Beanworks Blog
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Accounts Payable
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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ePayments
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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CFO
How to Cut Costs & Keep Your Business Running During a Crisis
There's a couple of lessons we can learn from previous economic downturns and with the advice of experts like Matt, find our way forward into the future.
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News & Updates
Catherine Dahl, a Finalist for Person of the Year in 2020 BC Technology Impact Awards
Catherine Dahl was recently named a finalist in the 2020 BC Tech Association’s Technology Impact Awards’ Person of the Year ...
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Product Updates
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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Future of Accounting
Tips to Redesign a Business Continuity Plan That Has Everything But a Pandemic
Estimated reading time: 4 minutes, 49 seconds Even the most thorough business continuity and risk assessment plans could not have anticipated ...
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Cloud Accounting
8 Remote Tools That Are Here to Stay
Estimated reading time: 4 minutes, 45 seconds. The COVID crisis will draw a line between the time when digital transformation was ...
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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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Expense Management
Upload Expense Receipts On-The-Go. Auto-Reconcile Them In Real Time.
Your employees are going to love our expense management module – a new feature of the Beanworks system. No matter ...
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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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Cloud Accounting
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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Future of Accounting
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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Future of Accounting
5 Best Practices to Support Remote Work
Reading time: 6 minutes, 55 seconds Is “working from home” the new normal? We don’t know. But we are seeing ...
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News & Updates
Beanworks Leading the Way in Diversity and Inclusion
From left to right: Catherine Dahl, CEO and Co-Founder; Tracy Thompson, CXO; Tracy Huitika, VP of Engineering; and Meena Sandhu, ...
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Risk
5 Tips for Preventing Accounts Payable Fraud
What is AP fraud? Accounts payable (AP) fraud is one of the most common types of fraud exposing companies to ...
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Discover how AP automation can free your accounting team from manual data entry, delays, and paper-based processes.