What Beanworks does

Beanworks is a Vancouver-based accounts payable (AP) automation vendor founded in 2012 that builds an AI-assisted invoice processing platform for mid-sized and growing businesses. The platform accepts invoices via email, scan, upload, or EDI, applies AI-driven data capture, validation, and duplicate detection (claiming 99% capture accuracy), routes invoices through configurable approval workflows with mobile approvals, and syncs bidirectionally with major ERP systems including Xero, QuickBooks, Sage Intacct, Oracle NetSuite, and Microsoft Dynamics. The product is currently marketed as 'Quadient AP' following integration into Quadient's broader customer communications and finance automation suite, with the parent website listing availability across roughly 20 countries including the US, Canada, UK, France, Germany, Nordics, Benelux, Iberia, Italy, Japan, and India.

The company serves over 2,100 finance teams across a diverse logo set that includes McDonald's, Hyatt Place, Radisson Blu, Amway, Plenty of Fish, RelaDyne, PETA, Homepoint, and Mission Construction, spanning food service, hospitality, direct sales, technology, energy, nonprofit, real estate, and construction verticals. Go-to-market is sales-led with 'Request a demo' as the primary call-to-action, supplemented by content marketing (case studies, ROI calculators, webinars, eBooks) and channel partnerships managed by a dedicated VP of Channel Revenue. Beanworks has been recognized as a Technology Leader in QKS Group's 2025 SPARK Matrix for AP Automation and as a Major Player in IDC's MarketScape for SMB AP automation.

Beanworks is a privately held, for-profit company that has raised approximately $12.3M across two reported funding rounds in 2017 ($4.5M co-led by TIMIA Capital and Rhino Ventures with Conconi Growth Partners) and 2018 ($7.79M led by FINTOP Capital with BDC Capital WIT Fund, BDC Venture Capital, and Pique Ventures). Leadership includes Catherine Dahl (CEO), founders Reza Sanaie (CTO) and Cory Cleaver (UX/UI), Karim Ben-Jaafar (President/COO), Tracy Thompson (CXO), Peter Drummond (VP Sales), and Tiffany Campbell (VP Channel Revenue and Business Development). Pricing is not publicly disclosed, and revenue/ARR figures have not been made available in the source material.

Name

Beanworks

Website

https://beanworks.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Beanworks is a Vancouver-based accounts payable automation vendor whose AI-assisted platform captures, validates, routes, and reconciles invoices for over 2,100 finance teams across mid-sized businesses in hospitality, construction, nonprofit, energy, and direct sales.

Ownership category

akta.pro rank

Product category

Accounts Payable Automation Software

NAICS

Software Publishers (513210), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Payroll Services (541214)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industries

Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC), Payroll Systems Administration & Implementation Support (HRIS/Payroll Platforms) (BPAAAHAJ)

Keywords

• Accounts payable automation
• Invoice processing software
• AP workflow management
• ERP financial integration
• Finance automation platform

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Beanworks provides an AI-driven accounts payable automation platform that captures invoices from email, scan, upload, and EDI channels, automates data extraction and validation, and routes configurable approval workflows with mobile approvals. The platform integrates natively with leading ERP systems to enable continuous sync of invoice, approval, and payment data, and includes duplicate payment detection, real-time dashboards, and full audit trails for finance teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Beanworks AP Automation Platform (marketed as Quadient AP) AI-driven accounts payable automation platform that captures invoices from email, scan, upload, and EDI channels, performs automated data extraction and validation, routes configurable approval workflows with mobile approvals, integrates natively with ERP systems (Xero, QuickBooks, Sage Intacct, Oracle NetSuite, Microsoft Dynamics) for continuous sync, and provides duplicate payment detection, real-time dashboards, and full audit trails. Built for finance teams at growing and mid-sized businesses across verticals such as finance, healthcare, insurance, utilities, hospitality, food service, direct sales, energy, construction, nonprofit, and technology.

Quantifiable outcome

• 5x ROI on average for finance teams
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• XerocoreTechnology or IntegrationNative ERP integration partnership. Xero users can seamlessly sync invoice, approval, and payment data with Quadient AP for aligned finance operations.
• QuickBookscoreTechnology or IntegrationNative integration with QuickBooks accounting software. Enables automated sync of AP data between Quadient and QuickBooks platforms.
• Sage IntacctcoreTechnology or IntegrationDirect ERP integration with Sage Intacct enabling continuous sync of financial data and automated invoice processing.
• Oracle NetSuitecoreTechnology or IntegrationIntegration with Oracle NetSuite for seamless data synchronization and automated accounts payable workflows.
• Microsoft DynamicscoreTechnology or IntegrationNative integration with Microsoft Dynamics ERP systems for automated AP processing and financial data sync.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• SAP Ariba: Enterprise procure-to-pay and AP automation solution from SAP. Comparable to Beanworks on invoice processing and approval workflows but targets large enterprises with deeper procurement and supplier network functionality.
• Coupa Software: Enterprise business spend management (BSM) platform with AP automation as part of a broader procure-to-pay suite. Overlaps with Beanworks on AP workflow functionality but serves enterprise and global customers with much larger scope.
• NetSuite (Oracle): Cloud ERP suite with native AP functionality and a deep integration partner ecosystem including Beanworks itself. Comparable as an AP capability provider for mid-market, and a key integration partner for Beanworks.

Direct peers

• MineralTree: AP automation solution for mid-market companies with ERP integrations. Comparable to Beanworks on customer profile, core AP automation functionality, and SaaS delivery model.
• AvidXchange: Mid-market AP automation platform with deep integrations to accounting and property management systems. Directly comparable to Beanworks on customer profile (mid-market, real estate, HOA verticals), AP workflow product, and integration ecosystem.
• Bill.com: Public SaaS AP and AR automation platform serving SMB and mid-market customers. Directly comparable to Beanworks on target customer, core AP functionality, and ERP integration approach, though Bill.com operates at significantly larger scale.
• Stampli: AI-powered AP automation platform focused on mid-market companies with native ERP integrations and collaborative invoice management. Closely comparable to Beanworks in target segment, AI-led product positioning, and ERP integration-led GTM.
• Tipalti: AI-driven AP automation and global payouts platform serving mid-market and enterprise. Comparable to Beanworks on AP automation core, multi-ERP integrations, and AI-based invoice capture, with overlapping customer segments in finance and technology.

Emerging players

• Ramp: AI-native spend management platform that includes AP, corporate cards, and procurement for SMB and mid-market. Overlaps with Beanworks in invoice processing and payment automation but bundles a broader spend management suite.
• Brex: Corporate cards and spend management platform with growing AP automation capabilities. Comparable in serving finance teams at growing companies, though AP automation is a more recent extension of a broader spend platform.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BeanworksAP

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beanworks