Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
2021’s best practices for Sage Intacct payments
Sep 23, 2021 by Mark Fisher
Whenever an organization invests in a new technology, especially one that deals with receiving payments, it’s critical to understand best practices to maximize the return on that investment. Accounts receivable and invoicing practices are such foundational aspects of a successful business that best practices are even more important.
2021's best practices for NetSuite payments
Sep 21, 2021 by Kelsey Banerjee
As the ERP of choice for over 27,000 organizations worldwide, NetSuite isn’t going away anytime soon. And, if you’re reading this article, then you're probably one of those thousands of accounting professionals that trust Oracle’s tried and tested software.
5 easy ways to reduce your DSO
Sep 16, 2021 by Mark Fisher
All businesses must find ways to effectively manage accounts receivable (AR) to stay financially viable. Days sales outstanding (DSO) is an age-old metric that’s used to help companies gauge how well they’re doing just that. As you probably already know too well, when DSO is too high, businesses can struggle with poor cash flow and unpaid debt, which means less liquidity for things like expansion and investment.
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How Does Paystand Automate the Accounts Receivable Process?
Nov 22, 2019 by Eduardo Lopez
Paystand automates the entire Accounts Receivable process, so you never have to spend hours manually collecting and reconciling payments. The benefits are two-fold: your team removes hours of repetitive tasks from their workload, and tasks are automatically executed error-free on your behalf. Paystand also helps businesses reduce late payments. That's why Paystand customers usually decrease the number of overdue receivables by 62% in the first few months.
Here's What You Can Do With Paystand's SuiteApp Features
Nov 15, 2019 by Eduardo Lopez
Paystand's Built-for-NetSuite SuiteApp has proven to be one of the most powerful payment integrations in the NetSuite ecosystem. Its flat monthly pricing and zero-fee payment rail make Paystand an extremely enticing payment solution for NetSuite users, and that value is only multiplied when you factor in Paystand's ability to automate the entire A/R process and handle everything digitally.
7 Expert Invoicing Tips That Can Help You Get Paid Faster
Nov 11, 2019 by Eduardo Lopez
The end of year close is approaching and that means it's time to catch up on those late receivables. Whether your company sells handcrafted boots, digital advertising technology, or outdoor products, now is the time to follow up on any overdue invoices and get those accounts current.
How to Digitize the Enterprise Cash Cycle, Part 1: Invoicing
Jan 18, 2019 by Scott Campbell
Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs, but regularly miss the mark. To kick off 2019, we’ll be taking a look at the enterprise cash cycle and what it means to truly modernize your business relative to payments.
Introducing Blockchain Certified Payments
Oct 26, 2016 by Erica Zeidenberg
Today Paystand, is introducing a completely new way for enterprise payments to leverage the blockchain. For the first time in the industry, Paystand customers have the option to certify and notarize payments on the blockchain (from payment requests & invoices to completed payment receipts) to ensure that the history of payments are secure, auditable, independently verifiable, and free of tampering.
Top 5 Cloud Software Offerings for B2B Companies
Mar 7, 2016 by Scott Campbell
In the old software model, a B2B company could expect a number of cash flow obstacles from software purchases. After they purchased computers for their employees, they would discover a purchase of Microsoft Office was also required. Later they would need to complete a full purchase of an accounting software. Perhaps they need two copies of an illustration software. This software may even require an IT tech to set them up. Each of these pieces of software may be used a lot at first, followed by not at all for a long stretch of time. This made it difficult to start a business. In today's software model, software can be "rented" as a cloud offering by the month. If the software is not used or not needed, the "rent" can simply be terminated, usually without any penalty. Here are the top 5 cloud offerings that can save a lot of money.