Fatigue Science is a pioneer in occupational fatigue risk management and athletic sleep science and performance. The wearable technology they have developed quantifies fatigue based on objective data and provides specific insights into how fatigue currently affects workplace safety, performance, and productivity. Their clients include professional sports organizations, companies in construction and transportation, and the military.
As a Vancouver-based company founded in 2006, Fatigue Science has expanded geographically over the last decade, with three offices and 50 employees, most working remotely across North America. Looking at his growing team, CEO of Fatigue Science Sean Kerklaan saw a storm approaching in terms of their paper-based accounting practices, which were already a costly burden.
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Challenge
With a paper-based system, Fatigue Science also lacked clear tracking across the invoice approval process. In order to find out whether a particular invoice had been paid, Kerklaan would have to contact his accounting team at the Vancouver office, so that they could physically search through the filing cabinets to retrieve the invoice and check its status. Signing checks was another major hurdle, as the company’s second signing board member also worked remotely. Each unsigned check required couriering to get two signatures, and that back and forth could take a week or two, which was inefficient.
Decision Making
Implementation
Not only have their invoice processing costs been cut substantially, there have also been added benefits to company data security and disaster recovery. As a cloud solution, Beanworks makes security simple. “With our accounting software, we’ve invested so much money into redundancies, offsite backups, firewalls and all kinds of encryption problems,” Kerklaan explains. “I don’t have security issues anymore. I don’t have to worry about someone breaking into my office, or my office burning down. All I have to do is buy another laptop.” Best of all, the implementation process was simple and straightforward thanks to Beanworks’ dedicated Customer Success team. As Kerklaan notes, he has not seen this kind of improvement across any of their other tools.
Achievements
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