What is the main difference between Eved and Tipalti?

The main difference lies in their specialization. Tipalti is a broad-spectrum global AP automation platform serving various industries. Eved is an AI-led platform specifically designed and optimized for the unique AP and payment needs of the events, media, and entertainment industries, offering tailored features for project-based budgeting, talent payments, and event-specific spend control.

Why is industry specialization important for AP and payments?

Industry specialization is crucial because sectors like events, media, and entertainment have distinct financial complexities. This includes project-based budgets, unique vendor types (e.g., talent, venues), complex contracts, and often urgent, global payment requirements. A specialized platform like Eved understands these nuances, leading to more efficient workflows, better compliance, and greater financial control without extensive customization.

How does Eved handle talent payments compared to a general platform?

Eved's platform includes specialized workflows for managing talent payments, which can involve complex agreements like performance fees, residuals, royalties, and per diems. It ensures accurate, compliant, and timely payments to artists, actors, and crew members globally, a feature often not as deeply integrated or tailored in general AP solutions.

Can Eved integrate with existing ERP systems?

Yes, Eved is designed to integrate seamlessly with major ERP systems and accounting software, ensuring that all financial data flows smoothly between your existing infrastructure and Eved's specialized AP and payment platform. This allows for unified financial reporting and reconciliation.

What role do virtual cards play in Eved's specialized offering?

Virtual cards are a core component of Eved's offering, providing unparalleled control and security for event and production spending. They can be tied to specific budgets, vendors, or projects with predefined limits and expiration dates, making them ideal for managing on-site event expenses, media buys, or production purchases while offering real-time reconciliation and fraud prevention.

What is the primary difference between Eved and Tipalti for event and media companies?

Eved is a specialized AP and payments platform designed specifically for the unique needs of the events, media, and entertainment industries, offering features like production payments and virtual cards for events. Tipalti is a broader, general-purpose AP automation solution serving a wide range of industries.

Does Eved offer virtual cards for event payments?

Yes, Eved provides virtual cards specifically tailored for event payments, offering enhanced control, security, and reconciliation capabilities for event-related expenses.

How does Eved handle global payments for entertainment productions?

Eved specializes in global payments for entertainment and media, streamlining cross-border transactions, managing complex vendor networks, and ensuring compliance for production-specific financial workflows.

Is Eved suitable for managing vendor payments for large-scale events?

Absolutely. Eved is built to manage complex vendor payments for large-scale events, offering robust vendor management, automated invoice processing, and specialized payment methods to handle the unique demands of event production.

Eved vs. Tipalti: Specialized Payments for Events, Media & Ent.