Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
2021’s best practices for Sage Intacct payments
Sep 23, 2021 by Mark Fisher
Whenever an organization invests in a new technology, especially one that deals with receiving payments, it’s critical to understand best practices to maximize the return on that investment. Accounts receivable and invoicing practices are such foundational aspects of a successful business that best practices are even more important.
2021's best practices for NetSuite payments
Sep 21, 2021 by Kelsey Banerjee
As the ERP of choice for over 27,000 organizations worldwide, NetSuite isn’t going away anytime soon. And, if you’re reading this article, then you're probably one of those thousands of accounting professionals that trust Oracle’s tried and tested software.
5 easy ways to reduce your DSO
Sep 16, 2021 by Mark Fisher
All businesses must find ways to effectively manage accounts receivable (AR) to stay financially viable. Days sales outstanding (DSO) is an age-old metric that’s used to help companies gauge how well they’re doing just that. As you probably already know too well, when DSO is too high, businesses can struggle with poor cash flow and unpaid debt, which means less liquidity for things like expansion and investment.
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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.
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.
The Four Pillars of Modern B2B Payments
Jul 9, 2019 by Eduardo Lopez
Creating a modern B2B payments experience comes down to one idea: transactions should be frictionless. There's no reason a customer should worry about how much they're being charged or whether a transaction is secure. Vendors shouldn’t spend time thinking about what payment methods to accept, how quickly they'll receive payment, or how to integrate those payments into their overall cash cycle. All of those things should be automatic.
Incorporating SaaS to offer Payments-as-a-Service
Aug 31, 2018 by Anindya Chanda
Software is changing our world and the way companies operate in it. Shifts in technology and the rise of modern, cloud services have reshaped entire industries. These shifts have created zero-sum situations with a new set of winners, leaving many businesses who did not -- or were unable to -- reinvent themselves on the outside looking in. For every Uber, AirBnb, and Netflix, there are many more local taxi, hotel, and video rental companies who did not embrace new software and services. To remain relevant in today’s rapidly changing business world, it is important to continually review and reimagine your business by taking advantage of the latest developments in technology. In this article we'll discuss Software-as-a-Service (SaaS) and how to incorporate SaaS to offer Payment-as-a-Service.
Four Keys to Adding Payments to Your Software Platform
Feb 11, 2016 by Jeremy Almond
It’s been said that “software is eating the world” - and it’s true. Software platforms for businesses (aka B2B software platforms) are proliferating at an accelerating rate, serving a dizzying array of business needs including accounting, project management, time tracking, billing, CRM, and many others. Developers are racing to fill the needs, creating broad-based “generic” platforms as well as highly specialized tools that cater to the specific needs of particular industries. So whether a company sells organic beverages to corner groceries or horse feed for thoroughbreds, there are probably multiple tools available to help them to better manage their business. The abundance of tools creates an imperative for platform providers to continuously add new capabilities to deliver value to their users. Increasingly, B2B software platform providers are turning to payment services as a key area of innovation.