Beanworks Blog
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AP Automation
Numbers Don’t Lie…Or Do They?
It’s easy to amass information. In fact, these days we’re inundated with it from all directions. The challenge for companies is to ensure that it is accurate and that they know how to transform it into actionable insight.
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AP Automation
Thinking of Automating? The Barriers Aren’t As Big As You Think
There are a few common questions that companies have about potential barriers to digital transactions, but a closer look reveals that they aren’t the hurdles they are perceived to be.
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AP Automation
The True Cost of Manually Processing Invoices
Even in the best of times, it is vital for organizations to keep a close eye on their operating costs. It’s even more important when the economy seems volatile.
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AP Automation
Want To Stop Chasing Invoice Approvals? Here’s How Automation Makes It Possible
Innovation and necessity are driving businesses to adapt how they approach procedures like accounts payable. Here's how that impacts your AP approvals.
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AP Automation
Let It Flow: How AP Automation Helps Liquidity
Automating your accounts payable process can be your secret weapon, giving you the means to achieve the ideal balance when it comes to your business’ money.
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AP Automation
Guardians of the Budget: Transforming Accounts Payable Into Revenue Heroes
Wasting money is like kryptonite for running a successful business. The good news is, there are simple steps you can take to transform your AP team into revenue heroes and keep your company financially strong.
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AP Automation
Making a Business Case for AP Automation
Building a robust argument for AP automation is easier than ever. Here is each factor that can help establish the financial basis for making the change.
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AP Automation
Want to Get Financially Fit? Your AP Needs To Develop These 3 Habits
Building a healthy accounts payable department is a bit like developing a good physical fitness regimen. You have to develop the right habits and put them into practice.
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AP Automation
What Can We Learn From These Notorious Financial Scams?
71% of 600 finance professionals in North America say that lack of visibility in the payables process left their department open to fraud during this time of uncertainty.
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AP Automation
Aiming for AP Success? Automation Can Help You Hit a Bullseye
Companies are increasingly moving to automation when it comes to accounts payable. Here are 8 ways automation helps you hit your AP targets.
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AP Automation
Three KPIs Your Finance Department Needs in 2022
If the DPO is too high, it indicates that your business is paying vendors late; if it’s too low, you may not be taking sufficient advantage of the credit terms.
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AP Automation
Why 2022 is The Year to End Manual Data Entry
Manual data entry and coding was one of the top three pain points for finance professionals in 2021. To help finance teams spend less time on the manual routine Beanworks developed artificial intelligence (AI) to further enhance its existing data capture functionality.
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AP Automation
Accounts Payable Trends That Will Shape 2022
Moving forward, managing supplier relationships and streamlining AP operations will be key to protecting the supply chain. Automation of the AP process provides tools that facilitate faster payment, such as custom approval workflows for invoices and the ability for payments to be released either individually or in batches.
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AP Automation
An Accountant’s Guide to AP Automation
One of the primary problems that accounts payable teams face is that they get stuck playing the waiting game when it comes to approvals. According to Levvel research, 37% of AP employees faced challenges getting invoices signed off on time due to remote work over the last year.
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AP Automation
Why Organizations Can’t Afford to Ignore the Demand for Digital Payments
44% of finance professionals revealed that finding a way to make electronic payments is a top priority for their team. Organizations that have implemented digital payment methods are realizing efficiency and cost benefits, as well as improved vendor relations.
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