Nvoicepay and Beanworks are partnering to offer a payment platform with a digital workflow for payment approvals and processes to help businesses in the U.S. operate more efficiently, according to a company press release. 

The accounts payable process enables organizations and their suppliers to electronically submit, track and manage payments through a complete range of payment options and capabilities helping to reduce AP costs and mitigates the risk of payment fraud

Nvoicepay removes payment fraud risk from AP teams by protecting all payments and accepting the responsibility of securing, managing and ensuring compliance of payments made through its software.

"Manual invoice processing and sending vendors paper checks has always been inefficient and cumbersome," said Nvoicepay’s president, Karla Friede in the release. "With AP Teams working from home, manual process has become unmanageable. Secure, remote payment processes with visibility, control and traceability have made AP payment automation a necessity. We are delighted to partner with Beanworks to enable an end-to-end invoice-to-payment flow for their customers."

During the COVID-19 pandemic, Nvoicepay and Beanworks supported work-from-home initiatives for customers including offering remote approvals across multiple locations, 15-day implementation and secure, remote access to accounts payable processes ensuring safe business practices in a work-from-home environment.

"We are excited to partner with Nvoicepay," said Catherine Dahl, CEO of Beanworks in the release. "With so many finance teams working remotely, it is important to have a digital payments solution that accelerates the payments process and keeps operations running at all times. Payments automation will ensure AP teams can mitigate fraud risk and high costs associated with manual invoice processing."