Paystand Blog

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

What is a Bank Lockbox Service and How is it used for Payments

Across the cash management process, Bank Lockbox Services have been around for decades as a way for treasury and finance teams to improve their receivable process for checks and other payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged.

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Eduardo Lopez Eduardo Lopez on October 22, 2020

Payments, B2B, Accounts Receivable, Lockbox Services

4 Must-Have Features to Consider When Choosing a NetSuite Payment Solution

What should you look for in a NetSuite payment solution?

NetSuite has an app-store of solutions called SuiteApps. The right payment solution, or SuiteApp, will not only integrate easily with your current systems, but will also help you reduce processing costs, speed up collections, and streamline the payments process for your customers.

In this blog, we’ll explore four key features to look for when choosing a NetSuite payment solution.

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Eduardo Lopez Eduardo Lopez on December 16, 2019

Payments, Accounts Receivable, Digital Payment, automation

What is Payments-as-a-Service?

Payments-as-a-Service (PaaS) is a cloud-based approach to commercial payments pioneered by Paystand. Essentially, it moves your cash cycle into the cloud and helps you automate the back-office financial process from end to end. In addition to this, instead of charging customers fees based on transaction volume, subscribers only pay a flat monthly rate to Paystand's software.

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Eduardo Lopez Eduardo Lopez on December 2, 2019

Payments, payments-as-a-service, Digital Payment

How Does Paystand Automate the Accounts Receivable Process?

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.

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Eduardo Lopez Eduardo Lopez on November 22, 2019

Payments, e-invoicing, Accounts Receivable, automation, collections

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