Technological disruption and adaptation can be difficult, particularly for those who work in traditionally regulated industries like financial services. However, Sage reports that an overwhelming majority of accountants (86%) are ready to embrace emerging technologies. In their recent survey, The Practice of Now, 700 accountants were surveyed about technological advancements in accounting and their outlook on…
Fatigue Science Achieves Full Visibility Across their Accounts Payable Workflow with Beanworks
Fatigue Science is an innovative company that uses biomathematical science and wearable technology to measure occupational fatigue. With their fatigue model, they track a variety of sleep factors, like quality and circadian rhythms, to predict how fatigue will evolve over time. For their clients, which include professional sports teams, heavy industry companies, and the military,…
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 to do more with less. With these pressures and the arrival of cloud computing, accounting teams are beginning to see that accounting workflows can be better optimized. Traditional, manual financial workflows are moving towards automation…
How Accounting Automation is Changing the Role of CFOs
Back in 2012, the ACCA (the Association of Chartered Certified Accountants) put out a report on the changing role of the CFO, which predicted CFOs would be spending “less time on recording and verifying the numbers, and more time making the data connections and explaining the number implications to the business – applying the finance…
5 Strategies Public Accountants Can Use to Speed Up Month-End
For public accountants, month-end is a stressful time, characterized by long hours of overtime and punctuated by last-minute scrambles for missing information. As a regular financial health check, the month-end close process is essential to businesses. It’s through this process that businesses reconcile, aggregate, and report on their financial information. However, 87% of accounting professionals…
New Integrations Rolled Out for Beanworks
Our product team has been busy over the last few months, adding new integrations to the Beanworks suite. We detail each of these new and upcoming integrations below: Northstar Integration Now Available We’re excited to announce that Northstar customers can now automate their accounts payable processes with Beanworks. Northstar supports the end-to-end business operations of a club and is…
What Automation Really Means for Accountants
Automation is not a new concept in accounting, but it’s often one that is viewed with some measure of skepticism. While the media is keen to push the concept of robot accountants taking over the industry, the reality is something quite different. With the advent of technologies like artificial intelligence, machine learning and robotics, we’ve…
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 as a conglomerate, parent company or holding company with several subsidiaries. But even businesses that operate as a single entity may have regional offices or segmented departments that are treated as separate entities by the…
Beanworks CEO Smashes Glass Ceiling to Secure Series A Funding
Vancouver, BC – Catherine Dahl is the CEO and co-founder of Beanworks, an accounting automation company whose innovative platform connects mid-sized enterprises from invoice to payment. Beanworks is now the beneficiary of $4.5M in Series A funding, led by Vancouver Founder Fund and TIMIA Capital. Revolutionizing the way companies manage their accounts payable workflows and…
Enhance the Payments Experience on QuickBooks Online
QuickBooks Online (QBO) was launched by Intuit in 2010 as a web-based accounting platform for small and medium-sized businesses, following on the strength of the on-premise version, QuickBooks Desktop. Two years later Intuit released a new version for the Canadian market, that offered tax code information specific to Canada. Then in 2013, Intuit announced that…