Cambridge Mercantile Group

Cambridge Mercantile Group
Beanworks Solutions

Beanworks Solutions

December 12, 2013 09:00 ET

Cambridge Mercantile Group Partners with Beanworks Solutions to Provide Complete Automated Solution from Purchase to Payments

Global payments firm teams up with cloud-based AP provider

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 12, 2013) - Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, and Beanworks Solutions, a leader in cloud-based accounts payable automation, today announced a strategic partnership to provide corporate customers with an end-to-end automated solution for processing purchase orders through to electronic payments.

The partnership will provide customers with a single integrated offering combining the BeanworksAP automated payables solution with Cambridge's ezPay+, a superior online solution for international corporate FX payments. Secure and reliable, ezPay+ is the most recent addition to the full suite of payment and FX tools available on Cambridge Online.

"Accounting just evolved for mid-size companies everywhere. Cambridge and Beanworks have combined two robust solutions and are the first to provide customers with a true end-to-end procure-to-pay solution with highly configurable workflow," stated Catherine Dahl, Chief Executive Officer, Beanworks Solutions. "Our customers will be able to streamline and automate their entire purchasing and payment process, while keeping their existing approval processes and realizing significant efficiencies."

"We look forward to working alongside Beanworks Solution, a company that has a loyal following within the cloud-based market," said Gary McDonald, Managing Director of Corporate Developments and Partnerships, Cambridge Mercantile Group. "This partnership was founded on our determination to bring the most cutting-edge and versatile payments solutions to our clients. Our award-winning and highly regarded payments platform is complemented by the sophisticated accounting software designed by Beanworks and we can now offer them together all-in-one."

About Cambridge Mercantile Group

Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion annually. For more information, visit www.cambridgefx.com.

About Beanworks

Since 2008, Beanworks Solutions Inc. (formally Bean Services) has been helping customers by making accounting easier and more enjoyable while saving them money at the same time. Our cloud-based AP automation solution is streamlined and paperless, easy to implement, flexible and user-friendly, and easy on the eyes. BeanworksAP 4.0 is the first solution to offer true multi-entity capability - providing users a convenient, single access point to process invoices across multiple locations, entities and even business units. We believe in customer-driven design and work closely with our users on all new features and enhancements. Based in Vancouver, Canada, we've built long-term partner relationships with our customers across North America by providing responsive one-to-one customer service. For more information, visit www.beanworks.com.

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