In the dynamic world of hospitality, change is the only constant. From expedited check-outs to the rise of contactless payments, the landscape of hotel operations is evolving at a remarkable pace. Amid these transformations, one crucial aspect often overlooked is the gratuity extended to the hardworking individuals who ensure guests have a memorable stay – […]
In today’s fast-paced business landscape, industries are constantly evolving and adopting innovative solutions to streamline their operations, and the hospitality sector is no exception. Leaders from across the industry recently converged at HITEC where the Evention team learned more about the challenges companies are facing in credit card reconciliation. This critical financial process can consume […]
Come visit our booth at the upcoming HITEC conference and experience firsthand how our innovative solutions can revolutionize your accounting reconciliation process. Our primary focus is on streamlining operations and maximizing staff compensation, enabling your business to thrive in the competitive hospitality industry. With our comprehensive suite of four solutions, we offer cutting-edge technology designed […]
Evention is pleased to announce a strategic partnership with global hospitality technology leader, Shiji Group, to enhance financial processes within the hospitality industry. Evention’s industry-leading accounting automation technology enables Shiji customers to efficiently reconcile all credit card and cash transactions and optimize tips and gratuity management with direct integration to payroll. By working directly with […]
Reconciliation is an essential part of the accounting process, and it can be a tedious and time-consuming task, especially for the hospitality industry. Before introducing technology solutions, hotel accountants spent hours on massive spreadsheets, color-coding, filtering, sorting, and manually matching transactions. The reconciliation process required enormous effort, time, and resources that could have been better spent […]
Hotels handle a lot of financial transactions on a daily basis, from guest room charges to food and beverage purchases. Many of these transactions are paid for with credit cards, which means that hotels must be diligent about reconciling credit card entries with their payment processors and property management systems (PMS) to ensure that all transactions are accurately recorded and accounted for.