Beanworks

OverviewSuggest Edit

Beanworks is a company that provides a cloud-based accounts payable automation solution. Its platform enables companies to eliminate paperwork and reduce invoice processing costs.
TypePrivate
Founded2012
HQVancouver, CA
Websitebeanworks.com
Employee Ratings4.6

Latest Updates

Employees (est.) (Sept 2021)99
Cybersecurity ratingAMore

Key People/Management at Beanworks

Catherine Dahl

Catherine Dahl

Chief Executive Officer, Director
Karim Ben-Jaafar

Karim Ben-Jaafar

CRO & President
Tracy Huitika

Tracy Huitika

CIO, Engineering & Data
Steven Lee

Steven Lee

VP of Finance
Meena Sandhu

Meena Sandhu

SVP of Growth
Peter Drummond

Peter Drummond

Vice President of Sales
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Beanworks Office Locations

Beanworks has an office in Vancouver
Vancouver, CA (HQ)
1159 Hamilton St
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Beanworks Financials and Metrics

Summary Metrics

Founding Date

2012

Beanworks total Funding

$12.2 m

Beanworks latest funding size

$7.7 m

Time since last funding

3 years ago

Beanworks investors

Beanworks's latest funding round in September 2018 was reported to be $7.7 m. In total, Beanworks has raised $12.2 m
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Beanworks Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Beanworks Online and Social Media Presence

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Beanworks News and Updates

FinTech startup Beanworks to be acquired by Quadient for $104 million CAD

Vancouver-based FinTech startup Beanworks is set to be acquired by French enterprise company Quadient for $104 million CAD ($70 million EUR). The all-cash deal...

Quadient Announces the Acquisition of Beanworks, a Leading FinTech in SaaS Accounts Payable Automation Solutions

Quadient Announces the Acquisition of Beanworks, a Leading FinTech in SaaS Accounts Payable Automation Solutions

Beanworks Announces New Feature to Automate Employee Expenses Processing for Remote Teams

The 'Expense Reimbursement' functionality removes the need for manual processing, allows employees to upload receipts on the go, and provides greater accuracy and transparency for finance teams

Beanworks Blogs

ICBA on AP Automation: “Things Don’t Slip Between the Cracks Anymore”

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 post ICBA on AP Automation: “Things Don’t Slip Between the Cracks Anymore” appeared first on Beanworks by Quadie…

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. Th…

Canadian Seed Growers’ Association Reduces Its Manual Practices – “Our Processes Are Almost Entirely Electronic”

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. The post Canadian Seed Growers’ Association Reduces Its Manual Practices – “Our Processes Are Almost…

Why Storing Paper Accounting Documents Doesn’t Work – and How to Fix it

When AP documents are not available at hand, accounting teams often face delays closing month-end, or rush to close the books without confidence. In a recent survey, 70% of finance leaders admitted that they’ve made decisions based on inaccurate information.  The post Why Storing Paper Accounting Do…

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%. The post Accountants, Meet Your New Best Friend – AI Data Cap…

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. The post The Case For Phasing Out Checks For Good appeared first on Beanworks by Quadient.
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Beanworks Frequently Asked Questions

  • When was Beanworks founded?

    Beanworks was founded in 2012.

  • Who are Beanworks key executives?

    Beanworks's key executives are Catherine Dahl, Karim Ben-Jaafar and Tracy Huitika.

  • How many employees does Beanworks have?

    Beanworks has 99 employees.

  • Who are Beanworks competitors?

    Competitors of Beanworks include AvidXchange, ONE PM and PaxFamilia.

  • Where is Beanworks headquarters?

    Beanworks headquarters is located at 1159 Hamilton St, Vancouver.

  • Where are Beanworks offices?

    Beanworks has an office in Vancouver.

  • How many offices does Beanworks have?

    Beanworks has 1 office.