Mount Prospect, Illinois, USA, and Salford, UK – August, 2024 – PayComplete, the global CashTech solutions innovator and Evention, a pioneer in automated payment reconciliation software, today announced a strategic partnership that promises to transform the way the hospitality and retail sectors handle their financial operations. This collaboration is set to address the long-standing ‘last mile’ data problem in cash and credit card payment reconciliation, offering a seamless solution that integrates operational cash handling with enterprise-level automated reconciliation.

The partnership leverages the strengths of both companies: PayComplete’s market-leading CashTech solutions (comprising proprietary cash management software and hardware) and Evention’s cutting-edge Total Recon software. Together, they give an answer to the question: “How do I balance my cash and credit card payments against my Point-of-Sale platform?”

Evention’s Total Recon 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. This synergy allows for daily data analysis and reconciliation, ensuring accuracy and efficiency in financial reporting.

With a combined presence in over 100 countries, PayComplete and Evention bring a global perspective to local challenges. 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.

The alliance between PayComplete and Evention is more than just a technological breakthrough; it’s a 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. This partnership is poised to set a new standard in financial operations for the hospitality and retail sectors.

Kirk Nelson, Director of Business Development – Retail at Evention, commented: “We are thrilled to embark on this partnership with PayComplete, which 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.”

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.”