SmartMeetings

APRIL 3, 2020

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.

Financial 94

Financial Insurance Meetings Food and Beverage 94

TicketBud

DECEMBER 13, 2023

Instead, event planners are living within the constraints and are more reliant on proper planning and financial forecasting to ensure the success of their events. Why Event Budgets are Important A budget serves as a financial blueprint for a successful event, aligning expenses with desired outcomes and ensuring financial viability.

Negotiating 113

Negotiating Financial Food and Beverage Sponsorships 113

Velvet Chainsaw

MAY 25, 2023

Planner frustrations include: Late assignment — or recurring turnover — of key project managers Unexpected increases in expenses Lack of empowerment to negotiate or problem-solve Unacceptable response times No clear escalation path for service recovery As for vendors, many face headwinds as they work to rebuild their service delivery teams.

Negotiating 195

Negotiating 2023 Financial Management 195

Velvet Chainsaw

MARCH 15, 2023

This perfect storm significantly threatens the sustainability of associations and adds tremendous pressure to those who are organizing events to find ways to improve their financial performance. Planners are charged with making the problem go away but have little to no negotiating power.

Event Planning 370

Event Planning Food and Beverage 2023 2019 370

Eventtia

NOVEMBER 10, 2023

Each model has its own advantages and trade-offs, so selecting the one that aligns best with your objectives and financial resources is essential for successful event planning. Determine how much your organization can allocate to software expenses without straining your financial resources.

Event Management 117

Event Management Management Negotiating Financial 117

SmartMeetings

JANUARY 2, 2018

I have heard of planners negotiating out this fee,” says Lauren Wolfe, a lawyer who publishes the website killresortfees.com. ” Kear also advises that planners bring along their financials from previous years’ events to show their hotel spend and P&L.

Negotiating 74

Negotiating Hotels Food and Beverage Contracts 74

Event Industry News

NOVEMBER 8, 2023

Introducing Eventwise, the new to market financial management platform specifically built for the events industry. In the ever-evolving world of event management, staying ahead of the curve is a non-negotiable imperative for success. However, the financial management aspect of these events […]

Event Technology 62

Event Technology Technology Negotiating Financial 62

Event Planning BluePrint

FEBRUARY 9, 2024

It’s the compass that guides every decision you make, ensuring that your event skills shine but also align with the client’s financial goals. It shows your vision in numbers and ensures that your event is financially feasible. Cost-Saving Strategies That Work Vendor negotiation is an art.

Management 62

Management Negotiating Financial Entertainment 62

Eventtia

OCTOBER 20, 2023

It serves as a financial roadmap, providing a clear view of all expenses and revenues associated with the event. By creating an effective event budget plan, organizers can exercise financial control and achieve maximum returns on their investments. Quick note: This guide works for free-to-participate events.

Financial 117

Financial Negotiating Entertainment Retail 117

Eventtia

NOVEMBER 10, 2023

Each model has its own advantages and trade-offs, so selecting the one that aligns best with your objectives and financial resources is essential for successful event planning. Determine how much your organization can allocate to software expenses without straining your financial resources.

Event Management 96

Event Management Management Negotiating Financial 96

Smart Meetings

OCTOBER 18, 2022

Negotiate a clause about what will make an event financially important to go forward and negotiate based on that.”. Instead, talk about concerns of people canceling and negotiate at what point it doesn’t work. Fee Negotiation. Don’t put pandemic in your force majeure clause because we are still in the middle of it.

Hotels 98

Hotels Negotiating Contracts Financial 98

ePly

APRIL 2, 2024

Financial savvy: From vendors to decorations to marketing, events can become very pricey affairs. No matter which sector you choose, though, there are some skills that are non-negotiable. For example, offering long-term work to a vendor may mean that you can negotiate lower prices for all contracts.

Negotiating 62

Negotiating Financial Event Planning Events 62

StraussCA

MARCH 7, 2024

Tip #1: Get Smart with Financial Management Efficient event planning within budget constraints begins with a thorough financial assessment. For instance, associations can negotiate favorable deals with event venues or suppliers to reduce costs without compromising on quality.

Event Planning 52

Event Planning Social Media Financial Sponsorships 52

Stova

AUGUST 24, 2023

Compare quotes, negotiate pricing, and evaluate the value each vendor brings to the event. Create a Detailed Budget Breakdown Creating a detailed budget breakdown is non-negotiable. Negotiate terms, explore package deals, and seek out partnerships that can offer mutual benefits.

Negotiating 52

Negotiating Financial Sustainability Entertainment 52

Eventmobi

JUNE 16, 2023

It lets you: Diversify revenue streams Increase financial stability Grow your program offerings Attract new members (with non-member/blended events) Diversify revenue streams Say you have 2,000 writers each paying $150 in dues every year. Non dues revenue is more than a temporary financial boost. a sense of security.

Sponsorships 195

Sponsorships Financial Social Media Conference 195

Event Industry News

NOVEMBER 8, 2022

Negotiations to achieve the new investment round started at around the same time. This financial backing will enable the technology company to move forward with a new acquisition strategy that is expected to materialise in 2023. Eventscase, the all-in-one event management software, celebrated its 10th anniversary last September.

Negotiating 115

Negotiating 2023 Financial 2021 115

Event Planning BluePrint

MARCH 25, 2024

An event planner must be adept at understanding client visions, negotiating with vendors, managing staff, and engaging with guests. Budgeting and Financial Acumen Financial savvy is key to successful event planning. Effective budgeting and financial management are the linchpins of this process.

Event Planning 62

Event Planning Financial Negotiating Education 62

Smart Meetings

NOVEMBER 15, 2023

Financial & Insurance Conference Professionals (FICP) brought 700 thought leaders together at JW Marriott Marco Island Beach Resort in Florida to prepare meeting professionals for whatever comes next with a call to reflect, discover and recharge.

2023 105

2023 Negotiating Insurance Financial 105

Attendease

APRIL 4, 2024

Negotiate ongoing partnerships with venues and vendors to secure bulk discounts. Looking ahead, factor scalability into your company’s long-term financial projections. Your largest conferences warrant bigger budgets than smaller meetups. Identify your primary revenue-driving events and invest accordingly to elevate the experience.

Event Management 195

Event Management Management Sustainability Corporate Events 195

Smart Meetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

SmartMeetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

SmartMeetings

FEBRUARY 16, 2024

Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. The negotiation phase is a good time to ask the hotel partner for ways to save—by using the same AV set-up as an event pre or post to share set-up costs for instance.

Contracts 98

Contracts Negotiating 2024 Hotels 98

Event Planning BluePrint

MARCH 15, 2024

Essential coursework should cover Human Resource Management, Event Sales and Sponsorships, Financial Accounting, Negotiating, and Relationship Management, equipping future planners with the necessary theoretical knowledge and practical skills.

Event Planning 62

Event Planning Negotiating Education Social Media 62

MeetingsNet

MARCH 7, 2024

The hyper-granular attention to detail required to negotiate and contract the various parts of an event, and then manage the ever-changing tactical and strategic elements leading up to the opening session, is beyond my capabilities. Read the story in our digital magazine now , or read it online at MeetingsNet.com as of Monday, March 11.)

Negotiating 59

Negotiating Contracts Financial Education 59

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator. In each section, Glynn and Eidsvold offer analytical observations: Incentive travel is returning, however slowly.

Travel 98

Travel Negotiating Contracts 2022 98

Smart Meetings

NOVEMBER 15, 2022

Koleen Roach, director of meetings and conference management at Securian Financial Group, led a panel of veteran explainers during Financial and Insurance Conference Professional ’s 2022 Annual Conference at Omni Boston Hotel at the Seaport. By the Numbers. Jeff Calmus. Tell a Story.

Financial 98

Financial Insurance Contracts Medical Meetings 98

Eventmobi

JANUARY 24, 2019

To begin building your budget, it’s best to determine what financial success means for your event and how you want to measure it. Let’s take a look first at how you can determine what financial success means for your meeting or event before talking in more detail about cash flow. Gifts in kind (actual fair market financial value).

Food and Beverage 199

Food and Beverage Meetings Financial Advertising 199

Event Planning BluePrint

FEBRUARY 3, 2024

The Event Planner’s Toolkit: Skills and Attributes Communication and Negotiation Clear communication is the cornerstone of event planning. Negotiation skills are equally important. Despite financial constraints, we maximized our social media reach and engaged local businesses for support.

Event Planning 62

Event Planning Negotiating Social Media Trade Shows 62

SevenEvents

OCTOBER 17, 2023

step 1: define your event objectives before delving into the financial aspect of your event, it’s crucial to have clear objectives. some costs, such as the venue and essential equipment, should take priority, while others may be negotiable. one of the most fundamental aspects of organising a successful event is budgeting.

Negotiating 52

Negotiating Food and Beverage Insurance Contracts 52

PCMA Convene

APRIL 25, 2024

The financial penalty for canceling was steep — almost half a million dollars. Gerard was able to negotiate the cancellation penalty down to almost half, thanks to the association’s positive, longstanding relationship with Gaylord Hotels and by contracting future meetings with the brand. Gerard said. Gerard said.

Meetings 117

Meetings 2024 Contracts Healthcare 117

Attendease

FEBRUARY 20, 2024

It’s crucial to monitor expenses closely and adhere to the budget to ensure financial stability. Effectively manage the event budget Based on your strategic plan, develop a realistic, line-item budget covering all aspects of the event — venue, vendors, security, food and beverage, staffing, swag, and the dozens of other expenses that pop up.

Corporate Events 195

Corporate Events Food and Beverage Social Media Event Management 195

Plan Your Meetings

AUGUST 7, 2017

And even more specifically, how to present at a financial meeting with executives. Some of the non-negotiable, need-to-know facts (apart from the time and date of the presentation) are: How long is the presentation? Nobody (even the most financial of chief financial officers) wants to look at slide after slide of spreadsheets.

Financial 28

Financial Negotiating Meetings Marketing 28

Conferences that Work

JULY 17, 2023

Though I’m weakly flattered that ChatGPT has also incorporated every single post I’ve written on my meeting design blog (over 750 posts in the last 13 years—around half a million words), OpenAI’s flagrant misappropriation of copyrighted works from pirate databases for their own financial gain is beyond the pale.

Meeting Design 293

Meeting Design Negotiating 2010 Technology 293

StraussCA

JULY 27, 2023

Financial Management: Coordinators may be involved in budgeting and financial aspects, tracking expenses, and ensuring the association operates within its financial constraints. They serve as a voice for the members and the association’s mission.

Financial 52

Financial Negotiating Social Media Tech 52

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator. Guest safety has become a focal aspect of incentive travel planning. Costs are changing and budgets must follow suit.

Travel 98

Travel Contracts Negotiating Hotels 98

Eventtia

OCTOBER 10, 2023

For instance, if you’re following the model of Campari Group, tools for managing budgets or other financial considerations become paramount. Also, it will help you identify your event’s requirements and the non-negotiable capabilities for its success. Negotiate pricing, review legal stipulations, and assess technical requirements.

Negotiating 118

Negotiating Retail Financial Management 118

MeetingsNet

JULY 7, 2023

Known as the Hospitality Group & Business Performance Index, the quarterly report combines event data such as attendee numbers and the volume of space booked from Knowland with group, corporate pre-negotiated, and GDS hotel-booking data from Amadeus. percent Financial/Banking: 8.2 hotels over those 12 months.

Hotels 65

Hotels Meetings 2023 Healthcare 65