Home | Business News | Browse by Publication | B | Business Travel News

Firm policies lower midmarket co.'s costs.

Publication: Business Travel News
Publication Date: 20-SEP-04 		Format: Online - approximately 1050 words
Delivery: Immediate Online Access

Article Excerpt
The establishment of strict policies that centralize control of many logistical aspects of meetings management, with strong consequences for noncompliance, has helped Education Testing Service avoid about $3.5 million in combined transient and meeting expenditures,

The Princeton, N.J.-based nonprofit educational testing and measurement firm in the past three years created a central meetings and travel management department and mandated policy that gives that department extensive control over meeting site selection, air travel choices. contracts and payment options. With nonreimbursement a possibility for the noncompliant, and policy exceptions granted only by the firm's two top executives, compliance is high.

ETS has negotiated overall deals with hotel chains, airlines, a travel management company and a corporate card vendor, each of which has a specific meetings component, and uses volume from both transient and meetings travel to affect the negotiated prices for both.

ETS also has eliminated all direct payments to hotels for meeting services in favor of charging...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
Gelco launches new receipt mgmt. feature., October 04, 2004
Corps. gauge value of remote conferencing policies., September 20, 2004
Armed with negotiating leverage, resorts raise rates., September 20, 2004
Corps. reconsider use of cash over incentive travel., September 20, 2004
Introduction., September 20, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.