Paystand Blog

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

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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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The 6 Benefits of Real-Time Payments for You and Your Clients

May 30, 2023 by Kelsey Banerjee

Introducing the world of real-time payments, where speed, efficiency, and cost-effectiveness revolutionize business transactions. With instant processing and minimal fees, real-time payments offer seamless experiences in B2B transactions.

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How to Save Money on B2B Credit Card Processing Fees

May 26, 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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What is Cash Application and Why Is It Important?

May 23, 2023 by Kelsey Banerjee

Cash application is critical for the success of commercial transactions, but it can be complex in B2B exchanges. Transaction delays, invoice matching, and manual processes create challenges. This article explores the complexities of cash application and discusses solutions for streamlining the process.

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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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The Advantages of Digital Lockboxes

Apr 21, 2023 by Zazil Martinez

Traditional lockbox services are no longer sufficient for many businesses in today's digital age. Inefficient and prone to payment delays, paper check processing costs can significantly impact the revenue of B2B companies.

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How to Evaluate your Cash Flow Health

Apr 5, 2023 by Zazil Martinez

Measuring cash flow should is always tied to business goals and operational needs. Every company has different needs, so indicators in cash flow statements vary accordingly.

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The Guide to Payment Terms (and How to Optimize Them)

Mar 24, 2023 by Kelsey Banerjee

Payment terms are essential in any business transaction as they define the cash flow cycle. They are the rules that ensure vendors and suppliers get paid on time and customers know when to expect payments. When discussing payment terms, we refer to the conditions that dictate when and how payments should be made.

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Planning for the Year Ahead

Dec 29, 2022 by Zazil Martinez

2022 is almost over. Are you ready to start 2023 on the right foot? We’re navigating that time limbo between Holidays when some things might slip away — important things among them. And in the AR department, that just can’t happen.

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Improve Your Collections With Recurring Payments

Nov 17, 2022 by Zazil Martinez

Managing customer collections is not always easy, and there is often no protocol for consistent control in this aspect. One of the main problems of not having a clear collection strategy in the company is late payments. Around 20% of customers are late in their payments or do not pay their debt, significantly reducing the company's gross income.

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7 Benefits of a Merchant Account

Nov 15, 2022 by Kelsey Banerjee

Today, businesses need to accept more than cash, checks, or a customer's debit card. Even credit card payments are getting left behind with the seamless processing of ACH and bank-to-bank transfers. But to leverage these options, a small business owner needs to invest in a merchant account.

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Which of These Common Mistakes in the Credit and Collections Area are You Making?

Oct 27, 2022 by Zazil Martinez

While collections is a complicated area in which we frequently run into obstacles, such as delinquent customers that slow down the corresponding processes within our company, there are several internal mistakes that we are probably making in the administrative area that affect financial liquidity.

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Good Habits to Keep Delinquencies Low

Oct 20, 2022 by Zazil Martinez

No matter the size or line of your business, one of the most significant and frequent problems you will, unfortunately, have to face on one or more occasions is delinquent clients. Did you know that just one client's delinquency is enough to destabilize liquidity, limit solvency, hinder the ability to continue work, and prevent your company from meeting fiscal and administrative responsibilities?

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