SOURCE: SAGE

SAGE

November 16, 2016 09:00 ET

Sage partners with Beanworks to help Small & Medium Businesses automate their payables workflow

The Sage and Beanworks partnership will enable Small & Medium Businesses to improve efficiency and bottom line through accounting workflow automation

RICHMOND, BC--(Marketwired - Nov 16, 2016) - Sage, the market leader for integrated accounting, payroll and payment systems, has announced a significant partnership with Beanworks, an accounting workflow automation and payments provider based in Canada.

Sage selected Beanworks for its ability to deliver a service that helps businesses streamline their accounts payable (AP) workflow and bring more efficiency and cost savings to Sage customers' financial processes. Beanworks' AP automation delivers an end-to-end integrated solution to automate processing, approval and payment of invoices, providing an immediate effect on efficiency and bottom line. Beanworks' capabilities to handle multiple legal entities simultaneously, as well as its robust workflow and extensive choices for payment options position the solution as a leading AP automation partner.

Over 500 billion invoices enter into accounting workflows each year, and currently just 40 million are converted into a digital format. The remaining invoices are mostly approved and settled manually in paper form, leading to inefficiencies, errors and delays that are costly to businesses. The Sage and Beanworks partnership will help Sage customers take their business accounting efficiency and accuracy to the next level.

"Beanworks and Sage both share a common goal, and that is to empower accounting teams and businesses to succeed," says Catherine Dahl, Chief Executive Officer of Beanworks. "Our holistic approach to workflow automation and commitment to clients will enable us to ensure a successful partnership with Sage."

"This is a hugely important partnership for us," says Paul Struthers, EVP and Managing Director of Sage, Canada. "Our customers are always looking for ways to optimize and streamline their processes, and having Beanworks' solutions integrated into our business management portfolio of products will enable them to do just that."

Beanworks will become the AP automation provider of choice for Sage accounting and business management solutions, including Sage 50, Sage 100, Sage 300 and Sage 500.

Beanworks integration will be released over the course of 2017 for Sage solutions in Canada and the U.S. 

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About Sage
Sage is the market leader for integrated accounting, payroll and payment systems, supporting the ambition of the world's entrepreneurs. Sage began as a small business in the UK 30 years ago and over 13000 colleagues now support millions of entrepreneurs across 23 countries as they power the global economy. We reinvent and simplify business accounting through brilliant technology, working with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners and developers. And as a FTSE 100 business, we are active in supporting our local communities and invest in making a real difference through the philanthropy of the Sage Foundation.

Sage -- a market leader for integrated accounting, payroll and payment systems, supporting the ambition of the world's entrepreneurs. www.sage.com.

About Beanworks
Beanworks automates accounting workflow to empower accounting teams to succeed. From purchase order to electronic payment, Beanworks seamlessly integrates with your accounting software to offer cloud-based, cost-effective accounts payable process automation. Beanworks facilitates paperless accounting workflow that helps thousands of users manage accounts payable at a fraction of traditional processing costs while staying focused on strategic financial management and reporting. www.beanworks.com.

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