Beanworks Champions Gender Diversity As Strategy for Business Growth

News & Updates

Vancouver, BC – September 18, 2018 – Beanworks, an accounts payable (AP) automation company is charting a path of leadership in the fintech industry by championing a culture of diversity and inclusion. They are pleased to announce the closing of a $10.1 million Series B funding round. Beanworks CEO, Catherine Dahl, credits her company’s inclusive…

Beanworks Teams with NetSuite to Give Customers Delightful Accounts Payable Automation

NetSuite

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…

Why Accounting Firms Need to Look Ahead to the Digital Future

Reports & Surveys, Xero

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…

Make Sure Your Hospitality Accounting Processes Have Room to Grow

Accounts Payable Automation, Hospitality

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

ePayments

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

Accounts Payable Workflow, Reports & Surveys

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

Accounts Payable Workflow

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

ePayments

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…