Paystand Blog

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

Recent posts

How to Save Money on B2B Credit Card Processing Fees

Jun 2, 2023 by Brandon Jones

High credit card processing fees can significantly impact the profitability of B2B businesses, cutting into profit margins and harming competitiveness. However, effective and budget-friendly payment options can keep processing times short without triggering excessive fees.

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How Automation Helps Avoid Broken Transfers

Jun 1, 2023 by Zazil Martinez

In the fast-paced world of B2B, an efficient accounts receivable process is vital for smooth operations. One common challenge that can disrupt the entire staff is broken transfers. While seemingly insignificant, these disruptions can significantly impact the AR process, leading to a lengthened cash cycle and increased DSO.

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How Blockchain is Transforming Accounting and Finance

May 31, 2023 by Zazil Martinez

As technology continues to shape our lives, one revolutionary solution has emerged to transform the way we record, verify, and audit financial transactions: blockchain. With its ability to introduce transparency and decentralized record-keeping, blockchain holds immense potential, particularly in accounting.

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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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Knocking Down Barriers for a More Open and Equitable Financial Future

Jan 20, 2023 by Sage Thee

Here at Paystand, we believe that financial institutions have locked their customers into restrictive, expensive processes to collect and track revenue for far too long. These inefficient legacy operations result in time-consuming, costly, manual processes that cut into your bottom line.

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Why Automation is the Strongest Tool in your AR Belt

Jan 12, 2023 by Zazil Martinez

Today 69% of organizations around the world still perform significant processes manually. Companies that don’t automate processes spend excessive time on tasks that could be done with the help of technology. They haven’t leaped into digital transformation out of a lack of knowledge or fear of innovation.

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5 Mistakes in AR Automation and How to Avoid Them

Oct 13, 2022 by Zazil Martinez

AR automation is a great way to increase your cash flow and free up time so you can focus on growing the business. However, there are common mistakes that you should avoid when implementing automation in your business that need careful consideration so they don't disrupt ongoing workflows. Keep on reading to learn about these mistakes and how to avoid them.

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Your Guide to Optimizing Sage Intacct with Integrated Payments and AR Automation

Jul 7, 2022 by Sage Thee

Enterprise resource planning (ERP) solutions have revolutionized how finance teams track payments, but these digital systems aren’t without their challenges. Namely, these systems tend to fall short when it comes to user experience and payment processing — that’s where integrations come in.

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Your Guide to Optimizing NetSuite with Integrated Payments and AR Automation

Jul 7, 2022 by Sage Thee

Enterprise resource planning (ERP) solutions have revolutionized how finance teams track payments, but these digital systems aren’t without their challenges. Namely, these systems tend to fall short when it comes to user experience and payment processing — that’s where integrations come in.

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