AMEX Signs with Travent
American Express has signed an agreement with Travent to launch “MeetingView Express”, a complete meetings and expense management solution, to companies across Europe.
The new solution has been jointly developed to give companies full control and visibility of their meetings and events expenditure, by combining the benefits of the American Express Corporate Meeting Card with the OnVantage MeetingView online meeting management platform, provided by Travent in Europe, to produce Meetings View Express. MeetingView Express provides companies with a solution that completely manages the end-to-end process of meetings and events expense management.
The professional meetings and events market is estimated to be worth $100billion globally, but the vast majority of companies are completely unaware of what is being spent on meetings.
“The agreement with Travent will allow American Express Corporate Meeting Card clients to generate significant cost savings by better understanding, tracking and managing their meeting and events spend. This is an area which we believe has been hitherto unexplored from a savings and management potential. We are delighted to work with Travent and believe that our corporate customers will benefit from this best-in-class corporate meeting management solution” said Paul Abbott, Head of UK & Benelux, American Express Commercial Card.
“Corporate meeting spend is the last great area of unmanaged spend in most corporations. Fragmented markets as well as the seasonal nature of events, hotel and travel supply, and the lack of transparency between meetings intermediaries such as hotel bookers, meetings agencies and the corporate client, all conspire to make it difficult to understand the spend across markets,” commented Ray Thackeray, Managing Director, Travent. “The Corporate Meeting Card truly augments our solution as we are now able to integrate the financial payment aspects of meetings and events into our overall meeting management solution, to deliver a truly multinational, comprehensive approach to meeting management which equates ultimately to greater savings to our clients’ bottom line.”
MeetingView Express holds all meeting and events information in one central location, which means businesses can reduce meeting planning and administration, improve the meeting payment and reconciliation process, negotiate better deals with suppliers and budget more effectively. By automatically integrating information from the American Express Corporate Meeting Card, MeetingView Express consolidates total spend and enables the organisation to use spend data to generate cost savings.