What is the primary difference between Eved and Wrapbook?

Wrapbook primarily focuses on production payroll services, handling crew onboarding, timecards, and compliant wage payments. Eved, on the other hand, is an AI-led global AP & payments platform that automates the entire accounts payable process for all non-payroll expenses, including global vendor payments, virtual cards, and spend management for events, media, and entertainment productions.

Can Eved and Wrapbook be used together?

Yes, absolutely. Many large productions find the most comprehensive solution by using both platforms. Wrapbook can manage the specialized payroll needs for cast and crew, while Eved handles all other vendor payments, expense management, and AP automation, providing a holistic view of production finances.

How does Eved help with global production payments?

Eved specializes in facilitating global vendor payments by handling international transactions, managing different currencies, and ensuring compliance with local and international financial regulations. This simplifies the process of paying suppliers and vendors worldwide, which is crucial for international shoots and productions.

What are the benefits of Eved's AP automation for productions?

Eved's AP automation streamlines workflows from purchase order to payment, reducing manual errors, accelerating invoice processing, and providing real-time visibility into spending. This leads to better budget control, enhanced financial oversight, fraud prevention through virtual cards, and significant time savings for finance teams.

Is Eved only for film and TV productions?

While Eved is exceptionally well-suited for film and TV, its comprehensive AP automation and global payment capabilities also make it ideal for live events, media companies, and any organization within the entertainment sector that deals with complex vendor ecosystems and significant non-payroll expenditures.

How does Eved handle production payments beyond payroll?

Eved manages the entire spectrum of accounts payable (AP) for productions, including location fees, equipment rentals, catering, travel, and international supplier invoices, by offering AP automation, global vendor payments, and virtual cards.

Can Eved integrate with existing payroll systems?

Yes, Eved is designed to integrate seamlessly with existing payroll systems, allowing productions to manage all financial operations, both payroll and non-payroll, through a unified ecosystem.

What are the benefits of using Eved for global vendor payments?

Eved simplifies global vendor payments by offering multi-currency support, tax compliance, and various payment methods, reducing the complexity and risk associated with international transactions for productions.

What is AP automation in the context of production finance?

AP automation in production finance, as offered by Eved, streamlines the entire accounts payable process from invoice capture and approval workflows to payment execution, reducing manual errors, improving efficiency, and providing better financial control over non-payroll expenses.

Eved vs. Wrapbook: Production Payments Beyond Payroll