Velvet Technology Inc. provides a live performance operating system that streamlines event management through integrated calendar management, offer generation, and settlement processes. This software eliminates double-booking, reduces miscommunication, and accelerates the creation of professional offers, enhancing operational efficiency for venues.
Funding
Funding not disclosed
Founders
Product
Problem
Venues often struggle with fragmented event management processes, leading to double-bookings, miscommunication between teams, and inefficient offer generation. Managing holds, creating professional offers, and settling events typically involves cumbersome spreadsheets and email chains, increasing the risk of errors and delays.
Solution
Velvet Technology provides a live performance operating system designed to streamline event management for venues. The platform integrates calendar management, offer generation, and settlement processes into a single, unified system. By centralizing these functions, Velvet eliminates double-booking conflicts and reduces miscommunication, ensuring all team members have access to the right data. The system also accelerates the creation of branded, professional offers through customizable templates and a modular offer builder, enhancing operational efficiency and profitability.
Target Audience
The primary target audience includes venues, event planners, and promoters seeking to streamline their event management processes and improve operational efficiency.
Features
- Integrated calendar management for creating, updating, and tracking holds across multiple rooms
- Customizable offer templates for generating branded, professional offers quickly
- Modular offer builder for creating detailed and complex offers
- Automated settlement tools with documentation for secure and transparent financial reconciliation
- Centralized collaboration platform for team communication and version control
- Support for various deal structures, including versus deals, bar deals, rentals, and co-promotions