Paystand Blog

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

Recent posts

Why you should care about reducing your DSO

Oct 21, 2021 by Brandon Jones

Many companies struggle with the problem of getting customers to pay invoices in a timely manner. On-time payments are extremely important to a business’ cash flow. Since understanding the details of customer payments is the first step towards improving cash flow, many companies keep track of days sales outstanding (DSO).

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Get your hands off your AR process

Oct 19, 2021 by Kelsey Banerjee

For people on the outside looking in, accounts receivable (AR) processes appear deceptively simple. After all, isn't it just accepting payments? What's better than handling payments?

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How to streamline month-end close processes with digital payments

Oct 14, 2021 by Brandon Jones

The end of the month can be a stressful time for your financial team. Between calculating employee wages, paying bills, and balancing budgets, there is a lot of financial data to keep track of. And unfortunately, due to human error, that data can easily be lost. But all of that can be avoided with digitized month-end accounting.

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What to Look for When Choosing a Billing Portal

Jun 26, 2017 by Kenzie Earle

In our last look at traditional lockboxes, we learned what is entailed in the involved process and that there is a large margin for error. The current challenges include poor working capital optimization, zero cash visibility and friction in buyer-supplier relations due to frustrating limitations in the payments realm. One of the biggest issues in B2B payment processing is that both buyers and suppliers are comfortable with the way they’re processing payments now – even if the method is antiquated and ineffective. PayStand aims to stand by a progressive methodology in order to promote a higher standard in for players in the world of FinTech and the businesses that are impacted by it.

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The First Three Things to Do When Faced with a Chargeback

Jun 2, 2017 by Kenzie Earle

Credit card charge disputes, or "chargebacks," are unfortunately a part of doing business. Reasons for chargebacks are numerous, from stolen credit cards to dissatisfaction with goods or services, and everything in between. Understanding chargebacks, and how your company should respond when faced with one can help make the process easier.

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The Advantages of Digital/Electronic Lockboxes & Modern Billing Portals

Mar 14, 2017 by Kenzie Earle

In our last article on traditional lockbox services, we learned that though it’s an antiquated method, traditional lockboxes are still the dominant way enterprise businesses transact. There is $550 billion lost while businesses continue to transact manually with other businesses via paper check. You don’t see people clutching their rotary phones after being offered the brilliance and convenience of an iPhone…after learning a bit about what Digital (aka Electronic) Lockboxes offer, you will understand why it’s a payment solution that is finally gaining traction.

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