PAYSTAND BLOG

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

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.

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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?

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Scott Campbell Scott Campbell on November 17, 2015

ACH, eCheck, electronic checks, B2B

The Top 6 Excuses A/R Staff Hear for Late Customer Payments (and what to do about them)

As the fiscal year for many businesses draws to a close at the end of July, a collective “argh!” can be heard from accounts receivable departments as they try to collect on late customer payments and close out their books. Anyone who has worked for a B2B company has experienced the frustration of waiting for a check in the mail for a long-overdue invoice. Often, it’s the biggest and most established business customers who draw the process out the longest, optimizing their cash flow because they can (and jeopardizing yours in the process).

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Kenzie Earle Kenzie Earle on July 7, 2015

recurring payments, business, direct bank debit, electronic checks, B2B, Enterprise payments

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