Business Model Design Activity for Beanworks by. Student ID- S2334367 Name- Okhomina Osayamen David. 

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Business Model Design Activity for Beanworks 
 by

Student ID- S2334367
 Name-  Okhomina Osayamen David

Beanworks, a prominent provider of Accounts Payable automation solutions, uses the Software as a Service paradigm, providing cloud-based platforms that interact with ERP systems. It serves over 1,000 clients and processes CAD 16.1 billion in transactions each year, this is noted for its affordability, versatility, and speedy onboarding process.. 

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Beanworks, a prominent provider of Accounts Payable automation solutions, uses the Software as a Service paradigm, providing cloud-based platforms that interact with ERP systems. It serves over 1,000 clients and processes CAD 16.1 billion in transactions each year, this is noted for its affordability, versatility, and speedy onboarding process.

Beanworks’ SWOT analysis revealed strengths in offering cutting-edge solutions and weaknesses in possible technology problems and scalability issues. The implementation plan proposed a tiered approach that included R&D funding, strategic collaborations, and ongoing monitoring of key performance metrics.

Outline. Title page. Executive Summary. Table Of Contents. 

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Quadient, a digital and physical consumer engagement provider, has acquired Beanworks, a SaaS company specializing in accounts payable automation. The acquisition aligns with Quadient's Back to Growth strategy focusing on software solutions through acquisitions.. 

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Quadient, a digital and physical consumer engagement provider, has acquired Beanworks, a SaaS company specializing in accounts payable automation. The acquisition aligns with Quadient's Back to Growth strategy focusing on software solutions through acquisitions.

The aim of this report is to carry out a business model design exercise for Beanworks. This entails a detailed market analysis of AP automation, an evaluation of the company's current business model, a search for opportunities for improvement, and the creation of an implementation strategy to support strategic expansion and competitive advantage.

[image] oon oco ooo. A key step in honing a business concept is business modeling, which involves constructing an organized picture of sustainability and income creation (Zott and Amit, 2010). Value proposition, target client categories, distribution channels, income streams, and cost structure are some of the important elements that must be identified. Information on the target market, industry trends, customer wants, and competitors are gathered through market research, secondary research, and SWOT analysis.. 

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A key step in honing a business concept is business modeling, which involves constructing an organized picture of sustainability and income creation (Zott and Amit, 2010). Value proposition, target client categories, distribution channels, income streams, and cost structure are some of the important elements that must be identified. Information on the target market, industry trends, customer wants, and competitors are gathered through market research, secondary research, and SWOT analysis.

Results and Discussions. Market Analysis of AP Automation:. 

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Accounts Payable Automation Market Value Share (%)
Component
fml
Future Marke
Region
CAGR
10.00% (2022-2032)
Solution
Deployment Type
CAGR 9.60% (2022-2032)
On-Premises
Source: Future Market Insights
US UK China Japan CD South Korea
CAGR (2022-2032)
10.00%
Note: Market shares are not depicted as per the actual scale and are only for illustra60n purposes.

The Factors Driving Growth in the Market for Accounts Payable Automation. 

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The Factors Driving Growth in the Market for  Accounts Payable Automation

It’s eco-friendly procedures, reduced invoice paper use, and the need for one-time payment options.

Government programs supporting digitization and automation also contribute to the sector's growth.

Business-to-business transactions are crucial for payment and compliance with buying procedures. Market expansion is expected to be driven by reducing payment delays and minimizing fraud.

Collaboration with banks and financial institutions has created opportunities for accounts payable automation solutions.

Accounts payable automation is gaining popularity among organizations to reduce fraud and improve productivity.

Challenges in the Market for Accounts Payable Automation:. 

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Challenges in the Market for Accounts Payable Automation:

Evaluation of Beanworks' Current Business Model. SaaS - Business Model Canvas and THE BUSINESS MODEL ANALYST Customer Segments. 

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Evaluation of Beanworks' Current Business Model

SaaS - Business Model Canvas
and
THE BUSINESS
MODEL ANALYST
Customer Segments

Partn«s
Who are our key partners ?
Who are our key suppliers?
Which resources are we Kquiring
Ot
• Cornmwnities
• Joint
• relati•mships
Key Activ.t;es
What Ktivities do value
propositions
OW distri on
Revenue streams?
What resources
Tyrs ot
W.e Propsitions
What values we to the
Which of S
prouems are we tNing to solve?
What and are we
Which
Cusü»rn« Relationships
W'hat Of relationships our
expect us to establish and
mantan Witn them? Which have
costly are
- assistarwe
- Dedicated
TPuCÄJgh which
want to reached' How are we react-ung
tt— WI-Kh
- Partner
Customer Segments
For Whom are we creating value?
are most important
- Mass market
• nted
• *tform
the
Which key activities are Is Or
• Asset sales
• Usage fee
- fee
- LeMing/ leasing,' renting
- fes
willing to pay? what How they

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Key performance indicators (KPIs) to evaluate the efficiency and effectiveness of Beanworks. 

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Key performance indicators (KPIs) to evaluate  the efficiency and effectiveness of Beanworks

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