Beanworks Appoints New President

News & Updates

Vancouver, BC, December 15, 2017 – Today, Beanworks Solutions Inc. proudly announced the appointment of Karim Ben-Jaafar as the company’s President. Ben-Jaafar joined Beanworks in April as the Chief Growth Officer, and has helped it flourish into a high-growth technology firm (named #12 of the 100 fastest growing companies in B.C. by Business In Vancouver)….

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…

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…

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…

Beanworks Mobile App with Invoice Approval and Upload – Download Now

News & Updates, Product Announcements

Download here: Google Play / Apple Store With the mobile app, Beanworks customers can now upload and approve invoices from anywhere in the world on their smartphones. The app provides a mobile-first experience, that makes processing invoices easier than ever. The Beanworks mobile app is an extension of our cloud-based web application, and uses our secure API…

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…

Bringing Accounting Innovation to the Hospitality Sector

Accounts Payable Automation, Hospitality

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…