It’s no secret that 2020 forced companies everywhere to reassess the ways they operate. Employees are leaving their jobs in record numbers. In the US alone, four million workers quit their jobs in April. There are several reasons why professionals across the globe are seeking a change, in what experts have dubbed the ‘Great Resignation. For some, that meant learning how to cope with an overnight shift to working remotely while simultaneously tackling acute economic strain.

No matter what your business experienced, one thing is definitely clear: the changes brought on by COVID-19 exposed weaknesses that many companies had previously been able to leave unaddressed. Now, in order to survive in this post-pandemic world and in order to guarantee sustained prosperity if another crisis comes along – CFOs have to bet on one thing going forward: automation.

Let’s take a closer look at what this means. While the past year has ushered in a digital-first transformation across financial organizations, there are still very few options available for automating Accounts Receivable (AR) tasks. Yet, AP automation is more than just wishful thinking. It’s absolutely imperative for ensuring that operations can continue to occur in remote environments.

Spending less time on manual data entry and chasing approvals has meant the finance team is now free to focus on more valuable tasks. This has also saved money as the staff is deployed elsewhere, instead of in-office. It is the increased visibility over the whole AR process which Dean Olevson really loves about Beanworks.

“Everything is right there,” Olevson explains. “Everything a controller need is visible on the same screen. The approval process is also excellent as it is so efficient.”