Beanworks Blog
-
Future of Accounting
Virtual Credit Cards and Your Business: Everything You Need to Know
Virtual credit cards are becoming increasingly popular. Here's what you need to know about how they work and their benefits.
-
Future of Accounting
Accounts Payable Trends That Will Shape 2022
Moving forward, managing supplier relationships and streamlining AP operations will be key to protecting the supply chain. Automation of the AP process provides tools that facilitate faster payment, such as custom approval workflows for invoices and the ability for payments to be released either individually or in batches.
-
Future of Accounting
Let’s Talk About the AI Takeover: Credible or Clickbait?
Today, 93% of CFOs are digitizing accounting operations. The pandemic is being used as a catalyst to overhaul age-old practices and 57% of CFOs say they are committed to complete transformation, rather than just making improvements through automation.
-
Future of Accounting
Why the Return to a “Hybrid” Office is a Good Sign for Finance Teams
Data from Google suggests that workplace activity in major cities including London, New York and San Francisco is 50% below its pre-pandemic level. With over 15 months spent working from home, the global workforce is calling for a solid work-life balance, as companies adjust to the new landscape.
-
Future of Accounting
Accountants, Meet Your New Best Friend – AI Data Capture
Beanworks’ AI-powered technology extracts invoice information, so accountants can skip coding line item details including descriptions, unit costs and quantities. It provides more than 99% accuracy and reduces data entry time by over 80%.
-
Future of Accounting
The Case For Phasing Out Checks For Good
Checks are still the primary payment method in B2B payments, accounting for 40% of all transactions. This stands in stark contrast to the digital experience today’s organizations are striving to build.
-
Future of Accounting
What Hybrid Work Means for Finance Teams
The accounting industry is on pace to make the transition towards the cloud. 42% of finance leaders say COVID-19 increased their company’s pace of AI adoption, and another 84% mention that automation helped them significantly during the pandemic.
-
Future of Accounting
Four Skills All Accounting Professionals Need in a Post-Pandemic World
One in three businesses are struggling to find skilled talent. In a recent report, 96% of finance leaders said it’s very or somewhat challenging for their company to find skilled professionals right now.
-
Future of Accounting
These AI Products Are Changing The Face Of Accounting – Which Ones Will You Adopt?
Accountants that were once considered “number-crunchers” are starting to use AI for actionable, business-critical insights, and strategic planning. There’s a lot to uncover in this exciting space.
STRAIGHT TO YOUR INBOX
Stay up-to-date on top accounting and finance trends
Sign up for our newsletter and receive our latest resources, news and insights.
Learn More About Beanworks
Discover how AP automation can free your accounting team from manual data entry, delays, and paper-based processes.
