Are payment delays slowing down your business? Move to the fast lane.
Manual, legacy payment processing leaves your business stuck with the problems of punitive transaction fees, chargebacks, high overhead costs, and long collection cycles that slow access to cash.
Rising Fees
Per-transaction processing fees mean that when your revenue grows, so do your costs. Variable cost structures are roadblocks to your company’s ability to grow, scale quickly, and forecast its future finances.
Rising Fees
Per-transaction processing fees mean that when your revenue grows, so do your costs. Variable cost structures are roadblocks to your company’s ability to grow, scale quickly, and forecast its future finances.
Uncollected Balances
Optimizing the payment and collection processes can help you reduce lost revenue from uncollected bills, enabling you to lower the bad debt burdens that have become a leak in your revenue stream.
Poor Cash Flow
Cash is the fuel that powers your business. As a business grows, payment processes that don't keep pace lead to longer days sales outstanding (DSO) and poor cash flow. When your business needs access to capital, the trickle-down effect of delayed cash flow slows the business cycle. Faster payment capture improves forecasting and gives your business quicker access to funds for hiring critical personnel and expanding your business.
Manual Processing Risk
Manual processing adds time, inefficiency, and potential for fraud and costly human error to the payment process. AR teams waste 200 hours a year on manual processes and they don’t even realize it. The time required to process payments by hand limits real-time visibility into cash positions and takes accounting teams away from higher-value tasks like predictive analytics that can provide valuable insight into the business.
Ballooning Staffing Costs
Staffing requirements in the order-to-cash process – from managing orders through invoicing, processing customer credit, processing payments, and managing collections – vary widely among companies, sometimes twenty-fold. Automating payment processing, collections management, and invoicing can help firms control and stabilize staffing costs for these functions.
Ballooning Staffing Costs
Staffing requirements in the order-to-cash process – from managing orders through invoicing, processing customer credit, processing payments, and managing collections – vary widely among companies, sometimes twenty-fold. Automating payment processing, collections management, and invoicing can help firms control and stabilize staffing costs for these functions.
Ballooning Staffing Costs
Staffing requirements in the order-to-cash process – from managing orders through invoicing, processing customer credit, processing payments, and managing collections – vary widely among companies, sometimes twenty-fold. Automating payment processing, collections management, and invoicing can help firms control and stabilize staffing costs for these functions.
Payments-as-a-Service turbocharges your AR department.
Payments-as-a-Service eliminates transaction fees and delivers efficient, modern payment processing through blockchain-based services for a flat-rate monthly subscription.
No additional personnel or costly equipment purchases are needed, which allows your accounting team to focus on high-value analytics that help you navigate business challenges, seize opportunities, and drive growth.
Control Fees
Reduce chargebacks, eliminate credit card processing fees, and move away from inefficient paper checks with fast, low-cost digital payments. A renewable energy company used Paystand to reduce transaction costs by 51 percent.
Scale for Growth
By automating payment solutions across borders and enabling customer self-service payments, companies can grow payment processing without adding headcount. Payments-as-a-Service helped a cloud computing pioneer double invoice volume without materially growing headcount.
Reduce Overhead
Bring down high AR overhead costs and speed the payment process by replacing time-intensive manual processes with digitized invoicing and processing. A food and beverage company reduced AR overhead by 30 percent.
Leverage Blockchain Security
Blockchain-based, real-time verification of payments provides fast, secure, digital money movement. Find out how the Assurety blockchain creates an unalterable record for each transaction processed.
Eliminate Costly Bank Transfer Fees
Replace costly wire transfers with zero-fee direct bank payments and increase visibility into cash flow. A technology leader in the media and entertainment industry drastically reduced bank fees by implementing digitized bank transfers.
Speed Up Time to Cash
Provide flexible payment options and customized billing for specialized clients to make payments easier to collect, accelerating your time to cash. An agricultural wholesaler converted , 60 percent of its paper check to online payments in just its first three months, speeding the company's access to cash.