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HP plans $23m savings through tech rollout.

Publication: Business Travel News
Publication Date: 18-JUL-05 		Format: Online - approximately 1010 words
Delivery: Immediate Online Access

Article Excerpt
Decentralized Hewlett-Packard Co. saved nearly $2 million in the first half of 2005 through an ongoing pilot program of a comprehensive meetings technology system that includes a new payment process, sourcing procedures and online booking and attendee registration tools. The company's meetings and hotel program manager said program standardization has been the key to generating cost savings in HP's silo environment.

Deborah Matarazzo, manager of global strategy for HP's meetings and hotel program, said the "SmartMeetings" tool provides a central repository for the company's meeting spend and is comprised of four pieces of technology: OneForm, RegWeb and RFP Marketplace, each provided by StarCite Inc., and Outtask's Cliqbook online booking tool. Although Matarazzo said HP still is in the process of identifying its total meetings spend, it is estimated in the "hundreds of millions of dollars." A previous estimate was $170 million, she said.

"We've usually used a percentage of our...

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