What are the main limitations of vCards for event payments?

vCards often fail for event payments due to issues like limited vendor acceptance, manual reconciliation, poor multi-currency support, lack of persistent vendor profiles, inadequate budget visibility, and a missing approval workflow before payment.

How do purpose-built payment solutions like Eved improve event payment processes?

Purpose-built solutions like Eved offer direct bank transfers in over 140 currencies, automatic reconciliation to project budgets, native multi-currency support, persistent vendor profiles, real-time budget vs. actuals, and robust approval workflows ensuring compliance before payment.

Why are vCards not ideal for project-based creative work?

vCards are not ideal for project-based creative work because they lack the granular control, automated reconciliation, and vendor management features needed for complex, temporary vendor relationships common in events and entertainment, leading to significant manual work for finance teams.

Can Eved integrate with existing ERP systems for event payments?

Yes, Eved offers direct and seamless integration with major ERP systems, eliminating the need for manual file manipulation and streamlining data flow for event and production payments.

Eved: Event Payments Alternative to vCards | AP Automation for Events