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NewProducts

Mews configure payment schedules once, allowing the system
to collect payments automatically without manual inter-
Recurring Payments, vention.
Multicurrency, Accounts Receivable Mews said the feature has already been piloted by more

www.mews.com than 100 properties, creating more than 16,000 payment
plans while helping reduce administrative work and pay-
ment delays.

The company also expanded Multicurrency to support on-
line payments in the United States and Canada, with in-
person payment capabilities planned for a future release.
The feature allows international guests to pay in their
home currency while enabling hotels to retain a share of
the currency conversion revenue that traditionally goes to
financial institutions.

Mews said nearly 5,000 European hotels have collectively
Increase hotel generated €1.55 million (US $1.77 million) in additional
revenue since the feature debuted there, with some prop-
erties offsetting a significant portion of their software
revenue with subscription costs through multicurrency transactions.

integrated payment Completing the revenue lifecycle is Accounts Receivable,
which automates invoice generation, payment reminders,
collections and reconciliation. Available initially for prop-
tools erties operating in euro markets, the solution provides fi-
nance teams with real-time visibility into outstanding bal-
ances while helping accelerate collections after checkout.
ews expanded the payments capabilities of Mews said internal data shows hotels often wait a week
its hospitality operating system with three or more after checkout before issuing invoices, delaying
new features designed to help hotels gener- cash flow and increasing the risk of unpaid balances. To-
M ate additional revenue, improve cash flow gether, the new capabilities enable hospitality businesses
and automate financial processes before, during and after to streamline payment operations while creating new rev-
a guest's stay. enue opportunities throughout the guest journey. They
also illustrate the growing role of embedded payments
The enhancements include Recurring Payments, an ex- within vertical software platforms,
panded Multicurrency offering for North America, and
Accounts Receivable automation, extending the platform's Mews supports more than 15,000 hospitality properties in
role beyond property management into revenue optimiza- 85 countries, providing an integrated platform that com-
tion. bines property management, POS, revenue management,
housekeeping and payments into a single operating sys-
Recurring Payments enables hotels to automate billing for tem. For more details, please visit www.mews.com.
extended-stay guests, memberships, co-working spaces
and other subscription-based services. Properties can

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