What are the primary payment challenges in the music and entertainment industry?

The music and entertainment industry faces unique payment challenges including paying large numbers of individuals (talent, crew, influencers) quickly and accurately across multiple countries, managing complex tour budgets with real-time visibility, and ensuring compliance with diverse tax and regulatory requirements globally.

How does Eved streamline payments for talent and individuals in entertainment?

Eved streamlines payments for talent and individuals by enabling bulk onboarding, securely collecting banking details, and processing payments in batches. This eliminates manual data entry, reduces fraud risk, and ensures timely payments for session musicians, performers, and influencers.

What is EvedAP and how does it benefit music and entertainment companies?

EvedAP is an AP workflow platform designed specifically for the entertainment industry, managing budgets, invoices, purchase orders, and approvals. It offers project-based budget tracking, multi-currency support, and specialized workflows for independent contractors, enhancing financial control and compliance.

Can Eved handle global payments for international tours and productions?

Yes, Eved is built for global operations, enabling payments in over 140 currencies across 200+ countries. It aggregates vendor payments into a single daily transaction and disperses them globally, handling FX automatically and including compliance screening.

How do Eved's virtual cards (EvedPay Card) assist touring crews and productions?

EvedPay Cards are Visa prepaid cards (virtual and physical) that can be issued instantly to touring crews and production teams. They come with customizable spending limits and category controls, and AI-powered receipt coding, eliminating the need for per diem cards and simplifying expense reconciliation.

Music & Entertainment Payments: Talent, Tours, Per Diem & Budget Management