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Accounting for contracts, savings.

Publication: Business Travel News
Publication Date: 22-SEP-03 		Format: Online - approximately 1015 words
Delivery: Immediate Online Access

Article Excerpt
Three years after establishing its first companywide travel and meetings management program, Chicago-based accounting and consulting firm Grant Thornton LLP saved more than $800,000 in meetings spending in 2001 and 2002 through centralized and more comprehensive contract negotiations.

Midmarket Grant Thornton, which currently spends about $6 million on U.S. booked air volume and about $2.1 million on domestic meetings, was able to consolidate control over the procurement of group travel of its 50 domestic branches without the issuance of a mandate, said national travel and meetings manager Cheryl Geib.

Additionally, the company has converged its group and transient hotel programs, insisting that preferred individual properties consider group volume when establishing transient room rates.

The roots of Grant Thornton's program extend only to June 2000, when Geib was hired to create the company's first national travel program. At that time, the company's meetings operations largely were held under the confines of its...

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