HFTP News
March 24, 20233 min read

HFTP Corporate Allied Sponsor Spotlight Feature: Paymerang

HFTP CAS Spotlight

In these uncertain economic times, many hospitality organizations are putting out the welcome mat for Accounts Payable (AP) automation solutions that streamline operations for their finance departments. Through the HFTP Corporate Allied Sponsorship (CAS) program, get to know companies like Paymerang, whose powerful finance automation technology eliminates fragmented payment systems, increases data security and greatly reduces fraud risk.

Paymerang is proud to be entering its third straight year of HFTP partnership.

"Our company has witnessed tremendous growth in the hospitality industry and we enjoy collaborating with these talented professionals," says Paymerang's Vice President of Business Development Michael Prall. "We invite HFTP members to learn more about our Invoice Automation and Payment Automation solutions that will help hospitality finance teams boost efficiency and safeguard payments."

What Paymerang Has to Offer

By moving to an automated payment and invoice platform, hospitality finance teams can save thousands of hours a year previously spent tracking invoices and mailing out checks and instead devote time toward the development and execution of strategic initiatives including boosting revenue, professional development and redoubling efforts to enhance the guest experience.

Paymerang, partnered with fellow HFTP Corporate Allied Sponsor M3 Accounting Services, the No. 1 provider of cloud-based hotel accounting software across North America, to help bring the hospitality industry into the digital age.

One of their proudest case studies is Northpointe Hospitality Management, a leading hospitality management firm specializing in complex, historic and distinctive projects with hotels and restaurants throughout the U.S. Paymerang worked closely with Northpointe's finance team to transform their arduous AP processes.

In addition to other time-consuming tasks, Northpointe was still cutting physical checks, stuffing them in envelopes and mailing them out nationwide. Now, they just upload the data into Paymerang's Payment Automation platform and easily track payments with just a few clicks. Bank reconciliation time was also greatly reduced—another big benefit.

As Northpointe's president Greg Winey reported following the system overhaul, "In transforming our AP department, it allows us to focus more time on the development of our team members in the field and to create better relationships between both our internal and external guests."

Isn't that what the hospitality industry is all about—providing an exceptional, memorable guest experience? When accounting teams are unshackled from cumbersome traditional methods of doing business, they can plan forward strategically for a healthy bottom line.

Paymerang is looking forward to engaging with industry professionals at HITEC Toronto 2023 on June 26-29, 2023 at the Metro Toronto Convention Centre. Visit them at Booth #1036 in the Exhibit Hall!

About the HFTP Corporate Allied Sponsorship Program

The HFTP Corporate Allied Sponsor (CAS) program offers companies a way to gain visibility, partner with professional memberships to HFTP, and gain savings with exhibit and sponsor discounts to HFTP events and virtual education. Learn more about how you can become a Corporate Allied Sponsor by visiting the HFTP website.

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