Bean Services, the 2007 third-place NVBC winner, has launched the commercial version of its online system for automating the accounts payables process.
CEO Jarrod Levitan says the service is already finding favour with construction companies, property management companies and shipping companies because they all have a lot of paper-based invoices to manage, often from multiple locations.
“Our system does a great job of reducing delays and allowing you to approve invoices online from anywhere,” he says.
The company completed a $400,000 round of angel funding in 2008 and has just started a second round for $750,000 to fund marketing and growth.
The company has added two full-time employees since the competition and also moved to bigger premises.
“We’re over the hump now and we’re on our way,” says Levitan. “Right now our focus is on growing our customer base through partnerships and forming sales channels.”