What makes Eved a better Ramp alternative for entertainment and events companies?

Eved is purpose-built for project-based industries like entertainment, media, and events. While Ramp is a general spend management platform, Eved offers specialized features such as project-centric budgeting, advanced vendor management for unique industry vendors, global multi-currency payments, and highly customizable AP workflows that align with the complex, often international, and high-volume nature of these sectors. We understand the specific compliance and reporting needs that generic platforms often miss.

Can Eved handle the complex vendor relationships common in media and events?

Absolutely. Eved's robust vendor management capabilities include a self-service vendor portal for easy onboarding, invoice submission, and payment tracking. We are designed to manage a diverse ecosystem of vendors, from freelance talent and specialized equipment providers to large venues and international suppliers, streamlining communication and ensuring accurate, timely payments.

How does Eved help with project-specific budgeting and cost tracking?

Eved allows for granular, project-centric budgeting, enabling you to allocate and track spend against individual productions, events, or campaigns. Our platform provides real-time visibility into project expenditures, helping prevent overruns and facilitating accurate cost analysis. You can set up specific approval workflows and virtual card limits tied directly to project budgets, ensuring tight control.

Does Eved support international payments and multiple currencies?

Yes, Eved offers comprehensive global payment capabilities, supporting over 140 currencies and enabling payments to vendors in 190+ countries. This is crucial for international productions and events, allowing you to manage all cross-border transactions from a single platform, reduce foreign exchange complexities, and ensure local compliance.

Is Eved suitable for both large enterprises and growing businesses in these industries?

Eved is scalable and designed to meet the needs of organizations of all sizes within the entertainment, media, and events industries. Whether you're a rapidly growing production company or a large enterprise managing multiple global projects, our flexible platform can be configured to support your specific volume, complexity, and growth requirements, providing a tailored solution that evolves with your business.

What makes Eved a specialized alternative to general spend management platforms like Ramp for the entertainment and events industries?

Eved offers specialized spend management tailored for project-based industries by providing project-centric budgeting, managing complex vendor ecosystems, supporting global multi-currency operations, handling high-volume irregular spend, and ensuring compliance with industry-specific regulations, unlike general platforms such as Ramp.

How does Eved address the unique challenges of vendor management in entertainment and media?

Eved addresses unique vendor management challenges by accommodating a vast array of specialized vendors, from talent agencies to equipment rentals, and supporting bespoke contracts and payment terms specific to the entertainment and media sectors.

Can Eved handle global payments and multi-currency transactions for events and productions?

Yes, Eved is designed to manage global operations and diverse currencies, providing multi-currency support and adhering to varying tax regulations for international events and productions.

What specific AP automation features does Eved offer for project-based industries?

Eved provides AP automation features that streamline invoice processing, payment approvals, and reconciliation, specifically designed to handle the high volume and irregular nature of payments common in project-based entertainment and event industries.

Why is industry-specific compliance important for spend management in entertainment and events?

Industry-specific compliance is crucial for spend management in entertainment and events to adhere to specific regulations, union rules, and detailed project cost reporting, ensuring financial accuracy and transparency for all stakeholders.

What makes Eved a specialized spend management platform for entertainment and events?

Eved is purpose-built for the unique demands of the entertainment, media, and events industries, offering specialized features like project-centric budgeting, complex vendor ecosystem management, and global multi-currency support, which general platforms often lack.

How does Eved handle global payments for events and productions?

Eved handles global payments by aggregating thousands of vendor payments into a single daily transaction and dispersing them across 140+ currencies in 200+ countries, with built-in compliance and tax reporting.

Can Eved integrate with existing accounting and ERP systems?

Yes, Eved integrates directly with major ERP and accounting systems like SAP, Oracle, QuickBooks, Coupa, Workday, and NetSuite, ensuring seamless data flow and eliminating duplicate entry.

What are the benefits of using Eved for vendor management in project-based industries?

Eved streamlines vendor management by automating onboarding, W-9/W-8 collection, TIN verification, and OFAC screening, allowing vendors to onboard once and be used across multiple projects, saving significant time and reducing costs.

How does Eved help prevent payment fraud in the entertainment and events sectors?

Eved prevents payment fraud through multi-factor authentication, AI-driven anomaly detection, robust approval workflows, and features like duplicate invoice detection and secure vendor onboarding with compliance checks.

Ramp Alternative for Entertainment & Events | Eved Spend Management