Open Money vs. Quadient Accounts Payable by Beanworks

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Open Money
Score 6.0 out of 10
N/A
Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space…N/A
Quadient Accounts Payable by Beanworks
Score 6.9 out of 10
N/A
Quadient Accounts Payable by Beanworks is an accounts payable solution that uses custom rules to automate and show every step of an organization's AP workflow, and is used to route POs, invoices, and payment approvals.N/A
Pricing
Open MoneyQuadient Accounts Payable by Beanworks
Editions & Modules
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Offerings
Pricing Offerings
Open MoneyQuadient Accounts Payable by Beanworks
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredRequired
Additional Details
More Pricing Information
Community Pulse
Open MoneyQuadient Accounts Payable by Beanworks
User Ratings
Open MoneyQuadient Accounts Payable by Beanworks
Likelihood to Recommend
-
(0 ratings)
9.0
(0 ratings)
Usability
-
(0 ratings)
9.0
(0 ratings)
User Testimonials
Open MoneyQuadient Accounts Payable by Beanworks
Likelihood to Recommend
No answers on this topic
The one part I would suggest approval in is when updating an invoice. If for example, one employee approved an invoice and then I, the administrator, make a change before the second employee approves an invoice the invoice is resubmitted to the original employee. It would be much easier if the invoice would only go to the secondary/final approver even once a change is made
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Pros
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  • It's easy to access.
  • It's simple to use.
  • It works well with QuickBooks.
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Cons
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  • Updating Approval Channels
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Usability
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Beanworks takes some time to set up initially, but once it's ready on your computer, it is very easy to use in conjunction with QuickBooks. They have representatives that are readily available or can schedule an appointment to walk you through it if you are ever having issues. Uploading invoices is quick and easy. Approvers can easily make changes to coding before approving.
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Alternatives Considered
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I have not used a system like Beanworks before -- this is my first -- but it is a great tool.
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Return on Investment
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  • Organized data
  • Clearer financial statements
  • Bills paid more timely
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