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11/10/2021

The Three Reasons Why Businesses Still Use Paper Invoices

PYMNTS.com

Growth of automation in the accounts payable space was fairly haphazard until recently, but with the coming of the pandemic, the concept has gotten a lot of traction. Businesses, no matter how big or small, need to get paid, and if writing a check and depositing it in the bank is no longer an option, then an alternative must be found.

The advent of remote work and the sudden urgency for a solution that can help businesses get paid without processing checks in the office has been good for Beanworks. The company sells accounts payable (AP) automation software infused with artificial intelligence (AI) to process invoices and get them approved and paid faster.

“Accounting teams usually always worked in an office,and almost never at home,” said Beanworks Co-Founder and CEO Catherine Dahl in an interview with PYMNTS’ Karen Webster. “That is what’s triggered the most recent wave of people interested in this.”

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