Vancouver-based accounting software company, Beanworks, has boosted its offering for clients by incorporating the NetSuite systems into its lineup of financial system integrations. NetSuite ERP has built its reputation on helping organizations manage their finances from end-to-end As this has been one of Beanworks goals as well it seemed like a natural fit. What is…
Beanworks Launches QuickBooks ProAdvisor Partner Program
Today our team is excited to announce our QuickBooks ProAdvisor Partner Program! Folks have asked, have waited – and it’s finally here! Wanting to do this just right, we took our time to connect with our current partners and many QuickBooks ProAdvisors to see what mattered most to them when partnering with an app. This information helped…
Why Accounting Firms Need to Look Ahead to the Digital Future
Accounting software company Xero recently released its report on the digital accounting renaissance, and their findings suggest that for most businesses, going digital will soon be the only way forward. In their survey, “Digital or Die: The Accounting Renaissance,” more than 670 accountants and 1,000 small and medium enterprise (SME) owners were asked about their…
Lexington Country Club Streamlines their Accounts Payable Process and Approvals with Beanworks
Lexington Country Club is a private gated community located in southwest Florida, just a short drive away from sandy white beaches on the Gulf of Mexico and from the business and entertainment districts of Fort Myers. With more than 1400 residents living on the club grounds, staff at the club are kept very busy and…
Make Sure Your Hospitality Accounting Processes Have Room to Grow
In the hospitality sector, accounting roles in the financial back office are changing. With new technologies like automation, AI, and machine learning, manual processes are being increasingly managed through technological solutions. Soon, tasks like data entry and data processing will be handled entirely by software, rather than hospitality accounting staff, and already, many hotels, clubs…
Virtual Credit Cards Are the Modern Day Early Payment Discount
Early payment discounts are a time-honored tradition in business-to-business (B2B) transactions. Suppliers who offer these types of discounts win by getting paid faster, thereby improving their cash flow, and companies that are able to take advantage of these discounts get the cost savings. But are early payment discounts really the best way for businesses to…
New Report Shows the Average Organization Only Processes 64% of their Invoices Electronically
In a survey released by APEX Analytix last month, 170 companies answered questions about their specific accounts payable (AP) policies and practices. The Financial Leaders’ Benchmarking Report shared insights into how much AP has transformed globally in the last few years, and where it may be headed. First touching on invoice processing, the report showed…
Managing Accounts Payable for a Distributed Workforce
Remote working is not limited to startups anymore. Companies of all sizes are now seeing the benefits of flexible employee working arrangements. As of 2016, 43% of Americans surveyed say they spent at least some time working remotely last year, according to a recent Gallup survey. Why are companies going remote? There’s actually a long list…
The Biggest Barrier to Entry for Electronic B2B Payments in the US
Accounting teams across North America rely too heavily on paper checks as their primary form of payment to vendors. Not only does check processing involve plenty of manual work, but at high volumes check runs can be a large drain on a company’s resources and time. Electronic payments are a much-needed alternative to checks, but…
Bringing Accounting Innovation to the Hospitality Sector
Managers in the hospitality industry have so many competing demands on their time and attention, that it’s difficult to see where process inefficiencies exist. One area that often goes overlooked is the accounting department, a reliable mainstay in every hospitality business. Whether your accounting operations are centralized at a head office, or you have an…