Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why You Need an Accounts Receivable Process Flowchart
Feb 28, 2024 by Zazil Martinez
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. An accounts receivable flowchart visually represents the collection process, highlighting areas of inefficiency and opportunities for automation. Accounts receivable flowcharts are excellent for helping accounts receivable departments to visualize their processes. They often help pinpoint which areas are ripe for automation or improvement. Not only can they effectively keep your team on the same page and train new employees, but they can also help you see areas of inefficiency.
How to Find the Best AR Automation Software for Your Business
Feb 23, 2024 by Zazil Martinez
Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past. The best AR automation software offers a solution that automates and optimizes accounts receivable management. This lets finance professionals focus on strategic initiatives rather than mundane administrative tasks. But with so many available options, choosing the best AR automation software can be daunting. Here's a comprehensive guide on what to look for to select the best one for your business.
Top Challenges Accounts Receivable Teams Face and How to Solve Them
Feb 20, 2024 by Zazil Martinez
In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers. A weak accounts receivable management process can cause several other unintended consequences, including:
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Over Half of Fortune 100 Embrace Blockchain: Your Must-Know Guide
Jul 26, 2023 by Daniel Escudero
In the fast-paced world of finance and technology, staying ahead of the curve is crucial. As we step into a new era of digital currencies and blockchain technology, it seems the giants of the industry are taking note.
Everything You Need to Know About Decentralized Finance
Jul 21, 2023 by Daniel Escudero
If you’re learning about Decentralized Finance, this guide will help you start with the most important subjects within DeFi. We broke down the main parts of decentralized finance into digestible sections that will not burn you out.
Why Enterprises Should use Virtual Cards for Managing Opex
Jul 20, 2023 by Daniel Escudero
In the aftermath of COVID-19, businesses have had to make significant adaptations to their financial and operational structures to thrive in the evolving business landscape.
Quick Guide to Decentralized Finance
May 18, 2022 by Sage Thee
What is decentralized finance (DeFi)? Put simply; decentralized finance is the opposite of centralized finance, the pervasive financial structure currently used. Centralized finance depends on a central bank, and a central authority governs the system and often regulates who has and doesn’t have access to it — something referred to as financial gatekeeping.
Paystand's DeFi Corporate Card Media Round Up
Apr 5, 2022 by Sage Thee
We recently launched our DeFi Corporate Card, offering increased spend management tools and native Bitcoin rewards on every dollar you spend. Our CEO and founder, Jeremy, wrote an excellent tweet thread about it:
7 B2B DeFi Use Cases for Finance Departments
Mar 31, 2022 by Kelsey Banerjee
For years, decentralized finance (DeFi) has applied mainly to B2C transactions. Investors or individuals would load up their crypto wallets with Bitcoin or Ethereum or Doge tokens and hope for a rapid and dramatic increase in asset value. And while decentralized ledgers have been used since the 1980s for some B2B projects, DeFi didn't take off until years later.