Leisure Companions, which supplies varied providers to the movie and TV trade, introduced Monday that it’s buying CASHét, a number one fee processor for productions.
CASHét supplies p-cards and handles accounts payable features via an internet portal.
“CASHét has constructed an revolutionary digital fee platform that’s trusted throughout the trade,” Markham Goldstein, president and CEO of Leisure Companions, mentioned in a launch. “Bringing CASHét into our ecosystem will enable us to offer productions with an unmatched, absolutely built-in, end-to-end monetary resolution.”
Leisure Companions handles payroll providers, budgeting and assist in acquiring authorities manufacturing incentives world wide. It additionally owns Central Casting, the clearing home for appearing, together with different providers. The corporate has beforehand partnered with CASHét to supply its CASHétPay platform to shoppers.
CASHét will proceed to providing the identical providers, and can nonetheless work with different payroll suppliers, after the acquisition, the corporate mentioned within the launch. The corporate at present affords its full suite of providers solely within the U.S. and Canada, with the p-card additionally obtainable to productions in Europe, Australia and New Zealand. A part of the goal of the acquisition is to broaden these choices across the globe.
“Becoming a member of forces with Leisure Companions marks an thrilling new chapter for CASHét,” mentioned Paul Rogers, the president of CASHét, within the launch. “With EP’s world attain, monetary power and trade experience, now we have a possibility to broaden our environment friendly fee options to extra markets worldwide.”
CASHét was based in 2012, providing a bank card with 1% money again to impartial productions. Based on its web site, its shoppers now embody main studios, streamers, and cable and broadcast firms.
The post Leisure Companions Acquires CASHét, Digital Funds Vendor appeared first on Allcelbrities.
