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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Knocking Down Barriers for a More Open and Equitable Financial Future
Jan 20, 2023 by Sage Thee
Here at Paystand, we believe that financial institutions have locked their customers into restrictive, expensive processes to collect and track revenue for far too long. These inefficient legacy operations result in time-consuming, costly, manual processes that cut into your bottom line.
Growing With Paystand
Dec 16, 2022 by Sage Thee
It’s been an eventful and exciting year here at Paystand. We’ve been growing at an unprecedented rate, sprinting toward Unicorn Status and expanding our mission. Here’s a quick rundown of what we’ve been up to:
Paystand’s 2022 New Feature Roundup
Nov 10, 2022 by Sage Thee
It’s been a year of exciting innovation here at Paystand, from our first-of-its-kind DeFi card we launched in March to our brand-new Next-Day Funds Availability feature. This guide will give you a comprehensive overview of each of our new features, as well as further resources to dig deeper.
Paystand Named a Fastest-Growing Private Company by Silicon Valley Business Journal Two Years in a Row
Nov 2, 2022 by Sage Thee
SCOTTS VALLEY, Calif.--Nov. 2, 2022--Paystand – the fastest-growing, blockchain-enabled B2B payments network – today announces that the Silicon Valley Business Journal has named it one of its fastest-growing private companies. Paystand placed third for the second consecutive year. The company has grown 876% year-over-year for the past three years, doubling annual revenues every year it’s been in business.
Paystand Network Now Makes Business Payments Available in One Day with Zero Fees
Oct 21, 2022 by Sage Thee
SCOTTS VALLEY, Calif., Oct. 21, 2022 -- Paystand, the leader in blockchain-enabled B2B payments, today announced that businesses can have access to their revenue next business day, and at zero cost by using the Paystand Network and the DeFi Corporate Card.
Paystand Sponsors Sage Transform 2022, Unveils New Features for Sage Intacct Customers
Oct 10, 2022 by Gary Malhotra
SCOTTS VALLEY, Calif.--Oct. 11, 2022--Paystand – the fastest-growing, blockchain-enabled B2B payments platform – today announced its Gold sponsorship of Sage Transform, Sage’s premier event for the Sage Intacct community of customers and partners. Sage is holding the event from Oct. 10 to Oct. 14 in Orlando, Florida – bringing together finance leaders and visionaries from across the globe.
Paystand Upgrades its Sage Intacct Integration, Helping Enterprise AR Teams Put Collections on Auto-Pilot and Accept Payments in a Flexible Manner
Oct 5, 2022 by Sage Thee
SCOTTS VALLEY, Calif.--Oct. 6, 2022--Paystand, the global leader in blockchain-enabled B2B payments, today announced a series of upgrades to its Sage Intacct integration. Paystand first unveiled its partnership with Sage in May 2021, expanding the reach of its Payments-as-a-Service model to Sage Intacct customers everywhere.
Product Feature: Announcing Next-Day Funds Availability
Sep 27, 2022 by Allison Steitz
Paystand's mission is to reimagine financial infrastructure in an effort to drive radically better economics for businesses globally. We carry out this mission through products and services that speed up time to cash, automate complicated billing processes, and eliminate transaction fees.
Paystand Announces SuiteWorld 2022 Gold Sponsorship
Sep 27, 2022 by Sage Thee
SCOTTS VALLEY, CALIF., SEP 27, 2022 – Paystand today announced it will be a Gold sponsor at SuiteWorld 2022, Oracle NetSuite’s largest celebration for customers and partners that takes place September 27-30, 2022, at the Caesars Forum in Las Vegas & On Air. This year's theme is “Full Suite Ahead,” with the conference promising four energy-packed days filled with networking opportunities and educational programming that will help NetSuite customers, partners, and developers discover new ways to leverage the full power of the suite.
Growing in a Bear Market: Hope and Opportunity Despite the Looming Recession
Sep 13, 2022 by Sage Thee
Amidst economic uncertainty, record layoffs, crypto market turmoil, and a looming recession, the current economic outlook is hardly optimistic. We're here, however, to offer some hope and shed some light on the opportunities just waiting for you to reach out and grab them.