A 23-year-old accountant uncovered $1.4M in vendor fraud at a midsize hotel, exposing how weak purchasing and receiving controls enabled a 12-year scheme by a trusted chief engineer.
EML Payments and OneJourney combine card-issuing infrastructure with hospitality automation to convert supplier payments into virtual cards and replace paper gift vouchers with digital stored-value cards, targeting luxury and premium hotels.
Folio launches an embedded expense management product at HITEC 2026, integrating card-based purchasing, multi-entity accounting, and AI receipt reconciliation directly into its hotel procurement platform.
The article separates proven AI capabilities like AP automation from emerging tools like natural-language queries, helping finance teams evaluate vendor claims.
OneJourney's SwiftPay platform enables hotels to earn income from supplier payments through a digital wallet system, with Muralto Madrid as first European customer.
Elektraweb integrates Fikäfi's payment system to help 5,000+ hotels recover lost bookings from payment failures, claiming two shadow guests exist for every completed booking.
The solution targets hotels, serviced apartments, and holiday parks managing high-volume transactions with automated payment collection and recurring billing capabilities.
OneJourney's SwiftPay platform offers hospitality operators 1%+ cashback on supplier payments through bank-integrated payment cards with no setup fees.