PAYSTAND BLOG

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

The Attendee’s Guide to AFP 2019 (and 5 Reasons Why You Should Attend)

In just over three weeks, over 7,000 finance leaders will meet in Boston for this year’s AFP 2019 at the Boston Convention & Exhibition Center.

AFP is one of the most forward-thinking finance events of the year. Speakers from various industries come together to provide actionable advice on the trends and tools you should be focusing on for 2020 and beyond.

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Eduardo Lopez Eduardo Lopez on September 24, 2019

Payments, event, Digital Payment, automation, Company

4 Accounts Receivable Processes Every Controller Should Automate in 2020

Today’s world is highly automated, from the sales email in your inbox to the money that gets deposited in your bank account every two weeks.

Across every function from marketing to sales to HR and Support, automation has become a key to success. Now it’s time for finance teams to benefit from the cost savings, profit, and productivity that only automation can deliver.

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Eduardo Lopez Eduardo Lopez on September 17, 2019

Payments, Accounts Receivable, Digital Payment, automation

How much is it costing your business to accept paper checks?

Paper checks are one of the most costly ways you can collect payments from your customers. Many businesses think getting paid by check is free, but this couldn’t be further from the truth. Paper checks are loaded with labor costs, processing fees, and hidden markups. Last year alone, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.

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Eduardo Lopez Eduardo Lopez on September 4, 2019

Payments, Paper Checks, Digital Payment, Paystand Bank Network

6 Ways NetSuite Users Can Reduce DSO By 30%

Managing receivables is one of the most important parts of any business. One wrong move and you’re dealing with unhealthy cash inflows and missed or delayed payments. Whether you’re a CFO thinking about financial strategy or a controller focused on managing internal controls and processes, it’s important to keep your Days Sales Outstanding (DSO) to a minimum.

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Eduardo Lopez Eduardo Lopez on August 21, 2019

Payments, DSO Solutions, Accounts Receivable, netsuite

PayStand Releases SuiteApp Integration To Extend Best-In-Class Payment Functionality Within NetSuite

Company Delivers One-Click-Simplicity to Handle Enterprise Cash Cycle

SCOTTS VALLEY, Calif. - October 25, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the next generation of its SuiteApp integration, delivering all-in-one electronic payment functionality within NetSuite for companies of all sizes. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check. PayStand together with NetSuite gives businesses a next-generation platform that automates the entire enterprise cash cycle.

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Mark Fisher Mark Fisher on October 25, 2018

Payments, Accounts Receivable, B2B Payments, netsuite

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

Across the cash management process of many businesses, Bank Lockbox Services have been around for decades as a way for treasury & finance teams to improve their receivable process for checks and other corporate payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged. Today we'll explore a little bit about the advantages and disadvantages of a lockbox services and how electronic lockbox alternatives such as an online billing portal may be the next step in the evolution to a traditional commercial lockbox service.

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Kenzie Earle Kenzie Earle on February 9, 2017

Payments, B2B, Accounts Receivable, Lockbox Services

What Makes For a Great B2B Ecommerce Store?

When it comes to ecommerce, you may be surprised to learn that there are many similar requirements between B2B and B2C – such as the need for quality product images, intuitive navigation and a seamless customer journey. But B2B businesses also face their own unique challenges; factors like high sales volumes, long buying cycles and multiple decision makers getting involved along the way. This means they require a slightly different approach to the standard B2C business plan.

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Scott Campbell Scott Campbell on November 29, 2016

ecommerce, Payments, WooCommerce, B2B, magento

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