Beanworks Blog
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Future of Accounting
Four Skills All Accounting Professionals Need in a Post-Pandemic World
One in three businesses are struggling to find skilled talent. In a recent report, 96% of finance leaders said it’s very or somewhat challenging for their company to find skilled professionals right now.
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Risk
Watch Out Business Owners: Accounting Scandals Are Getting More Sophisticated
For too long, businesses have held auditors responsible for finding financial red flags. But with only 4% of fraud cases being detected by auditors, it may be time for organizations to shift gears and focus on internal controls instead.
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AP Automation
Beyond Manual Data Entry – How AI is Giving Accountants More Time Back
The latest addition to this AI-backed feature-set is a tool called Line Item Capture, which further simplifies invoice data entry by extracting line item information, such as descriptions, unit costs, and quantities with 99%+ accuracy.
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Accounts Payable
How To Perform a Health Check On Your Accounts Payable
Research has found that following up on invoices is a lengthy process, which can take up to 20% of a typical AP clerk’s time. Calculating exactly how much time your business spends on approvals can help you identify bottlenecks slowing you down.
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Customer Stories
“We don’t keep physical invoices in the office anymore” – How U-Pak’s AP Team Went Digital With Beanworks
U-Pak decided it was time to modernize their accounts payable (AP) system to make invoice processing more streamlined. By digitizing their filing cabinet, the team can access invoices at any time from any location.
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Risk
When Crisis Strikes, Resilient AP Systems Are Crucial
While the pandemic has accelerated the need for businesses to prepare for uncertainty, arming your AP team with the right technology ensures your finances are a lot more secure.
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ePayments
How To Choose The Right Payment Method For Your Business
There are now many different payment methods to choose from. How do you find the one which is best for your company?
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Customer Stories
How America’s “Best Small Airport” Took Off With Beanworks AP Automation
As Huntsville has continued to attract a highly-skilled workforce, it became apparent for HSV to help their accounts payable (AP) team transition from a manual, outdated system, to a more dynamic model.
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AP Automation
5 Signs You’ve Outgrown Your Accounts Payable Process – and What to Do Next
For accountants, getting an invoice approved on time or paying vendors before a looming deadline is always a clear win – but for most finance teams, the reality isn’t that simple. Here are five signs to check whether or not your AP process is working for your business.
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Customer Stories
How One Construction Company Freed Up 75% of Their Bookkeeper’s Time
A majority of Cook Bonner Ebeling Construction's staff works from different sites 90% of their time. In the past, managers mostly visited the office to code invoices. Now, they can just do it on their iPad.
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Customer Stories
‘No More Wasted Trees and Ink’ – How Oklahoma Housing Finance Agency Saved Time and Money with Beanworks
As their cabinets filled up with paper, it was time to address these old processes and look for a better way of doing things.
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Future of Accounting
These AI Products Are Changing The Face Of Accounting – Which Ones Will You Adopt?
Accountants that were once considered “number-crunchers” are starting to use AI for actionable, business-critical insights, and strategic planning. There’s a lot to uncover in this exciting space.
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Product Updates
Keep Invoice Approvals Moving – Even When Managers Are Out-of-Office
Beanworks’ approval channel delegation feature allows businesses to transfer approval authority to another colleague – either temporarily to cover a vacation or leave, or permanently. This helps eliminate delays in paying vendors.
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Customer Stories
“I call it magic!” – PETA Foundation on How Beanworks Transformed its AP
PETA Foundation was running into delays using different systems to operate their AP. Learn how Beanworks has accelerated invoice and payment processing, giving the accounting team more time for bigger tasks.
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Customer Stories
Radisson Blu Minneapolis Downtown: ‘Everything a Controller Needs is Right There on the Same Screen’
The AP teams at these Radisson hotels were still dealing with a time-consuming paper-based process for approving invoices. With part of their team working remotely, they urgently needed to find a quicker way of getting invoices through the system.
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