DALLAS, Nov. 1, 2023/PRNewswire/ -- Onyx CenterSource, the world's leading provider of B2B payments and business intelligence for the hospitality industry, today announced a new integration between its GroupPay payments platform and Cvent, a leading technology provider for meetings, events and hospitality. Additionally, Onyx announced a partnership with Cvent, which will create added value for mutual customers by offering automation, visibility and standardization of meeting and event commission management through GroupPay.
"This integration with GroupPay will provide Cvent customers with a single, seamless path from requesting a proposal to receiving commission payments for their meetings and events," said Mike Tenholder, senior director of alliances at Cvent. .
The integration, scheduled to launch later this year, will allow Cvent users to automate and better manage their M commission payments.
Thanks to this integration, customers will be able to take advantage of Cvent's robust marketing and event management platform while also using GroupPay. The integration will also improve data and information sharing between the two platforms, providing them with greater visibility into payment status at all stages.
Additional benefits of the integration include centralized, standardized submission of tax-compliant invoices, which will expedite payments, and seamless data flows from Cvent to GroupPay, which will automate the process by entering event RFP data, eliminating in turn the need for M planners
Tony Wagner, chief commercial officer at Onyx, explained: "Over 200,000 travel, meeting and event agencies and more than 150,000 hotel properties rely on Onyx's powerful B2B payment automation platforms globally. Through this new partnership and integration with Cvent, mutual clients can benefit from the unique functionality of our respective technology platforms, while helping companies increase return on investments and optimize their meeting and event commission payment processes through a single path, from RFP to commission payment, with tax-compliant billing, automation, and centralized analytics to drive business decisions."
About Onyx CenterSource
Onyx CenterSource is a leading global provider of B2B payments and business intelligence solutions for the hospitality industry. The company strives to build lasting relationships with its partners and is passionate about providing quality customer service, consultative insight and cost-effective solutions. With a legacy dating back to 1992, the company facilitates more than $2.1 billion in payments annually, partnering with more than 150,000 hotel properties and 200,000 travel booking providers in 160 countries. In addition to its headquarters in Dallas, Onyx CenterSource has regional centers in Seville (Spain), Tønsberg (Norway) and Manila (Philippines). For more information, visit www.OnyxCenterSource.com.
About GroupPay from Onyx CenterSource
GroupPay is an industry-first payment automation platform that offers hotels and meeting professionals unprecedented transparency and efficiency in proactively tracking and managing their event commissions, facilitating reconciliation, compliant billing and streamlining payments. For more information, visit www.OnyxCenterSource.com/GroupPay.
Cvent Holding Corp. is a leading meeting, event and hospitality technology provider with more than 4,800 employees and more than 21,000 customers worldwide as of December 31, 2022. Founded in 1999, the company provides a comprehensive marketing and event management and offers a global marketplace where event professionals collaborate with venues to create engaging and impactful experiences. Cvent is headquartered in Tysons, Virginia, just outside Washington D.C., and has additional offices around the world to support its growing global customer base. Cvent's comprehensive event marketing and management platform provides software solutions to event organizers and marketers for online event registration, venue selection, event marketing and management, virtual and in-person solutions, and commitment of attendees. Cvent's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual and hybrid events. Hotels and venues use Cvent Vendor and Venue Solutions to win more corporate and group travel business through Cvent sourcing platforms. Cvent solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. For more information, visit Cvent.com.
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