Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
5 Financial Resolutions to Kickstart the New Year
Dec 6, 2023 by Zazil Martinez
Discover the essentials to thrive in the new year. From streamlining expenses to embracing digital payments, we provide actionable steps for success. Join us in securing a resilient financial future.
Learning from Silicon Valley Bank's 2023 Mistakes
Nov 30, 2023 by Zazil Martinez
In the fast-paced world of finance, Silicon Valley Bank's collapse in 2023 sent shockwaves through the industry. In this retrospective, we will examine what caused the downfall, how it affected things, and what we can learn.
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What’s the Difference Between ACH and EFT Payments?
Sep 29, 2023 by Zazil Martinez
Digital transactions have revolutionized B2B payments, changing the landscape completely. At first, people were unsure about sending money online. But now, it's essential to understand that digital payments have become much safer and faster. To know how ACH and EFT differ and how this knowledge can impact your business, delve into this insightful exploration.
A Simple Guide to ERP Payment Gateways and Portals
Sep 28, 2023 by Zazil Martinez
Integrating front- and back-end systems is vital as online business transactions surge. Traditional fund transfers can be cumbersome and costly. The solution? Enterprise Resource Planning (ERP) systems.
Merchant Account vs. Payment Gateway
Sep 8, 2023 by Zazil Martinez
Are you ready to optimize your payment strategy in the lightning-fast physical and online payment processing world? Understanding the details between a merchant account and a payment gateway is crucial for businesses looking to streamline their payment methods in their industry.
Power Up Your AR with Dynamic Discounting
Aug 23, 2023 by Daniel Escudero
In today's fast-paced business environment, cash flow is king. At Paystand, we understand this and offer a revolutionary tool called Dynamic Discounting. This tool empowers accounts receivables teams to optimize their cash cycles by incentivizing early payments. More than just a service, it's a game-changer for AR teams.
Business Disbursements: The Essential Guide
Aug 22, 2023 by Kelsey Banerjee
What is a disbursement? And what is the disbursement of funds? Understanding these definitions — and knowing how disbursements differ from other types of cash outflow like reimbursements and payments — is critical to ensuring your business avoids accounting errors that could be detrimental to your bottom line.
Overcoming Payment Digitization Challenges
Aug 16, 2023 by Zazil Martinez
In an era where technology reshapes everyday activities, a profound transformation in financial transactions is no surprise. Traditional payment methods relied heavily on cash and paper-based processes but gave way to a new digital frontier. This wave of digitization brings countless opportunities, yet it has its share of challenges. Payment digitization challenges stem from internal and external pressures, and with the B2B payments landscape shifting, organizations need help to adapt. The last thing a CFO wants is to invest in new digital solutions and train the team, only for their new software to shut down or change to another within a year. As we embark into the digital finance era, we face questions demanding thoughtful consideration and strategic planning. How do we ensure the security and privacy of sensitive financial data in an increasingly interconnected world? What measures must be taken to bridge the gap between tech-savvy individuals and those still adapting to digital platforms? How can businesses and financial institutions collaborate to create a seamless payment ecosystem? This article will cover some of the biggest challenges of payment digitization today and how to overcome them.
What is a Virtual Expense Card?
Aug 4, 2023 by Zazil Martinez
What is a Virtual Expense Card? (Update) Virtual Expense Cards are digital payment tools that simplify and enhance B2B transactions. Unlike physical credit or debit cards, these virtual cards operate online, making them ideal for card-not-present purchases. Incorporating them into your financial toolkit can revolutionize expense management, control spending, and streamline payment processes.
What is an ACH Payment?
Aug 1, 2023 by Zazil Martinez
Since the early 1970s, the Automated Clearing House (ACH) network has revolutionized payment processes, offering an alternative to credit, checks, or cash. With fast payment processing, lower fees, and enhanced security, ACH is the go-to choice for countless businesses. If you're ready to streamline your finances for the digital age, read on to uncover the full potential of ACH payments.
Unlock the Power of WooCommerce: Email Invoices with Pay Now Link
Jul 14, 2023 by Zazil Martinez
Discover how to optimize WooCommerce's WordPress extension to improve your eCommerce functionality. Learn how to generate invoices, email them with payment links, and enable customers to make online payments in this practical guide.
6 Must-Know Digital Payment Trends for 2023
Jul 11, 2023 by Kelsey Banerjee
Digital payment trends are continually shifting and growing to meet market needs and demands. What we predicted for the pre-pandemic market now differs from the needs of a world handling an uncertain economy, geopolitical upheaval, and continuing supply chain disruptions. Staying on top of whatever is in demand in a constantly changing market is crucial. You must watch the horizon and prepare for what is coming next. Unfortunately, uncertainty permeates every industry. And this also makes it impossible to know what will happen over the coming year. But, it is possible to look back over the past year and see some of the growing trends and habits that are on track to making big waves in 2023.