Case Study: New Market Funds achieves cost savings and keeps operations running during a crisis with Quadient AP by Beanworks

How to Cut Costs & Keep Your Business Running During a Crisis

New Market Funds, a community-focused impact-investing firm led on finance by Matt Putra, faced the challenge of cutting costs during a crisis while keeping operations running, preserving cash reserves, and improving accounting and budgeting to respond quickly to changing conditions. To address these needs they worked with Quadient AP by Beanworks, using AP automation and streamlined bookkeeping to tighten controls and speed up financial processes.

Quadient AP by Beanworks helped automate accounts payable and simplify budgeting workflows so New Market Funds could run a detailed review of expenditures, produce a six‑month cash runway forecast, and improve record-keeping for faster access to relief programs. The result was clearer visibility into cash reserves, more disciplined cost decisions that avoided short‑term harmful cuts, and faster, data‑driven budgeting and reporting that strengthened the firm’s ability to pivot during the downturn.

New Market Funds

Matt Putra

Vice President of Finance