For a long time, the retail and hospitality sectors have faced the ‘last mile’ data problem in cash credit card payment reconciliation. A new partnership between PayComplete, the global cashtech solutions provider, and Evention, an automated payments reconciliation software, is looking to tackle this issue by integrating operational cash handling with automated reconciliation.
Some merchants struggled with balancing cash and credit card payments against their point-of-sale platform. This struggle will be simplified as PayComplete’s cashtech solutions comprising of proprietary cash management software and hardware, will be integrated with Evention’s Total Recon software, which simplifies the complex and time-consuming process of financial reconciliation.
By integrating with PayComplete CashTech solutions, the partnership ensures that cash handling at the operational level is significantly improved and perfectly aligns with enterprise-level financial systems. Additionally, this synergy allows for daily data analysis and reconciliation, ensuring accuracy and efficiency in financial reporting.
Kirk Nelson, director of business development – retail at Evention
Kirk Nelson, director of business development – retail at Evention, commented: “This partnership with PayComplete marks a game-changing milestone in our journey. By integrating PayComplete’s superior CashTech solutions with Evention’s Total Recon platform, we are solving the last mile data problem and paving the way for a new era of efficiency and accuracy in payment reconciliation.
“This alliance is a testament to our commitment to innovation and our dedication to serving our customers with solutions that make a real difference in their daily operations.”
Improving efficiency and reducing errors
The alliance between PayComplete and Evention is a show of commitment to providing their joint customers with the best possible services and solutions. By streamlining the payment reconciliation process, businesses can expect significant improvements in operational efficiency, reduced errors, and enhanced financial control.
Keith Robinson, general manager, EMEA at PayComplete
Keith Robinson, general manager, EMEA at PayComplete commented: “The alliance between Evention and PayComplete demonstrates our joint commitment to leading from the front when it comes to providing technology solutions that create a positive, tangible impact for our customers, and more importantly, their customers.
“We are excited to bring this fantastic combined solution to market, supporting companies in becoming smarter, more efficient, more resilient, and sustainable organisations.”
With a combined presence in over 100 countries, PayComplete and Evention bring a global perspective to local challenges. Furthermore, their joint solutions are tailored to meet the diverse needs of customers across various markets, ensuring that no matter where a business operates, it can benefit from the most advanced cash management and payment reconciliation technologies available.
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