Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Product Feature: Announcing Next-Day Funds Availability
Sep 27, 2022 by Allison Steitz
Paystand's mission is to reimagine financial infrastructure in an effort to drive radically better economics for businesses globally. We carry out this mission through products and services that speed up time to cash, automate complicated billing processes, and eliminate transaction fees.
Paystand Announces SuiteWorld 2022 Gold Sponsorship
Sep 27, 2022 by Sage Thee
SCOTTS VALLEY, CALIF., SEP 27, 2022 – Paystand today announced it will be a Gold sponsor at SuiteWorld 2022, Oracle NetSuite’s largest celebration for customers and partners that takes place September 27-30, 2022, at the Caesars Forum in Las Vegas & On Air. This year's theme is “Full Suite Ahead,” with the conference promising four energy-packed days filled with networking opportunities and educational programming that will help NetSuite customers, partners, and developers discover new ways to leverage the full power of the suite.
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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.
Supercharging your Sage Intacct Invoice-to-Cash Cycle with Paystand
Jul 7, 2022 by Sage Thee
Every business has a unique invoice-to-cash cycle, but one thing is universal across all industries: the time spent managing it. However, your finance team doesn’t have to spend hours managing order entry, invoicing, payment collection, reporting, and reconciling. With the unique capabilities of Paystand’s Sage Intacct integration, you can automate your invoice-to-cash cycle for better results and a happier finance team.
Supercharging your NetSuite Invoice-to-Cash Cycle with Paystand
Jul 5, 2022 by Sage Thee
Every business has a unique invoice-to-cash cycle, but one thing is universal across all industries: the time spent managing it. However, your finance team doesn’t have to spend hours managing order entry, invoicing, payment collection, reporting, and reconciling. With the unique capabilities of Paystand’s NetSuite integration, you can automate your invoice-to-cash cycle for better results and a happier finance team.
5 Advantages of Blockchain Payment Processing
Oct 28, 2021 by Brandon Jones
To most people, blockchain technology is an enigma that seems to only relate to cryptocurrency. But to us, it’s so much more.
How Payer Incentives Puts Money Back Into Your Business: A Case Study
Jul 7, 2021 by Mark Fisher
TL/DR; Implementing Paystand's Payer Incentives module creates significant shifts in payment behavior away from cards and saves businesses an average of 67% on punitive transaction fees.
How to Automate B2B Payments
Jul 6, 2021 by Daniella Bourguetts
Progressive companies have been investing in Accounts Receivables automation to achieve sustainable growth and optimize their team's most valuable resource: time. As advanced as some ERPs are, they don't automate many of AR's manual processes associated with payments like reconciliation, mailing invoices, and processing paper check payments. Automating these manual and arduous tasks allows an AR team to focus on more impactful and strategic issues that add greater value to the organization. In 2019, a study conducted by Mastercard and PYMTS titled "B2B Payment Automation Innovation Playbook" stated that 74% of companies haven't yet adopted payment automation but plan to do so by 2022. In a more recent 2021 study, these numbers increased to 76% of respondents wanted to automate banking activities and 80% of respondents planned to automate their payments and reconciliation processes. Though payment automation has been focused on cost-saving and efficiency, the pandemic has highlighted the need to manage their AR processes remotely plus build a scalable payment process that facilitates the evolution from legacy (paper checks, cash, etc) to digital payments. In this blog, we will demonstrate how evolving your payment strategy with B2B payments automation can be the key ingredient for growth and embracing the benefits of digital payments. After all, it took a relatively short time for consumers to adopt digital payment apps like Paypal and Venmo. We can be confident that the business payment evolution won't be far behind the consumer's shift away from paper payments. How automation puts your finance team on path to success At Paystand, we sometimes hear from companies hesitant to change to an automated payment system. It's difficult to change when some people have used the same processes for many years that have "worked". Thankfully with some coaching these same people understand that change is inevitable and companies either evolve or else. While new payment technologies aren't revolutionary, using paper checks and credit cards and their associated fees can and will consume resources for those unwilling to change. Those companies who continue to resist the shift toward digital payments will be at the mercy of card networks and their tendencies to increasingly raise processing fees. Besides the cost and efficiency savings involved in this new digital payment paradigm, there's the benefit of quickly accessing all AR data in one integrated system plus there's no more waiting for the post office to deliver the mail or in the rare case, tracking down a lost envelope. In summary, the benefits of B2B payment automation are: