August 27, 2019
By Madeline Hessel

Last week’s post covered mitigating risk when it comes to your meetings management program. This week, we’re pivoting to focus on how your program can contribute to HUGE cost savings for your company.

Meetings are proven drivers of productivity, sales, and engagement. They are so impactful, in fact, that 1.1% [2]Aberdeen Group, 2012 of a corporation's total revenue is spent on meetings and events. Yet, when it comes to costs most companies have no idea how much they are spending, or where they are spending it. That’s where you come in!

Travel & Entertainment (T&E) is the 2nd most difficult corporate expense to control, after maintenance & repairs. Over the past 17 years, Cvent adopters have realized huge cost savings in their meetings programs. We’ve seen an average decreased cost of 30%. [1]Frost & Sullivan, 2013  

Download the Meetings Starter Kit today to get a holistic view of your travel and meeting spend across your entire organization. Control all your costs, boost negotiating power, save more money, ensure compliance, and track duty of care.   

This post is part of a series on meetings management. To see other blogs in the series, click here.  

5 event trends to watch for in 2023
Subscribe to our newsletter