Beanworks Blog
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Accounts Payable 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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Accounts Payable 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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Accounts Payable Automation
Beanworks Launches Approval Channel Delegation
Estimated reading time: 1 minute, 30 seconds. In order to enrich its existing approvals process for accounts payable (AP) teams ...
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Accounts Payable 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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Accounts Payable 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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Accounts Payable Automation
Common Accounts Payable Risks and How to Reduce Them
Reading time: 4 minutes, 49 seconds Last year, PwC uncovered a $7.4 billion accounting fraud in Steinhoff, a global retail ...
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Accounts Payable 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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Accounts Payable 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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Accounts Payable 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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Accounts Payable 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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Accounts Payable 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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Accounts Payable Automation
Start Managing Multiple Entities in Your Accounts Payable Solution
When does multi-entity accounting become a necessity for an organization? Multi-entity accounting practices predominantly apply to complex businesses that operate ...
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Accounts Payable Automation
Bringing Accounting Innovation to the Hospitality Sector
Managers in the hospitality industry have so many competing demands on their time and attention, that it’s difficult to see ...
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Accounts Payable Automation
Making Data-Driven Financial Decisions for your Business with Accounts Payable Automation
Does your accounting team fill a strategic role at your company? From a survey of business leaders in the UK, ...
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Accounts Payable Automation
Work Smarter, Not Harder with Accounts Payable Automation
Accounting teams across the globe are consistently under-served by antiquated technology, most of which is decades old. They are asked ...
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