How does Eved integrate with SAP for entertainment companies?

Eved integrates with SAP by acting as a specialized extension for AP automation and global payments. It handles complex payment execution, invoice processing, and vendor management, then pushes reconciled data back into SAP for general ledger and core accounting, ensuring seamless data flow and enhanced financial control.

Can Eved handle global vendor payments for entertainment productions that use SAP?

Yes, EvedPay is designed to manage global vendor payments across 200+ countries and 140+ currencies, complementing SAP's capabilities. It streamlines multi-currency transactions, local tax compliance, and diverse payment methods, which can be cumbersome in standard SAP setups, integrating the payment data back into your SAP system.

What specific payment challenges does Eved solve for SAP users in the entertainment industry?

Eved addresses SAP's limitations in entertainment by providing specialized solutions for project-based spending, granular per diem and petty cash management via virtual cards, robust fraud prevention tailored to payments, and automated self-serve W9 collection for a global independent workforce. These features enhance SAP's core financial management for the dynamic needs of productions.

How does Eved enhance SAP for entertainment industry payments?

Eved enhances SAP by providing specialized solutions for the entertainment industry's unique payment needs, such as global vendor payments, project-based spending, per diem management, enhanced fraud prevention, and streamlined vendor onboarding, which standard SAP functionalities often lack.

What are the key limitations of using SAP alone for entertainment production payments?

Key limitations of using SAP alone for entertainment production payments include difficulties with multi-currency global vendor payments, lack of granular real-time spend visibility for project-based budgets, absence of agile solutions like virtual cards for per diem, and less specialized fraud prevention for high-volume transactions.

Can Eved help manage global vendor payments and compliance within SAP for entertainment?

Yes, Eved is designed to manage global vendor payments and compliance within an SAP environment for entertainment, handling multi-currency transactions, local tax compliance, and diverse payment methods across hundreds of countries, acting as a powerful extension to SAP's core capabilities.

How does Eved address project-based spending in entertainment productions when integrated with SAP?

Eved addresses project-based spending by offering real-time, granular spend visibility and flexible approval workflows tailored to the dynamic nature of film, TV, or concert tour budgets, integrating seamlessly with SAP's financial modules to provide detailed cost coding and tracking.

Eved AP: SAP Integration for Entertainment Payment Solutions