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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Journey to Zero
Sep 2, 2022 by Izzy Howell
Paystand’s Journey to Zero is the culmination of our mission to build a next-gen payments structure — one that helps businesses break free of the legacy payments model by:
Paystand Named to Inc. 5000 Fastest-Growing Companies for Third Straight Year
Aug 22, 2022 by Izzy Howell
SCOTTS VALLEY, Calif. – Aug. 22, 2022 – For the third straight year, Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, has been named to the Inc. 5000 list of fastest-growing companies. With a growth rate of 876% over three years, Paystand’s momentum has continued to accelerate with its acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The new combined company has become 2022’s fastest-growing DeFi fintech unicorn.
Welcoming Yaydoo to the Paystand Team, and why this Fusion of Companies Offers Businesses Optimism Amid Economic Uncertainty
Aug 3, 2022 by Jeremy Almond
(hint: by enabling faster and cheaper access to much-needed working capital across US and LATAM, this deal unifies AP, AR, and Payments across all of the Americas, over the largest commercial blockchain network, bringing radically better economics and efficiencies to more businesses around the globe)
The Paystand Ethos
Jul 19, 2022 by Sage Thee
Paystand was born in 2013 from one singular, seemingly crazy idea: to rebuild the commercial finance system from the ground up. After witnessing the worst of the Great Recession between 2007 and 2009, co-founder and CEO Jeremy Almond set out on his mission to reboot our legacy payment system. Why? It’s simple — he didn’t want anyone to experience what his family and millions of other Americans went through in those tumultuous two years. So, together with his friend Scott Campbell — our other co-founder and Head of Solutions & Services — the two of them set out to build a better commercial financial system with no fees, no paper, and an open industry. Who says you shouldn’t start a business with your friends?
Paystand Launches the World’s First AR-Centric Dynamic Discounting Application, Powered by Blockchain Smart Contracts
Jul 18, 2022 by Sage Thee
Scotts Valley, Calif. – July 14, 2022 – Paystand, the leader in blockchain-enabled B2B payments, today launched the world’s first dynamic discounting application designed for seller accounts receivable (AR) teams and powered by Ethereum smart contracts. This is the first solution to enable seller AR teams to offer buyer accounts payable (AP) teams dynamic early payment discounts. Early payment discounts incentivize buyers to pay sooner and give Paystand AR teams earlier access to cash, reducing days sales outstanding (DSO). More than 400,000 buyer AP teams using the Paystand payments network can start reaping the benefits of early pay discounts and faster payment using blockchain-powered smart contracts technology.
Paystand's DeFi Corporate Card Media Round Up
Apr 5, 2022 by Sage Thee
We recently launched our DeFi Corporate Card, offering increased spend management tools and native Bitcoin rewards on every dollar you spend. Our CEO and founder, Jeremy, wrote an excellent tweet thread about it:
Paystand Announces Gold Sponsorship of SuiteWorld 2021
Oct 5, 2021 by Mark Fisher
Blockchain-enabled B2B payment leader to participate in the 10th annual conference for NetSuite customers and partners
Our Series C and How We’re Building the Future of Commercial Finance
Jul 26, 2021 by Jeremy Almond
On Friday, we announced our $50-million Series C round of funding. We’re thrilled to add incredible new investors like NewView Capital, SoftBank’s Opportunity Fund, King River Capital, Transform Capital, and Industrious Ventures as long-term shareholders who will be joining us on our mission to reboot commercial finance, starting with B2B payments. But, beyond a funding announcement among numerous capital raises in the tech industry, I wanted to take a moment to share what this means not only for Paystand, but for the vision behind our commitment to building an open commercial finance industry.
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.