But at the same time, executives increasingly expect strategic insights from financial professionals. They want to know how their business can invest in low-cost opportunities to become more profitable and improve cash flow management. There is also more demand from vendors for electronic payments these days. It is difficult to keep up with all that when your staff are mired in time-consuming manual work.
When it comes to electronic payments, you can digitize the process with Beanworks AP automation. Vendors submit an invoice directly to Beanworks via a dedicated email, and from there, data extraction takes place in the cloud. Finance teams who sync all workflows with Beanworks can get a clear overview of their finances and experience fewer errors as information automatically matches, such as purchase orders and invoices.