So, how important are specialized platforms?

Hint: very.

For hospitality and entertainment business owners, choosing the right Accounts Payable solution is a critical decision. Whether we’re talking about a Hotel, Member Club, Nightclub or Event Agency — all have complex payment needs, which often involve managing independent contractors, freelancers, and gig workers. There is one thing that is certain — it requires a specialized approach. Why use a generalized workflow that doesn't account for the nuances of the entertainment space?

In this blog post, we explore how specialized payment platforms like Archie simplify payments in the hospitality industry, with David Mitchell's experiences offering supporting evidence.

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How Specialized Platforms Like Archie Streamline Payments in Hospitality

1. Custom-Built for Hospitality:

   • Platforms like Archie are designed based on extensive consultations with hospitality leaders, addressing the industry's most common challenges. For instance, Archie's approach to handling tax compliance and 1099s is tailored to streamline a typically complex process. Contractors must complete their banking and tax information before receiving any payments, eliminating last-minute tax season scrambles.

     
     

   
   

2. Complete Transparency in Payments:

   • Archie provides easy, centralized visibility into financial transactions, eliminating the need for phone calls, emails, and spreadsheets to track payments. Vendors can self-onboard with their banking and tax details, and finance teams can efficiently review, approve, and pay invoices within the same platform.

3. Proactive and Reliable Customer Support:

   • Unlike reactive approaches to customer support, platforms like Archie take a proactive stance. They aim to address the root causes of customer pain points to ensure seamless operations. David Mitchell emphasizes the exceptional support he's received from the Archie team, highlighting the importance of 24/7 support in the hospitality industry.

Specialized platforms like Archie have been purpose-built to meet the specific needs of the hospitality industry. By implementing platforms like ours, hospitality businesses can simplify their payments, eliminate common challenges associated with invoicing, and ultimately streamline their operations for greater efficiency.