London–UK, Quadient a pacesetter in serving to companies create significant buyer connections via virtual and bodily channels, nowadays introduced the release of Beanworks by means of Quadient in the UK (UK) and France. The main accounts payable (AP) automation resolution supplies accounting groups with a sooner, extra safe and more straightforward technique to approve invoices and pay distributors from any place.
Beanworks by means of Quadient has been rising in North The us since 2012, with companies now processing greater than €14 billion a yr in the course of the platform. The cloud-based AP workflow supplies a mess of advantages to accounting and monetary groups taking a look to simplify time-consuming bill control processing, cut back fraud dangers and set up AP with far off workforces.
The answer provides groups tough options akin to automated knowledge seize, multi-level bill approval channels and buy order matching. Customers additionally get pleasure from real-time standing updates on invoices, get right of entry to to AP inboxes, cost approvals and workflows that cut back the will for time drinking and error-prone knowledge access. The Beanworks AP resolution recently integrates with market-leading monetary tool together with QuickBooks, Sage 50, Sage 100, Sage 200, Sage 300, Sage Intacct, Microsoft Dynamics GP, Xero, and NetSuite.
Speeded up by means of the worldwide pandemic and the rise of far off paintings, the worldwide marketplace for AP automation is experiencing important expansion. Adroit Marketplace Analysis predicts the AP automation marketplace will achieve $4 billion by means of 2025. UK and French companies of all sizes are starting to replicate on some great benefits of digitising their monetary processes and moving to digital bills with the rising e-invoicing laws in those international locations.
“The release may be very well timed for midmarket accounting groups in those two new markets, as the United Kingdom not too long ago carried out digital invoicing law that calls for public firms to procedure virtual invoices, in addition to in France, the place a an identical mandate between taxable individuals will likely be enforced by means of 2024,” says Chris Hartigan, Leader Answers Officer, Clever Communique Automation, Quadient. “Taking into consideration the emerging call for for e-invoicing in those areas, we’re assured that the safe workflow automation we offer won’t most effective be recommended, but in addition indispensable to the accounting groups taking a look to digitise AP processes.”
Beanworks is a part of Quadient’s best-of-breed and cloud-based Clever Communique Automation answers portfolio, which additionally comprises Quadient’s YayPay accounts receivable (AR) resolution. Quadient’s complete SaaS AP/AR automation answers be offering a easy and entire technique to effectively cope with the rising e-invoicing laws and the rising call for for money waft control answers. Since obtaining Beanworks in March 2021, Quadient has considerably sped up its growth.
“As we make the Beanworks AP automation resolution to be had to UK and French shoppers, we proceed to advance our strategic ambition to transform a pacesetter in cloud-based trade communications and monetary processes automation,” added Geoffrey Godet, Leader Government Officer of Quadient. “Quadient’s mailing automation answers shoppers want to digitise their processes to paintings extra successfully and boost up bills, and with the combination of Beanworks in our cloud-based tool portfolio, our groups can now be offering a much wider spectrum of answers to assist companies of their virtual transition. We stay enthusiastic about keeping up our excellent momentum within the tool trade, concentrated on to succeed in an Annual Habitual Earnings of c. €250 million for our cloud-based tool answers by means of the tip of 2023.”
For more info about Beanworks by means of Quadient, seek advice from www.beanworks.com.
About Quadient®
Quadient is the motive force at the back of the sector’s maximum significant buyer reviews. Through specializing in 3 key resolution spaces, Clever Communique Automation, Parcel Locker Answers and Mail-Similar Answers, Quadient is helping simplify the relationship between other people and what issues. Quadient helps masses of hundreds of shoppers international of their quest to create related, personalised connections and reach buyer enjoy excellence. Quadient is indexed in compartment B of Euronext Paris (QDT) and is a part of the CAC® Mid & Small and EnterNext® Tech 40 indices.
For more info about Quadient, seek advice from www.quadient.com.
Contacts
Nicola Vandermeer, Quadient
Head of Advertising and marketing Communications (UK & Eire)
+44 (0)1708 361 747, Ext 4308
n.vandermeer@quadient.com
Gemma White, Finn Companions
Vice President
+44 (0)207 017 8421
quadient@finnpartners.com
