Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why You Need an Accounts Receivable Process Flowchart
Feb 28, 2024 by Zazil Martinez
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. An accounts receivable flowchart visually represents the collection process, highlighting areas of inefficiency and opportunities for automation. Accounts receivable flowcharts are excellent for helping accounts receivable departments to visualize their processes. They often help pinpoint which areas are ripe for automation or improvement. Not only can they effectively keep your team on the same page and train new employees, but they can also help you see areas of inefficiency.
How to Find the Best AR Automation Software for Your Business
Feb 23, 2024 by Zazil Martinez
Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past. The best AR automation software offers a solution that automates and optimizes accounts receivable management. This lets finance professionals focus on strategic initiatives rather than mundane administrative tasks. But with so many available options, choosing the best AR automation software can be daunting. Here's a comprehensive guide on what to look for to select the best one for your business.
Top Challenges Accounts Receivable Teams Face and How to Solve Them
Feb 20, 2024 by Zazil Martinez
In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers. A weak accounts receivable management process can cause several other unintended consequences, including:
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The Future of Payments is Here With the Paystand Bank Network
Aug 2, 2023 by Zazil Martinez
Introducing the Paystand Bank Network: a game-changer for B2B transactions. It's fast, secure, and completely fee-free. Say goodbye to delays and extra costs. With Paystand, businesses can enjoy seamless, efficient, and secure payments. Discover how this innovative approach is transforming the way we do business.
4 Benefits of Payments-as-a-Service
Jul 26, 2023 by Zazil Martinez
Payments-as-a-Service is a game-changing approach for B2B transactions. PaaS is the perfect solution for businesses seeking faster and more efficient payment systems. Now you can break free from the limitations of traditional applications and paper-based methods.
Attracting Merchants with PaaS Solutions
Nov 1, 2022 by Sage Thee
First things first, what is Payments-as-a-service (PaaS)? PaaS upends the traditional fee-based payment model, utilizing a subscription-based software model instead. That means you pay a flat monthly rate to use PaaS software instead of losing a cut of every transaction to processing and transaction fees.
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