Travel consolidating at cost
Improving visibility for all aspects of meeting management came in second at 51%.The study was sponsored by meetings management provider ACTIVE Network and released at the recent Global Business Travel Association convention.“This survey is the formal validation of the whole strategic meetings proposition,” said Anthony Miller, ACTIVE Network vice president of industry strategy & business development.“Anyone who has worked with SMM has seen the improvement in spending and results, but now we have data to validate what has been anecdotal, a gut feeling that SMM is a positive move,” said Miller.“Now we have research to show just how it helps companies, attendees and planners.”Relevant to travel managers Travel managers need to pay attention because meetings and events are increasingly falling under the travel department.
Long vacations in the sun can be achieved through creative budgeting, refinancing your debt, working abroad, choosing economical locations, or volunteering your time to reduce the cost of travelling.
T&E expenses have additional steps such as travel booking, entertainment expenses, mileage, per diems etc.
When the two processes share so many similarities, it is not surprising that manual and labor intensive invoice and expense management processes are plagued by some of the same challenges.
Companies can realize substantial savings by following strategic meetings management (SMM) standards, according to a recent study.
That’s a messsage travel managers need to hear as meeting and event planning increasingly falls within their departments.