Paystand Blog

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

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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.

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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.

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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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It's The End Of Interchange As We Know It (And I Feel Fine)

Jun 9, 2021 by Mark Fisher

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― Buckminster Fuller

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What is the Paystand Bank Network?

Nov 13, 2019 by Eduardo Lopez

The Paystand Bank Network allows you to move money electronically without paying any transaction fees. Paystand covers over 90% of the US banking market and 98% of all commercial accounts, making it the most complete digital payment network available to businesses today.

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100,000 Thanks and A Look At Our Fintech Advisory Council

Oct 10, 2019 by Mark Fisher

Our mission at Paystand is pretty straight-forward (but certainly not easy): reboot the broken financial system. Since we started chipping away at this audacious goal nearly 5 years ago, we've built truly innovative technology, forged deep customer relationships, and most importantly, started a movement toward a more open financial system that provides businesses with greater control over their capital. Today, we’ve got a few updates on how we’ve been delivering against that mission. Since raising our Series A, we’ve quickly become the fastest growing commercial payments platform. Over 100,000 businesses are now paying through the Paystand Bank Network, eliminating millions of dollars in transaction fees.

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

Sep 4, 2019 by Eduardo Lopez

Paper checks are one of the most costly ways to collect payments. Many businesses think getting paid by check is free, but check use come with labor costs and processing fees. In 2018, 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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