According to CVENT, at many companies, different departments oversee the planning of small offsite meetings and the procurement and booking processes for corporate business travel. In addition, small events are often charged on corporate credit cards, and the expensing is categorized under general travel and entertainment, rather than business development. That discrepancy causes inefficiencies, including a lack of transparency around the true return of corporate meetings.
As reported by CVENT, however, the most comprehensive cloud-based event management platforms are developing dedicated options for planning small meetings that require travel. This allows corporate travel managers to easily consolidate meetings and business travel, so they can integrate their booking processes. They can also track the multitude of expenses in one place to better ensure policy compliance, competitive spending, and maximum transparency overall.