Case Study: Magnum York Properties reduces late payments with Quadient AP by Beanworks

This is how Magnum York beat late payments

Magnum York Properties, a large property management firm in Alberta, Canada, was dealing with late payments, duplicate invoices, and approval delays. Its accounts payable workflows were disjointed because data was stored on paper and spreadsheets, and three managers were approving more than 300 invoices per month by hand.

Magnum York implemented Quadient AP by Beanworks to centralize AP tasks, prefill invoices, and give the finance team online visibility into invoice details and status. With Quadient AP, the company moved from being 45-50 days late in paying vendors to paying in days instead of weeks and months, while also reducing duplicate invoices and improving control over vendor payments.

Magnum York Properties

Peter Best

President/Broker