Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Issue #13: Blockchain as the Future of EIPP Software
May 3, 2021 by Daniella Bourguetts
Editor’s note: Hello! 2021 is proving to be quite the year for a financial revolution – and now, in the middle of Q2, most companies are still in the process of adjusting to the new, post-COVID era. 78% of finance professionals predict that all future accounting methods will be automated, and we're seeing these changes happen sooner rather than later. This month, we're covering the rise of EIPP, a software that is moving the B2B payments industry forward. Subscribe now.
How to Evaluate Your Cash Flow Health
Apr 15, 2021 by Daniella Bourguetts
The way you measure your cash flow should always be tied to your business goals and operational needs. Every company has different needs, so it’s only natural that indicators in cash flow statements vary accordingly.
Paystand Receives The Startup Weekly’s 2021 Financial Services & Insurance Companies to Watch Award
Apr 7, 2021 by Mark Fisher
We’re excited to announce that, on April 5, 2021, we received Startup Weekly’s Financial Services & Insurance Companies to Watch award – an honor reserved for businesses that showcased strong growth and excellence in 2020.
All Blog Posts
What is a Bank Lockbox Service and How is it Used for Payments
Oct 22, 2020 by Eduardo Lopez
Across the cash management process, Bank Lockbox Services have been around for decades as a way for treasury and finance teams to improve their receivables 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.
How Medical Device Companies Can Improve Cash Flow with Digital Payments
May 28, 2020 by Eduardo Lopez
Medical device companies, hospitals, and health systems are working hard to keep up with the demand COVID-19 has created. Revenue targets are being reassessed, work environments are changing, and finance teams are looking for ways to operate faster, leaner, and more efficiently to address both short and long-term sustainability.
Digital Payment Processing for Property Management During COVID-19
May 4, 2020 by Eduardo Lopez
Federal, state, and local governments have ordered business shutdowns and restrictions limiting many social and commercial activities. As a result, the commercial real estate industry is seeing a spike in late or partial rent payments. Can switching to digital and card options help alleviate this issue?
Digital Payment Alternatives to Cash and Paper Checks
Mar 25, 2020 by Eduardo Lopez
The coronavirus outbreak forced many businesses to rethink how they accepted payments. Merchants and customers shifted to digital payment methods to avoid the risk of infection from handling cash and paper checks. It's no longer business as usual. Now is the time to start making changes to avoid any lasting impact on your revenues.
6 New Year’s Resolutions for Accounts Receivable (A/R) Teams in 2020
Jan 13, 2020 by Eduardo Lopez
With 2020 finally upon us, it’s time to start making our New Year’s resolutions. You may already have set your personal goals, but what about your Accounts Receivable resolutions? As an accountant, these resolutions might look a little different, but that’s why Paystand is here to help.
What is Fund-on-File Tokenization?
Dec 18, 2019 by Eduardo Lopez
Tokenization is a process of replacing sensitive data with non-sensitive data. It is used to safeguard your payment information by replacing it with a unique string of numbers.
4 Must-Have Features to Consider When Choosing a NetSuite Payment Solution
Dec 16, 2019 by Eduardo Lopez
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.
What is Payments-as-a-Service?
Dec 2, 2019 by Eduardo Lopez
Payments-as-a-Service 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, instead of charging transaction fees based on volume, subscribers only pay a flat monthly rate.
How to Start Automating Your Accounts Receivable Process
Nov 25, 2019 by Eduardo Lopez
Why are some finance teams slower to adopt automation? Some are concerned that automation could cost them their jobs. There’s comfort and a sense of security in number-crunching. But all those calculations take time away from strategic thinking that businesses so desperately need.
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.