PAYSTAND BLOG

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

Solutions for Slim Margins in the Solar Industry

Solar Power & Renewable energy is one of the most promising new technologies of this century to sweep the nation.  A positive change to the legacy energy sector, solar aims to improve the environmental impact, lower cost for customers, and provide a new source to the aging grids.  With this growth, over the last decade solar has turned into a highly competitive industry, with each company eager to outbid the next to establish brand and become the dominant player as the nascent industry grows.  With this competition, the key question as a solar operator becomes how can you adopt a competitive advantage to improve efficiency and lower your costs.

Kenzie Earle Kenzie Earle on January 12, 2017

ACH, eCheck, Solar Industry, PV, Increasing Margins, DSO Solutions, Tech Finance Solutions

Ensuring You Get Paid: Business to Business Strategy for Steady Cash Flow

While you may be a billion dollar enterprise with a dedicated accounts receivable team, or you may be on your own as one of 54 million freelancers, it doesn’t necessarily mean that getting paid on time is easy. According to a study conducted by Censuswide, nearly 81% of businesses have received late payments despite having completed their work within the time agreed upon.

Scott Campbell Scott Campbell on April 29, 2016

ACH, eCheck, electronic checks, B2B, e-invoicing

The Top 5 Myths about Accepting Paper Check Payments

Here in Silicon Valley it’s easy to forget that not every business process has been transformed by tech’s magic wand. Case in point: over half of all business-to-business payments still take place by paper check, sent via snail-mail. Even more surprising is that many of the companies we talk to are perfectly satisfied with a process that works exactly the same as it did 75 years ago. Are check payments a perfect example of “If it ain’t broke, don’t fix it?” Or has the gospel of digital payments just not reached the traditional business world yet?

Scott Campbell Scott Campbell on November 17, 2015

ACH, eCheck, electronic checks, B2B

Beyond Paper Clips: The Pros and Cons of B2B eCommerce

Think about the last time you bought a computer or office supplies for your business. Did you buy them online, through a printed catalog, or in person at a big-box store? Increasingly, business buyers are just as comfortable using the Web for company purchases as they are using Amazon or BestBuy.com for personal shopping. A Forrester report found that 74% of B2B buyers use the Web to research over 50% of their work purchases, and 30% complete at least half of those purchases online.

Jeremy Almond Jeremy Almond on July 27, 2015

ecommerce, business, eCheck, B2B

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