When preparing meetings and events, businesses frequently prioritize cost savings. Despite their desire to create entertaining and productive gatherings that stand out, they are frequently given insufficient budgets. However, regular meeting arrangements do not produce optimum results. In this blog article, we will highlight some of the cost-cutting options available through Meetingselect. By taking advantage of these chances, you may hold your meeting in an inspirational location that matches your needs while costing less than usual.
Some costs come with planning meetings, but this also provides an opportunity to learn how and when to save on those costs. We differentiate between direct savings and indirect savings to help you understand the various types of costs and the corresponding savings opportunities. The first relates to activities that immediately impact on your current spending and the second becomes obvious only after other cost-cutting initiatives have been applied.
Direct savings
Because of our extensive supplier network and purchasing strength, our venue marketplace offers a variety of discounted pricing. We have negotiated the finest offers, including cancellation policies, saving you money and time. This was especially useful during the Covid epidemic, as our agreements saved numerous businesses from financial losses due to cancelled meetings. You may quickly evaluate and choose the best event spaces within your budget, with over 500,000 conventional and unusual venues available locally and abroad. You can immediately examine what is available at each location by utilizing our platform to compare facilities and proposals, saving you time and avoiding additional costs for outsourced equipment, accommodation, and other essentials. Also, choosing a conveniently placed venue will help you save money on transportation and lessen your carbon footprint.
Indirect savings
Our primary focus is on gathering data on indirect expenses. We provide data that enables you to get spending insights and make well-informed future decisions. For example, you can compare approved bids to the cheapest ones to evaluate how frequently you choose a venue based on equipment, accessibility, or personal choice. This allows you to assess the necessity of your choices and make better future spending decisions. We also provide statistics on your top monthly and per-booker savings, cancellations, and other data outcomes.
To further reduce your workload, we provide computerized, centralized billing and handle administrative activities such as adding suppliers and references. We also reduce risks by eliminating deposits and streamlining the meeting planning process by researching, analyzing, negotiating, and reviewing locations in our marketplace.
You may save time and money by browsing and booking on one platform, instantaneously requesting numerous proposals from different locations, and engaging with them all in one place. Our services save you time, money, and effort, giving you more energy to generate the most excellent meeting outcomes possible. So, book with us today and get started!
