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World-wide, retail and hospitality operations continue to evolve to enhance competitiveness. As a core function of any business, accounting operations must modernize and create new efficiencies to meet demands. Streamlined accounting practices are a universal value-add. This approach to accounting allows retailers and hotels to eliminate manual accounting practices by standardizing, centralizing, and automating accounting tasks. It allows completing required accounting tasks […]

The following script is from Evention’s Automated Back Office Briefings Podcast, Episode 1: The Back Office (& the Workplace) Reinvented. Automated Back Office Briefings explores the digital reinvention of the back office through the lens of Eventioneers, clients, and industry experts. Listen to the full episode here.   Episode 1 – The Back Office (& the Workplace) Reinvented HOST: […]

Successful businesses meet consumer preferences. After all, consumer product demand is commerce’s co-pilot. It drives corporate decision making. This preference sells products. It sells services. Realizing the power of consumer preference benefits a business’ product and service line. When it comes to paying for these products and services, continued emphasis on consumer payment options truly sets […]

For many employed by the restaurant and hospitality industries, gratuity is a main component of overall pay. Tipped wage varies by state and is as low as $3-$4 an hour in some states. Wait staff and others, rely on tips to make up the gap between this tipped wage and the minimum wage. At the beginning of the COVID-19 pandemic, much […]

To support our clients and friends across the globe and to ensure the safety of our team, Evention is actively navigating COVID-19 and providing new initiatives to help our customers emerge from this challenge in a optimal position. Please stay tuned, as we share our regular updates, analytics, and response via the timeline below. We will […]

Managing cash manually can be costly. It’s fraught with error and it’s inefficient. But, by accepting cash and managing it with automation, businesses can actually save money. Evention research shows automated cash management typically decreases the cost of accepting cash to less than 1%. By removing manual aspects, cash management can be cost effective. Managing cash through automated cash […]