Beanworks by Quadient
Accounts Payable Automation for Accounting Teams
Case Study
Moving to AP automation provided the budgetary controls that Sorensen needed. Through Beanworks, the company gained the ability to track committed spend. They were also able to manage spending by department, project, or vendor.
Some of the biggest AP challenges for Magnum York were late payments, duplicate invoices and approval delays. Learn how they went from paying vendors 45-50 days late, to processing invoices the same week.
A lack of inter-connectedness between accounting systems forced one finance executive to spend hours doing check runs every week – a process that now takes less than 10 minutes after automation.
In March 2020, the Association for Institutional Research (AIR) had to adapt to a stark new reality. As with companies across the globe, they had to ensure business continuity while their small team (then just 30 people) could no longer go into the office.
Enforcing financial controls such as departmental budget spend can be hard when organizations rely on paper. But with AP automation software, finance chiefs can easily set such rules.
The AP teams at these Radisson hotels were still dealing with a time-consuming paper-based process for approving invoices. With part of their team working remotely, they urgently needed to find a quicker way of getting invoices through the system.
As for the pandemic and the transition to remote working, CSGA admits that the automation with Beanworks software was key to bettering its organizational capacity and financial system infrastructure.
Last year, the CSO celebrated its 125th anniversary bringing world-class musical productions to audiences both domestically and internationally. Yet as the organization continued to expand, the need to modernize became critical.
U-Pak decided it was time to modernize their accounts payable (AP) system to make invoice processing more streamlined. By digitizing their filing cabinet, the team can access invoices at any time from any location.
As Huntsville has continued to attract a highly-skilled workforce, it became apparent for HSV to help their accounts payable (AP) team transition from a manual, outdated system, to a more dynamic model.
A majority of Cook Bonner Ebeling Construction’s staff works from different sites 90% of their time. In the past, managers mostly visited the office to code invoices. Now, they can just do it on their iPad.
As their cabinets filled up with paper, it was time to address these old processes and look for a better way of doing things.
PETA Foundation was running into delays using different systems to operate their AP. Learn how Beanworks has accelerated invoice and payment processing, giving the accounting team more time for bigger tasks.
Prestigious golf course Minikahda Club was drowning in filing cabinets thanks to its manual accounts payable processes. Find out how they got back control thanks to Beanworks.
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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