INNOVATE PAYMENT METHODS TO ENHANCE THE MEETING EXPERIENCE

Transcription

1 INNOVATE PAYMENT METHODS TO ENHANCE THE MEETING EXPERIENCE

2 MEET TALIA Talia Mashiach, CEO - C E O, F o u n d e r, a n d P r o d u c t A r c h i t e c t o f E v e d y e a r s i n t h e M e e t i n g a n d E v e n t i n d u s t r y - B u i l t s e v e r a l s u c c e s s f u l t e c h n o l o g y c o m p a n i e s, i n c l u d i n g a C h i c a g o - b a s e d d e s t i n a t i o n e v e n t a n d m a n a g e m e n t c o m p a n y w h i c h s h e g r e w t o $ 9 m i l l i o n i n r e v e n u e i n f o u r y e a r s COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 2

3 WHY LOOK AT PAYMENTS? High Category Interest a. People are interacting more than ever before b. Face to face meetings and events growing in importance c. Strategic thinkers in meeting and event leadership roles COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 3

4 WHY LOOK AT PAYMENTS? High Category Interest a. People are interacting more than ever before Data Drives Decisions a. Companies maximizing budgets b. Face to face meetings and events growing in importance c. Strategic thinkers in meeting and event leadership roles b. The changing role of meeting planners c. Powerful benchmarking increases strategy internally and externally COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 4

5 WHY LOOK AT PAYMENTS? High Category Interest a. People are interacting more than ever before Data Drives Decisions a. Companies maximizing budgets Payments = Transparency a. Global Payments Solution b. Face to face meetings and events growing in importance c. Strategic thinkers in meeting and event leadership roles b. The changing role of meeting planners c. Powerful benchmarking increases strategy internally and externally b. Touchless Easy BillPay c. Event and HCP Payments COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 5

6 WHY DO ORGANIZATIONS USE DIFFERENT PAYMENT METHODS? PRO S Quick payments Flexibility Rebate Program CREDIT CARDS CON S Loss of control Fraud Intensive reconciliation No granular data COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 6

7 WHY DO ORGANIZATIONS USE DIFFERENT PAYMENT METHODS? PRO S Supplier relationship management Budget control Front-end approvals PURCHAS E ORDERS PO CON S Expensive and time intensive supplier onboarding Change order process No flexibility COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 7

8 WHY DO ORGANIZATIONS USE DIFFERENT PAYMENT METHODS? PRO S Budget management Spend reports OUTSOURC ED 3 RD PARTY CON S Expensive Not universal Intensive manual data entry After-the-fact COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 8

9 EVED PROVIDES ALL OF THEIR BENEFITS PO CREDIT CARD BENEFITS Ease of use Flexibility PO BENEFITS Supplier relationship management Budget control 3 rd PARTY BENEFITS Budget Management Spend Reports COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 9

10 GLOBAL SYSTEM OF RECORD FOR EVENT SPEND Why is it important to have a system of record for event spend? Category Management Compliance and Control Supply Base Optimization Better Event Experience COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 10

11 System of Record for Event Spend Situation: Pharmaceutical Company had high level data but not granular enough to find sourcing opportunities outside of hotels. Solution: Granular data provided the opportunity to beyond supplier rationalization and begin supplier optimization. Success: 96% of all charges are now categorized with detail, providing deeper insights to event spend. COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 11

12 Solving Payment in a complex organization Situation: Technology Company had an issue with event costs outrunning their budget, and struggled to pay vendors on time. Solution: Automated payments to a touchless system that supported the company s complex requirements. Success: Saved $1.4M in costs by eliminating third party headcount that was managing payments. COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 12

13 HCP PAYMENTS Payment is the final touch the HCP experiences with your company What is that experience like for them? What is it like for you to get them paid? COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 13

14 WHAT ARE YOU SEEING? COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 14

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20 QUESTIONS? VISIT EVED AT BOOTH 116 ALL USERS: Complete visibility of spend ALL DATA: Spend data automated ALL PAYMENTS: Digital payment solution simplifies how companies manage and pay their bills COPYRIGHT 2017 EVED, LLC. ALL RIGHTS RESERVED 20

21 THANK YOU!