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…
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…
Beanworks Receives IOFM Game Changer Award
This week the Institute of Finance & Management (IOFM) announced the winners of the first annual Game Changer Awards. This award program honors five best in class financial operations solutions. Beanworks is thrilled to announce that we have been chosen as one of the five winning solutions, alongside Canon Information & Imaging Solutions, AppZen, Tipalti, and Aquiire….
What You Should Add Now to Your QuickBooks Workflow
While Intuit QuickBooks has long been a trusted name among small businesses, a large proportion of mid-market businesses and large professional accounting firms are also familiar with this accounting software, as Intuit’s portfolio has expanded to include a wider array of products, including QuickBooks Online and QuickBooks Enterprise. As an accounting solution, QuickBooks helps organizations…
Automation is the Future of Property Management Accounting
Many property managers are overwhelmed by their day-to-day work and don’t have time left over to focus on growing the business. Instead, they do the best they can, using costly outdated or inefficient workflows to get by until they can’t anymore. While property management typically has not been a technology-driven industry up until now, there…
Property Managers: Start Scaling Your Accounts Payable Process
The property management industry is booming. There’s been a steady shift in urban markets across the United States that is driving rental demand—for both residential and commercial properties. Right now, approximately 45 million of US households are renters, which represents an increase of nine million households over the last 10 years. Not only is this…
Is Your Business Ready for Virtual Credit Cards?
How would you evaluate your current vendor payments workflow? If your business is still spending time printing and mailing your checks to pay your bills, then you’re missing out. Not only is in-house cheque printing time consuming, but it’s costly when you add in the price of postage, the materials, and all those hours lost…