Evention LLC
Gratuity compliance — in other words, complying with regulations, laws, and ethical standards that relate to tipping — is a must, especially within the hospitality industry. Failure to do so can result in everything from legal penalties, lawsuits, and employee discontent to a damaged reputation and loss of business. The Benefits of Automating Gratuity Distribution […]
Is the accounting process the same in every type of business? For the most part, yes, but there are some important differences depending on the industry. Hospitality companies, in particular, have some unique circumstances that make tracking, analyzing, and reconciling financials a bit different than other types of business accounting. Keep reading to discover best […]
When it comes to paying out your employees’ tips, you have two main distribution methods to choose from. In the first — paying tips instantly — your tipped staff members receive 100% of their tips in cash at the end of each shift. This option is one of the most commonly used within tipped industries […]
The restaurant and foodservice industry is an integral part of the U.S. economy, providing 15.5 million jobs as the country’s second-largest private sector employer. But as anyone who works in the business knows, there are no shortages of challenges, including inflation, labor shortages, and supply chain disruptions. For example, wholesale food prices are up 13%, […]
Reconciling financial records is a crucial aspect of accounting that ensures financial accuracy and compliance. However, traditional manual reconciling methods are becoming increasingly outdated and pose a significant security risk for businesses. In this blog, we’ll explore the security risks of manual reconciliation in accounting and the benefits of automated reconciliation solutions. Manual reconciliation involves matching […]
On March 23rd, Evention’s Managing Partner and Co-Founder Mike Baldinger attended Glory’s webinar aimed at hotel financial teams looking for technology solutions to improve their daily operations and processes. The webinar featured interviews with Hotel Financial Directors as well as a live Q&A session. The webinar featured an impressive panel of speakers, including Marc Quintana, Director of Finance; Christelle […]
Aria Cash Solutions is a trusted provider of cash management solutions, offering a range of automation technologies designed to help businesses minimize costs and increase efficiency in cash handling.
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