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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How Do You Become Sage Intacct Certified?
Dec 20, 2023 by Kelsey Banerjee
With roughly 3,000 customers worldwide, Sage Intacct is one of the top financial management platforms for growing and mid-market companies. It's also one of the top options for teaching users how to master everything the platform offers.
Assessing the Health of your Accounts Receivable with Sage Intacct
Nov 24, 2023 by Zazil Martinez
In uncertain times, securing your Accounts Receivable is vital. Paystand integration with Sage Intacct offers crucial insights and metrics for AR health that help reduce operational costs by 50%.
The Future of Finance: Sage Intacct's AR Automation Revolution
Nov 22, 2023 by Zazil Martinez
CEOs face tech challenges streamlining operations. Paystand and Sage team up for a game-changing "Venmo-for-business" solution, using blockchain to simplify B2B payments. Say goodbye to high fees and old systems.
Unlocking Success: Sage Intacct Month-End Guide
Nov 17, 2023 by Zazil Martinez
Explore how Sage Intacct's reporting and integrations herald a new era of financial management. It offers a 79% reduction in close time and lays the groundwork for a closing process that redefines industry standards.
Supercharging your Sage Intacct Invoice-to-Cash Cycle with Paystand
Jun 17, 2023 by Zazil Martinez
The invoice-to-cash cycle is vital for businesses, but it can be time-consuming. This cycle affects cash flow, working capital, and efficiency, and any disruption can lead to late payments and cash flow issues.
Best Practices for Sage Intacct Payments
May 25, 2023 by Zazil Martinez
Traditional payment methods in today's complex business landscape can result in high costs, errors, and inefficiencies. However, the Paystand-Sage Intacct integration offers a game-changing solution. Optimize your business and boost its bottom line by adopting these industry-leading practices.
Setting Up Custom Invoice Workflows in Sage Intacct
May 10, 2023 by Zazil Martinez
Are you looking for ways to streamline your accounts receivable processes and save time for your team? Let us guide you through setting up a custom invoice workflow on Sage Intacct using the Paystand integration. From mapping out your ideal workflow to generating reports, we'll cover all the steps necessary to start.
5-Minute Guide to Reconciliation in Sage Intacct
Jan 31, 2023 by Sage Thee
Reconciliation 101 Payment reconciliation is a crucial step in the accounting process, ensuring company accounts are up to date and helping to uncover fraud, errors, and outstanding balances. Reconciliation gives you a comprehensive view of your company’s financial health, so you can forecast your cash flow and make insightful, strategic financial decisions.
How Professional Services Companies Can Increase Cash Velocity with Sage Intacct
Nov 3, 2022 by Zazil Martinez
It’s well known that the greater the variety of customers a company handles, the more elaborate the collection processes must follow. Professional Services companies (such as legal firms, digital marketing and advertising agencies, IT services and consulting, HR services, research, engineering, or another specialized service) face a more diverse mix of clients and projects –which leads to increasing billing and Accounts Receivable complexities.
Introducing our New and Improved Features for Sage Intacct Customers
Oct 21, 2022 by Sage Thee
We recently announced our latest upgrades to our Sage Intacct integration. Paystand’s improved Smart Lockbox and Payer Portal provide Sage Intacct users with enterprise-grade multi-entity support, automated collections, multi-invoicing, virtual terminal, and auto-pay.