Meetings and Events
Integrate meetings and events in the travel program to control and optimize the related spend
In most companies, meetings and events remain uncharted territory for savings, although spend often represents 25-40 percent of a total travel and entertainment budget. There are several reasons for this. Meetings and events run the gamut from five-person training sessions to multi-million-dollar trade shows, with a host of large and small gatherings in between. Frequently, procurement and planning are decentralized, with each department or business unit overseeing its own projects. As a result, purchasing is fragmented and few if any contracts with preferred suppliers exist. Furthermore, tracking spend is virtually impossible. More and more companies, however, are reversing the tide and applying the principles of effective travel management to their meetings and events.
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