Groupize is the most-loved solution of choice for Fortune 5000 Companies. As the industry's all-in-one platform for travel & meetings, Groupize provides an entry point for corporations to manage expense, travel & risk for all meetings, events & guest travel. We are proud to work with:
Even as much of the business world has stopped traveling for non-essential meetings, we know from our other Fortune 500 customers that many of you are pulling together recruiting, training, and sales meetings over the coming months.
The whole world is focusing on health and recovery… getting “better”… medically, economically, and collaboratively at our jobs and our schools.
Surely, we can all agree that company payment policy is a key component of your meetings and events program. The policy will provide a clear and documented outline of the guidelines concerning meeting expenses and what is required to get expenses paid. The policy will also inform associates about the consequences of failing to comply with the policy and local payment terms.
From the onset of the process design, involving the right stakeholders is crucial to its success. Partner with the business process owner to ensure the right control points are identified and integrated into the Standard Operating Procedures (SOPs). We recommend engaging with at least the following groups:
• Meeting Management Team
• Third-party meetings agency
• Meetings management technology provider/IT
Where a PO process is in place, ensure that all teams are clear on the workflow and tracking of the process. A similar process can be applied for other payment methods such as card products or inbuilt as part of a payment platform. If using a card method such as p-cards, meeting cards, or corporate T&E cards, a level of reasonable control should be built into the process, possibly scaled by payment value.
Ultimately, a technology solution will increase automation in the payment process. For example, if you have a technology platform in place, the meeting could be required to be registered, a meeting ID aligned to the request, and that ID must be issued before payments can move through for approval. This is a more advanced workflow, and with technology integrations, you can enable budget approval, card creation, assignment, and reconciliation as an integrated part of your meeting technology platform.
These are unprecedented times, and we can expect some sea-change impacts on business, behaviors, and expectations. Everyone will be required to respond and modify their business models for the new post-crisis ecosystem. How we plan, how we communicate and collaborate, and how we interact is all going to change. That being said, those who are quick to adjust will lead the way for the industry to follow. While so many may be taking things day-by-day, it’s critical to look to the future to determine the best course of action moving forward.
Now more than ever, corporations are looking for easier, more efficient, and cost-effective meetings management strategies to navigate through this period of uncertainty and into the future.