Beanworks Blog
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AP Automation
86% of Accounting Teams Rely on Invoice Data Entry – When They Don’t Have to
A full adoption of automation for Accounts Payable processes not only saves time and money for SMEs. It also helps finance teams make better strategic decisions that help grow their organization.
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AP Automation
Accounts Payable Automation for Property Managers
With the projection of the global property management market expected to expand to $23.63 billion by 2026, property managers need to prepare to scale. Here are top reasons why eliminating paper, and automating AP can transform the workflow.
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AP Automation
Top 5 Key Performance Indicators for Accounts Payable Departments
It can take up to 25 days for invoices to be approved. However, organizations with more mature AP processes are able to shrink this time down to 3-5 days.
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AP Automation
Invoice Approval Process Best Practices to Modernize Your Accounts Payable
Practices such as having the same person approve invoices and payments can make it easier for any business to fall victim to fraud. After setting up approval channels for thousands of AP professionals, we recommend these best practices.
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AP Automation
Fast-Track Accounts Payable Invoice Uploads from Gmail With One Click
Beanworks has launched a Gmail plugin that captures an invoice sent in the email body, converts it to PDF, and ...
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AP Automation
8 Benefits of Accounts Payable Workflow Automation
AP Automation or accounts payable automation is the technology that uses a digital system to reduce manual and repetitive tasks such as data-entry and writing checks.
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AP Automation
Getting Ready for the Digital Payments Phase
Payments trends from the past decade indicate that businesses are turning away from checks. According to the Association for Financial Professionals, 81% of B2B organizations used checks in 2004. In 2019, this was down to an all-time low of 42%.
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AP Automation
The Most Important Reason to Automate Payments Now
Estimated reading time: 3 minutes, 35 seconds A funny thing happened while I was writing this article. While I conversed with ...
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AP Automation
How Much Does It Really Cost to Process an Invoice?
Reading time: 4 minutes, 24 seconds As the current crisis unfolds, many businesses are looking at solutions that will help ...
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AP Automation
Common Accounts Payable Risks and How to Reduce Them
In 2018, 82% of financial professionals in North America reported to have experienced attempted or successful payments fraud – a 20% increase from the previous four years.
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AP Automation
The Top 4 Accounting Processes to Automate
Reading time 9 minutes, 23 seconds Optimize These Four Accounting Workflows to Save Costs Accounting has traditionally been heavily reliant ...
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AP Automation
Beanworks Named Top Performer in the Winter 2020 Accounts Payable Software Customer Success Report
Beanworks has been named a Top Performer in the Accounts Payable Software category for the Winter 2020 Customer Success Report ...
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AP Automation
How Mature is Your Organization’s Accounts Payable Process?
Would you say your organization relies heavily on manual data entry and routing processes, and experiences high paper invoice volume? ...
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AP Automation
6 Accounts Payable Pains and How to Eliminate Them
If you have worked in a finance role of any capacity, you know how much time and effort can be ...
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AP Automation
How to Build a Business Case for AP Automation
Is your company’s Accounts Payable (AP) function performing as well as it could? According to a recent study, over 60 ...
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Discover how AP automation can free your accounting team from manual data entry, delays, and paper-based processes.