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Article Excerpt
A mandated corporate meetings policy that controls contract signing authority and appropriates earned planner points into company coffers has saved 15 percent of meetings spending for the Marshall, Minn.-based Schwan Food Co. This year, with a meetings technology tool in place, the company's meeting manager aims to further consolidate data and drive savings.
Through the policy, which was mandated in November 2005, the company last year saved or avoided $750,000 in meetings spend, said Cheryl Hoffard, manager of meeting services. In attrition-charge avoidance alone, the company saved $43,000 by pushing a rebooking clause in a standard addendum developed with the help of Schwan's legal department.
"We're streamlining the entire process of meetings, when before you had one person doing the contract and then another do the air and...
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