Beanworks Blog
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Accounts Payable
Companies Admit Their Purchase Orders System is Broken. Here’s What They’re Doing About it
60% of teams relied on improvised tools like Microsoft Office or emails to process purchase orders (POs) – but today, future-proofing AP teams have never been more eager to automate.
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Risk
2020’s Biggest Accounting Fails – And What We Can Learn From Them
Despite last year’s shocking headlines, accounting failures continued to happen – and we were taking notes. How many do you remember?
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Remote Accounting
Why AP Teams Will Continue Working From Home in 2021 – And That’s Okay
At the start of the pandemic, 88% of businesses worldwide made their employees work from home and many are still there. Accountants are unlikely to head back to the office. It is a challenge to process paper invoices and check payments when your team is at home.
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Customer Stories
Why the Association for Institutional Research (AIR) Ditched Manual AP for the Cloud
AIR uses Beanworks’ ACH system to make payments and it has cut down delays drastically. Their team is only spending 2-3% of their day on this workflow now.
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Accounts Payable
Accountants Are Returning “Back to Normal” And That’s a Problem
A survey conducted with 250+ CFOs during COVID-19 found that seven in ten accounting teams were spending 520 hours per year on manual accounts payable.
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CFO
Meet 2021’s CFO: A Data-Minded And Future-Forward Leader
We interviewed top finance professionals to understand how their role will evolve in 2021. From anticipating customer needs and keeping an eye on competition, to data-mining and analytics, here’s what these leaders had to say.
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Customer Stories
This Savvy Accounting Team Saved 3-5 Minutes in Processing Per Invoice
As Homepoint continues to grow, the amount of data the company has to process continues to multiply. Learn how they added unlimited users, customized approval channels and saved 3-5 Minutes in processing per invoice.
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Customer Stories
“Reconciling expenses now takes 30 seconds” – Athabasca Catering’s Expenses Transformation
Industrial caterers, Athabasca Catering were able to go paperless and simplify their expenses, PO and invoices processes with Beanworks.
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Customer Stories
Science World Uses Beanworks to Future-Proof its AP
Before switching to automation, Science World’s accounts payable (AP) was managed entirely on paper. “Physical invoices were taking up so much room that we were running out of office space."
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ePayments
The Game-Changing Cross-Border Payments Every AP Team Needs
The B2B cross-border payments market is predicted to reach USD $35 trillion by 2022. The partnership between Beanworks AP automation and global payments provider, Cambridge can help companies move in that direction.
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Accounting Software
Integrate Beanworks With Microsoft Dynamics GP For These Benefits
As more finance teams switch to electronic payments than ever before, here’s why you should consider Beanworks, which now integrates with Microsoft Dynamics GP.
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Customer Stories
‘We are now a 90% paperless company’ – How Everest Automated Its AP
Car maintenance company Everest Services Centre is 90% paperless thanks in part to automating their Accounts Payable (AP).
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Expense Management
It Takes Eight Days to Submit, Approve & Reimburse One Expense Report. Not Any More
AP teams are looking for simpler solutions to tackle their expense-related challenges. Using Beanworks' Expense Management, both staff and business can engage with each other dynamically through the cloud, rather than on paper. Here's how Beanworks can transform your expense management.
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Customer Stories
How Frenchman’s Creek Beach & Country Club Eliminated Duplicate Invoices in AP
Frenchman’s Creek Beach & Country Club’s paper-based system meant they had misfiled invoices and duplicated invoices, approval delays and staff bogged down with manual tasks. Here’s how they turned that around.
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Customer Stories
Book Depot Saves 73% of Time in Accounts Payable with Beanworks AP Automation
Book Depot's only AP employee was spending 95% of his time doing manual work such as data entry. Here's how he got more time back using Beanworks AP automation.
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