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Eved (legally Eved, LLC) is an American financial technology company headquartered in Chicago, Illinois, that provides accounts payable automation and payment management solutions for the events, media, and entertainment industries.^[1] The company operates a platform that automates vendor onboarding, invoice processing, and global payments across more than 190 countries and 136 currencies.^[2] Eved is a certified SAP partner and its platform is available on the SAP Store.^[3]

Eved was founded in 2009 by Talia Mashiach, a serial entrepreneur who had previously operated an event management company.^[4][5] In 2010, Mashiach invested the first million dollars of her own capital into the venture after identifying systemic inefficiencies in how event companies managed vendor payments.^[2] The company's initial product focused on automating the procurement and payment workflows for the meetings and events industry, which had historically relied on manual processes operating outside traditional enterprise procurement systems.^[4]

Forbes profiled the company in 2010, noting its ambition to modernize the event-planning business through technology.^[6] By 2012, the Chicago Tribune featured Mashiach as part of its executive profile series, highlighting her background as a former competitive athlete and her approach to building enterprise software.^[5]

In December 2015, Eved raised $14.3 million in funding to support hiring and expansion of its client base.^[7] The Chicago Tribune reported that the funding round would enable the company to scale its platform to meet growing demand from enterprise clients.^[7] By this period, Eved had established relationships with Fortune 500 companies requiring compliant payment workflows for large-scale events.^[3]

The company was also recognized within the Chicago technology community. In 2018, Built In Chicago featured Eved among eight Chicago technology companies known for facilitating innovation.^[8] That same year, Supply & Demand Chain Executive published Mashiach's analysis of procurement visibility challenges facing enterprise organizations.^[9]

The COVID-19 pandemic severely impacted Eved's core events business. According to the company, approximately 70 percent of its clients contacted the company to cancel services when live events ceased in early 2020.^[2] Rather than close, the company pivoted into the film and television production sector, where each production involves complex logistics, hundreds of vendors, tight timelines, and substantial financial workflows that had been managed manually for decades.^[2]

In April 2023, Eved announced a formal partnership with SAP to bring its payment and vendor management platform to entertainment, media, and production companies.^[3] The partnership extended SAP solutions—including SAP Ariba, SAP ERP, SAP S/4HANA, and SAP S/4HANA Cloud—to address vendor onboarding, validation, and payment in the media and entertainment industry.^[3] The announcement was covered by Business Wire, ProductionHub, Insightful Accountant, and the Media & Entertainment Services Alliance (MESA).^[3][10][11]

According to the 2023 press release, the company reported that its platform reduced vendor onboarding time by 95 percent, decreased fraud by 90 percent, and provided full automation of payments and reporting.^[3]

In subsequent years, Eved expanded its product suite to include the EvedPay Card, a Visa prepaid card and mobile application designed for production companies to manage day-to-day expenses, facilitate approvals, and reconcile expenditures.^[12]

Eved's platform comprises three primary products:^[1][3]

The platform integrates with enterprise resource planning systems including SAP and provides connectivity with production accounting software used in the entertainment industry.^[3]

Within the entertainment sector, non-payroll vendor payments represent approximately 70 percent of the total payment volume for an average film or television production, despite accounting for only about 30 percent of the total budget in dollar terms.^[3] These payments typically go to independent suppliers, temporary workers, and small businesses such as hair and makeup artists, costumers, craft services providers, and security personnel.^[3]

Eved operates alongside other companies in the broader accounts payable automation space, including Stampli, Tipalti, BILL, AvidXchange, and Medius, though Eved differentiates through its specialization in the events, media, and entertainment verticals.^[2] In the entertainment-specific segment, Cast & Crew also offers AP automation services for the production industry.^[13]

Talia Mashiach serves as CEO, Founder, and Product Architect.^[2] She has been profiled by the Chicago Tribune, Forbes, Crain's Chicago Business, and American Business Magazine for her entrepreneurial leadership.^{[4][5][6][14]} Mashiach has spoken publicly about topics including bootstrapping, female entrepreneurship, and innovation in financial technology.^[15]

The company's board of directors includes Steve Sarowitz, the founder and chairman of Paylocity, a publicly traded human capital management company.^[2]

• Official website

Category:Financial technology companies of the United States Category:Payment systems Category:Companies based in Chicago Category:Software companies established in 2009 Category:Privately held companies based in Illinois Category:SAP SE Category:Accounts payable automation Category:Entertainment technology