Quadient Acquires Beanworks, Accounts Payable Automation Firm

Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, announced the signing of a definitive agreement to acquire Beanworks, a fast-growing market leader specializing in Software as a Service (SaaS) Accounts Payable Automation solutions.

Beanworks was founded in 2012 and is headquartered in Vancouver, Canada. A highly performing FinTech with an attractive SaaS recurring revenue model and a track record of high double-digit annual revenue growth, Beanworks supports the accounts payable processes of nearly 800 customers that, combined, currently process more than €11.9 billion a year through the platform.

Beanworks’ state-of-the-art cloud platform continues to collect industry and user awards for its completeness and ease of use. Featuring native integration with today’s most popular accounting software, including Intuit QuickBooks, Sage Intacct, Oracle NetSuite, Xero and Microsoft Dynamics, the platform enables accounting teams by automating error-prone manual processes like data entry and approval follow-ups, reducing risks and cutting invoice processing costs by more than 80% … (click to read more)

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