Paystand Blog

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

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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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The Journey to Zero: How Paystand is Changing B2B Payments

Feb 3, 2021 by Daniella Bourguetts

Of the myriad problems facing businesses today, one over-arching challenge dominates all else: the B2B financial system remains essentially unchanged since the middle of the 20th century. At its core exists a fee-based transaction model for payments that no longer meets the needs of modern, digital-first businesses.

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Leadventure: Automating AR with Paystand for Sustained Growth

Jan 28, 2021 by Daniella Bourguetts

Leadventure is a SaaS website provider of digital marketing services for dealerships, OEMs, and resellers across 13 verticals, operating multiple subsidiaries that provide solutions to drive leads and in-store sales. With over 28,000 clients and services that range from website management to marketing tools and eCatalogs, LeadVenture has formed relationships with some of the largest manufacturers in the industry.

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4 Common Accounts Receivable Challenges and How To Solve Them

Jan 14, 2021 by Daniella Bourguetts

Most companies have an accounts receivable policy for when to bill, how much to bill, and when to collect. But research shows that not all businesses execute that policy effectively — the average US business has 24% of monthly revenue tied up in overdue invoices.

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3 Reasons to Consider an AR Automation Tool in Your 2021 Budget

Dec 15, 2020 by Daniella Bourguetts

For most CFOs, the COVID-19 crises caused a shift in priorities, leaning towards employee safety, and cutting down expenses in order to survive the unexpected economic shock that unfolded. In this environment, the careful planning and demands of building a budget for 2021 became more than routine exercise. Instead, it became a strategic imperative.

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A Quick Guide to Accounts Receivable Automation

Dec 3, 2020 by Daniella Bourguetts

Accounts Receivable Management is the cornerstone of a steady and healthy cashflow, keeping your business in a better position to drive growth, operate better, and optimize your team's time and resources.

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3 Ways Paystand Optimizes Your NetSuite Payment Process

Nov 24, 2020 by Daniella Bourguetts

Paystand's Built-for-NetSuite SuiteApp has become one of the most potent payment integrations available for NetSuite users. It allows you to accept multiple payment options and streamlines the collection process to reduce payment delays and time spent on manual data entry, remittance matching, and reconciliation.

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What Ecommerce Platforms Integrate with NetSuite?

Jul 29, 2020 by Caleb Schmitz

Did you know NetSuite is more powerful as an ecommerce platform than a majority of standalone ecommerce solutions today? It can be used to manage the data, sales, and payments for an ecommerce website, but it can also integrate to other ecommerce sites like Amazon, eBay, Overstock, Sears, Walmart, and other ecommerce powerhouses.

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What to Look for When Choosing a Payment Integration for NetSuite

Jul 9, 2020 by Eduardo Lopez

NetSuite is a complete, scalable cloud ERP (enterprise resource planning) solution targeted at high-growing, mid-sized and large enterprise businesses. Various integrations have been created to improve the digital automation of your financial cycle, an area that is critical. In this article, we'll walk you through what to look  for when choosing a NetSuite payment integration.

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B2B Ecommerce for NetSuite: Q&A with Caleb Schmitz on SuiteCommerce and SuiteCommerce Advanced

Apr 17, 2020 by Eduardo Lopez

SuiteCommerce is NetSuite's native ecommerce platform. It helps businesses get set up and selling with no hassle and connects your online sales and in-store POS with other parts of your business.

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NetSuite Implementation Best Practices from Anchor Group's Caleb Schmitz

Mar 19, 2020 by Caleb Schmitz

Enterprise Resource Planning (ERP) software provides the infrastructure needed to effectively manage your company's financials. NetSuite is one of the best ERP systems for growing businesses because it is highly customizable with features that lend well to scalability. As your business grows, it adapts to your needs. That is why so many companies switch to NetSuite once they reach the $10 million annual revenue mark.

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