Integrating Corporate Travel, Procurement and Meeting Management
February 2nd, 2009 / White Papers / pdf
A Best Practices Roadmap to Strategic Meetings Management Success
Even for companies with mature travel management programs, meetings often represent a fragmented and uncontrolled spend category. By integrating strategies between travel and meetings departments, companies position themselves to reap big rewards through increased spend visibility, control and compliance.
Executive Summary
As the economy threatens corporate revenues, travel budgets are being scrutinized-and travel managers are being pressed-for further cost savings and tighter management controls.
Meetings spend has proven one of the least visible spend categories in an organization. When corporations delve into the issue, they are likely to find that as much as 35 percent of travel spend is dedicated to meetings.
With the progress travel management has made over the past 10 years-incorporating procurement strategies, sophisticated booking and tracking tools, and strict supplier management-the knowledge that organizations may leave more than a third of their leveraging power on the table should be an impetus for action.
In this white paper, StarCite presents its latest industry research about where corporations stand when it comes to travel and meetings integration-and a roadmap for companies ready to reap the rewards of an integrated approach.
