Travelex Global Business Payments And Bean Services Partner To Provide Companies With Streamlined End-to-end Payables Processing

Travelex Global Business Payments, Inc. and Bean Services Inc. have joined forces to provide companies with streamlined Procurement to Payment payables processing. By combining Bean Services award winning E-Payables solution with Travelex's leading edge payment solution, they offer a solution that gives greater control and transparency over the processing, approval and payment of invoices. End Quote

(1888PressRelease) August 25, 2011 - WASHINGTON, D.C. - Travelex Global Business Payments, Inc., a leading non-bank provider of global payments and foreign exchange solutions, and Bean Services, an award winning Software-as-a-Service (SaaS) Accounts Payable Automation solution, today announced a partnership intended to provide companies with streamlined end-to-end payables processing.

Recent surveys continue to show a strong desire by businesses to do away with the labor-intensive, paper-based steps typically used to process and approve invoices while at the same time converting their B2B payments from costly paper checks to electronic delivered payments. Manual data entry, routing of invoices for approval, error and exception resolution and overall payment costs persist as primary issues for Accounts Payable. In response to these accounts payable challenges, Travelex and Bean Services have partnered to offer a combined solution providing greater control and transparency over the processing, approval and payment of invoices both domestic and international.

"As we transition into the electronic paperless age of approval workflow it's imperative that controllers and CFO's are able to quickly access as much of the transaction details as possible before approving for payment." said Jarrod Levitan, CEO of Bean Services. "Combining Travelex's world class payment solution with Beanbills' visibility into the actual invoice image and workflow, creates a powerful tool for any organization who wants to take advantage of all the cost efficiencies in that process."

"Travelex Global Business Payments is proud to partner with Bean Services. The pairing of Travelex's leading global payment solutions with Beanbills Payables Automation Solution provides clear path to alleviate many of the challenges and costs faced by companies' CFOs, Controllers and Accounts Payable professionals." said Matthew Lewis, Director of Partnerships and Alliances of Travelex Global Business Payments.

To learn more about the partnership, please e-mail sales ( @ ) beanservices dot com and a member of the team would be happy to assist dot

About Bean Services:
Bean Services' mission is to increase office productivity through user friendly and innovative Cloud based E-Payables software. With high-profile clients covering several industries, this award winning company focuses on the combined strengths of talented people and leading edge technology.

About Travelex Global Business Payments:
Travelex is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements.

Every year, Travelex processes payments around the world for over 35,000 businesses to one million beneficiaries. For more information, visit www.travelexbusiness.com/na.

http://www.beanservices.com

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