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Despite technological advances on multiple financial fronts, most modern day money continues to be managed just as it was centuries ago.  In fact, cash management wise, not much has changed since the introduction of coins around 5000 BC. Money continues to be counted, stored in safes, and audited.  Yet, theft, counterfeiting, and proper transportation and tracking […]

Along with innovation, Evention embraces expansion. We’re expanding our team to meet growing needs. We’re expanding our solutions to include credit card reconciliation and group billing. And we’re expanding our market segments to meet the needs of different industries… four new market segments in just four short months. Traditionally, we’ve served the grocery, hospitality, retail, restaurant, and casino industries. We look forward to […]

In today’s highly digital environment, automation is quickly becoming more and more mainstream – making everything from bars to the back office more productive. It’s present in a variety of industries and actively changing business as we know it. At the Tipsy Robot in Las Vegas, robotic bartenders whip up drinks for the party-goers. The machine mixologists create cocktails per orders entered into tablets […]

As reported by the Wall Street Journal and Wired, restaurants are leveraging technology to supply labor in a state of record-low unemployment characterized by a scarcity of workers. Restaurant automation allows restaurants to do more with less labor. The idea incorporates everything from self-ordering kiosks to robotic-based burger-flipping to cash automation. The end goal is to shift employees’ […]

Retail theft is nothing new. Popular tactics for retail theft, however, are shifting. Turns out that nowadays internal theft is more prevalent than consumer theft. The U.S. retail industry hit a record-high employee theft rate in 2015 with a 43% overall revenue loss resulting from such theft. This amounts to $18 billion in retail product. So why the surge? […]