Evention's newly developed solutions include Group Billing by Evention and Credit Card Reconciliation by Evention. In addition, Evention's solution for cash recycling now offers a small-volume hardware option.Group Billing by Evention has been specifically designed for and tested by hospitality brands. Evention has partnered with two world-wide hotel companies to develop this all-encompassing solution. Evention's solution centralizes the data from sales, contracts and tax exemption forms, credit, e-payment, point of sale (POS), and property management system (PMS), to create accurate final group invoices.Without Group Billing by Evention, billing a group hotel stay is a highly involved process that relies on data spread across multiple platforms, often causing variances. Evention's solution eliminates the complexities associated with the manual process of billing a group for expenses related to their hotel stay.Credit Card Reconciliation by Evention applies to both the hospitality and retail industries.This solution transforms scattered credit card settlement data into one, easy-to-review format. It also provides complete reconciliation from POS, to the processor, and to the bank.Providing efficient reporting and standardized reconciliation, Credit Card Reconciliation by Evention arranges data from settled credit card transactions. By referencing data sources like bank deposits and credit card processor batches, this solution also provides quick and accurate comparison, as well as more manageable variance research.As of January 2018, both new solutions, Group Billing and Credit Card Reconciliation, are available for purchase and installation.In addition, Evention now provides automated reconciliation for small-volume cash recycling hardware. Designed as an "under-the-counter" device, the new recycler expands Evention's cash recycling suite with options to suit hotel operations of any size.This small-volume recycler will debut at the upcoming HITEC Houston Tradeshow (Booth #1733).With this recent product expansion, Evention's full solution suite includes: SecureDrop Cash Reconciliation, Tip and Gratuity Management, Cash Recycling (with multiple volume options), Group Billing, and Credit Card Reconciliation.Evention will showcase its entire product suite this month at the upcoming HITEC Houston Tradeshow (Booth #1733), including live demonstrations of cash recycling.

  Attending this year's HITEC in Houston? Visit us at Booth #1733 to learn about our automated cash management solutions and see a cash recycling demo! Our automated solutions offer back-office efficiency for 600+ hotel properties world-wide. Our SecureDrop software streamlines financial operations. This solution offers daily auto-reconciliation, manages over/shorts, and pairs with cash recycling

As business becomes increasingly automated and you find your front office includes the likes of R2D2 and Wall-E, don't disregard the benefits of robotics in the back office as well. It's by far best to create comprehensive corporate automation. By equipping the front and back office with technology that eliminates error and increases efficiency, the

It may be surprising to some that a generation with access to a record number of payment options, still prefers one of the oldest payment methods - cash. From a variety of digital currency sharing and payment platform options to credit cards and cryptocurrency, millennials' transaction choices are endless. Regardless, this demographic prefers to pay

Turns out paying with plastic is not for everyone and cash really is king. In fact, keeping cash payment as an option will help retain and grow your customer base. Here are three reasons why: 1. Not all consumers have access to credit cards... or banks. Approximately 7% of the population do not use a

Check out Evention on Page 37 of Hospitality Upgrade's 'Transforming Technology Today and Tomorrow.' This special edition showcases technology at Marriott Hotels. We are thrilled to be highlighted as a technology provider for the Marriott Marquis Chicago. Evention is proud to work with hundreds of Marriott properties throughout the world to simplify cash and gratuity

In 2017, Evention automated the distribution of more than $1 billion in gratuity, tip, and service charge payroll and reconciled over 3 million cash drops for its hospitality and retail clients across the globe.Tips & Gratuities by Evention, introduced to the market in 2006, manages gratuity distribution for marquee hotel clients in all major hotel brands throughout North America. During 2017, Evention Tips & Gratuities processed over $1 billion in gratuity, tip, and service charge payroll. Evention's web-based gratuity calculation and distribution provides accurate and simple gratuity management, eliminates manual-entry errors and spreadsheets, and streamlines the management process.Evention SecureDrop provides automated cash reconciliation for retail and hospitality clients worldwide, including across North America, Asia, Europe, Australia, and the Middle East. In 2017, Evention SecureDrop reconciled over 3 million cash drops across the globe. This web-based software platform integrates Cash Recyclers/Machines, POS cash responsibilities, and Bank Deposits to provide complete automation for cash management, from the point of the cash "drop" through the posting to the general ledger."$1 billion in gratuity payroll, along with 3 million cash drops over the last 12 months are two enormous milestones for Evention," said Mike Baldinger, Co-Founder of Evention. "Our team thanks each of our clients for their trust in Evention to automate and manage these critical daily functions. We are very proud of these 2017 accomplishments, but are absolutely focused on the future and adding further value for our clients. We look forward to 2018 as we roll out more automation in our existing products, as well as launch our new Income Audit and Group Billing solutions."In 2018, Evention plans continued growth for its products, services, and team. Over the course of the coming year, Evention will expand its products to offer Credit Card Reconciliation for the retail and hospitality industries, as well as Group Billing Management for hotels. In addition to this product expansion, Evention's customer base continues to grow. At the beginning of the 2018 year, Evention reached more than1,000 world-wide software installations, which service an array of businesses, including hotels, convention centers, casinos, grocery stores, restaurants, and multiple retail verticals.

Looking for a competitive edge in the hospitality industry? Tired of manual errors across piles of spreadsheets and reports? With hotel automation, the time consuming, error prone process that jeopardize efficiency, accuracy, and time/cost spending become obsolete. Automated systems eliminate these common business challenges and deliver an unstoppable competitive advantage that drive success in the modern hospitality environment.

How much do companies lose due to fraudulent activity every year? How much of this lost cash do retailers and hoteliers even know about? Employee theft, payroll fraud, or embezzlement impact profitability and undoubtedly foster mistrust, tainting company culture. Here is what you need to know about fraud in the hospitality and retail industries:

Hoteliers are no strangers to the cash management headaches involved in handling large sums of cash, day-in and day-out. When management is dependent on manual processes, it is no easy task to guarantee accurate organization and tracking of cash. Cash Recycling provides the immediate remedy for these cash management headaches. Check out the top 3 benefits of hotel Cash Recycling, according to our customers:

Do I still need a general cashier? How can my property leverage the time savings and other operational efficiencies? How do I calculate the ROI? In this white paper, Evention LLC shares the top 10 questions that hotel and retail professionals ask about Cash Operations Management.

Since its launch in early 2016, Evention Cash Recycling continues to provide the industry-first and technology breakthrough solution for hospitality, saving operators and ownership time, frustration, and money.With the powerful and unique integration of advanced cash recycling hardware and automated reconciliation against the POS and PMS, Evention is the only company that has solved the puzzle of hotel cash management.See the success of Evention Cash Recycling in 2016 and learn what is anticipated in 2017.2016--Year in ReviewHotel properties throughout the United States from all major hotel brands have installed Evention Cash Recycling for automated cash management.Over 80 locations in the United States and Canada now leverage the integration of Evention SecureDrop software into cash management hardware to streamline the cash process.Evention migrated its software to a mobile-friendly web application. This allows users to manage and review their cash reconciliation from anywhere.Recognized as a game-changing solution for the hospitality industry, Evention was invited to present its Cash Recycling solution at several HFTP events in 2016, including the Nashville HFTP Chapter, the Monterey HFTP Chapter, the National Convention, and HITEC.Tradeshow appearances included HITEC 2016, HFTP Annual Convention, and HX: The Hotel Experience, as well as various regional and national conferences for several major hotel brands.Evention Cash Recycling was selected as a finalist in the TechPitch Competition at HX: The Hotel Experience Show this past November.2017--A Look AheadWith numerous Evention Cash Recycling installations currently underway throughout the United States, this year's Q1 installation schedule is fully booked.Evention is now accepting orders for Q2 Cash Recycling installations - If you are interested in reserving your installation date, we recommend that you place your order early.Options now exist for a wide range of property types, from select-service to upscale and luxury hotels.A variety of scheduled software and hardware enhancements will create even further automation.Evention plans to speak with many HFTP Chapters throughout this year - To schedule a presentation for your HFTP Chapter, contact Evention.Throughout this year, Evention Cash Recycling will be showcased at numerous tradeshows, including HITEC 2017 (Booth #1113), the HFTP Annual Convention, and several more.Solution Overview & DescriptionEvention Cash Recycling revolutionizes cash management for hospitality to eliminate the pain and costs of cash handling that have burdened hotel operators for decades. By combining the best breed of cash recycling hardware with comprehensive web-based software, Evention Cash Recycling eliminates manual cash counting and automates the POS/PMS reconciliation.No other company has solved this puzzle. By reducing courier fees, minimizing cash on hand, and even eliminating the general cashiering position, this innovative solution disrupts what have traditionally been considered sunk cash management costs.Employees also gain new efficiencies. Cashiers start their shifts with a fresh till in less than one minute. At the end of shift, employees can drop all on-hand cash back into the "smart safe" worry-free, without counting out their banks or creating drop envelopes. Audits are automatic ensuring cash accountability and visibility.ROI & Case Study HighlightsWithin just 10 months of installing Evention Cash Recycling, a Washington D.C. hotel achieved the following savings:A complete return on investment in just 10 monthsReduced Cash Float at the property by approximately 50%Productivity Increase of nearly 600 hours per month in operations/accountingIn addition, check out this Case Study to learn how this Dallas property slashed its courier fees and saved significant time and money after installing Evention Cash Recycling.More InformationEvention invites you to learn more about Evention Cash Recycling at the upcoming webinar on Thursday, February 16 at 1:00 PM CST - See details & registration here!Contact Evention to schedule a demonstrationView more information at eventionllc.com