated payment solutions expedite the payment process and provide a stellar customer experience. But there are many other benefits to automated payment systems, as well.

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How to Automate Your Accounts Receivable Process

Mar 8, 2023 by Zazil Martinez

Accounts receivable (AR) teams often need help with manual processes. These waste time and money, cause errors and result in lost documents and compliance breaches. However, automating AR processes can address these problems and enhance the efficiency of the AR team. AR automation benefits include reduced DSO and saved time for financial close, freeing up teams for more high-value tasks.

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"Since working with Paystand, we’ve saved almost 20 hours of work a week."

See how Motorola reduced costs by 16%.
SOFIA MITCHELL

Accounting Analyst

"Real-time updates and analytics have made it easier to forecast and budget cash flow."

See how Thumbtack reduced their DSO by 40%
CHAD BELLO

Revenue Accounting Manager

“We found Paystand so easy to use; their embedded payment links in our invoices are simple for customers. Our clients and vendors are no longer confused at the critical moment when they’re ready to pay.”

See how Allterra reduced their costs by 51%
JAMES ALLEN

CEO

"Paystand allows us to free up resources, reduce costs, and expedite payments with real-time posting of transactions. It gives us the ability to grow with confidence that our AR process is equipped to handle the pace of our business."

See how Covetrus decreased 98% in Per-Transaction Fees
KRISTEN PARISIEN

Controller, Global Prescription Management

“The Paystand platform has done exactly what we expected it to do. We’re thrilled that the results aligned with our expectations. We’re operating as a well-oiled machine.”

See how Choozle decreased 50% in late receivables
AJ HEFFERNAN

Director of Finance & Operations

“It’s almost creepy how easy Paystand makes my job. It’s unbelievable how automated it is. It’s been an even better experience than we anticipated. . . We just fully trust Paystand.”

See how Edgewood decreased 60% in transaction fees
JOHN DYBWAD

Vice President of Finance & Budget