Onyx CenterSource, a leading global provider of B2B payments and business intelligence to the hospitality industry, announced today a new integration between its GroupPay payment platform and Cvent, an industry-leading meetings, events, and hospitality technology provider. In addition, Onyx announced a Cvent partnership, which will create added value for mutual customers by delivering automation, visibility and standardization of meeting and event commission management through GroupPay.
“This integration with GroupPay will provide Cvent customers with a seamless, single pathway, from a request for proposal to receiving their meeting and event commission payments,” said Mike Tenholder, Cvent senior director of alliance partnerships.
The integration, which is expected to be launched later this year, will enable Cvent users to better automate and manage their M&E commission payments via GroupPay. The integration also will enable hoteliers to increase the speed and accuracy of their commission payments – driving greater efficiency for both buyers and suppliers.
Through the integration, customers will be able to leverage Cvent’s robust event marketing and management platform while simultaneously tapping into GroupPay. The integration also will improve sharing of data and insights between the two platforms, giving them enhanced visibility to the payment status at all stages.
Additional integration benefits will include centralized and standardized tax-compliant invoice submissions, which will lead to faster payments, and seamless data flows from Cvent to GroupPay, which will automate the process by pulling in the event’s RFP data, in turn eliminating the need for M&E planners to manually enter it into GroupPay.
Tony Wagner, Onyx chief commercial officer, said, “More than 200,000 travel and meeting and event agencies and over 150,000 hotel properties trust Onyx’s powerful B2B payment automation platforms globally. Through this new partnership and integration with Cvent, mutual customers can benefit from the unique functionality of our respective technology platforms while helping enterprises increase ROI and optimize their meeting and event commission payment processes through a single pathway, from RFP to commission payments, with tax-compliant invoicing, automation and centralized analytics to drive business decisions.”