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MEETINGS MATURITY MODEL 04 03 02 01 Emergent Operative Spend Visibility Electronic RFP Infancy Static Budget Standard Budget No Policy Attendee Registration Meeting Request Attendee Registration Manual Meeting Request Meetings in Travel Policy Meeting Request Meetings Policy DEFINE ROLES AND PARTNERS WITHIN YOUR ORGANIZATION Start with your core team who plans meetings. Check with your procurement team for another player to add to the roster. Look to identify other stakeholders who plan meetings within your organization. After you get a solid list, then you can work toward building a policy that lets everyone know that you are working to leverage the spend that each of these constituents consumes within their meetings budgets. Add the meetings policy language to your travel policy and then work up from there over time to establish a broader meetings and events policy. Think of it as a crawl-walk-run approach. MAKE YOUR POLICY WISH LIST State your goals and establish what topics you want to cover in your meetings policy document. These topics may include strategy, communication, preferred vendor utilization, meeting/event service requests (to help you know when people are requesting support), group hotel sourcing process and payment process. Once you have the core elements above, you can move into data analysis and reporting, ROI and continuous improvement down the road. CALCULATE YOUR TOTAL SPEND It’s easy to stop at the first number you find when determining your spending. But chances are, there is more to the story. If you already have a meetings and events calendar or database, query that for data as a first step. Next, ask the hotel vendors you’ve used in the last year to provide information from your invoices. Contact 26 Excelling Business Intelligence Integrated Programs Best Practices Spend Optimization Electronic RFP Comprehensive Budget Attendee Registration Meeting Request Comprehensive Meetings Policy 05 Mastery Benchmarking Business Intelligence Integrated Programs Best Practices Spend Optimization Electronic RFP Comprehensive Budget Reconciliation Attendee Registration Meeting Request Comprehensive Meetings Policy with Compliance Measurement the travel department to collect charges on business travel spending. Examine the finance department’s T&E charges greater than $1,000 or $1,500. Chances are those receipts represent a simple meeting. Now that you are armed with this information, consider how you can start to manage the process better. How can you get strategic about your spending? CONSIDER VENDOR SUPPORT A travel management company manages all aspects of meetings and events on behalf of a company. We get preferred deals for your hotel spending and track those dollars in our system. We act as your buying agent to get better hotel rates and added-value amenities like waived resort fees, free parking and free Wi-Fi. Take a look at this Meetings Maturity Model initially developed by the GBTA Meetings Committee. We’ve refined this to align with some of the key focus areas that we help clients manage. We can help you advance your program into the operative category by managing the RFP process, your budget and registration, and by creating a comprehensive meetings policy without a lot of work on the client side. ROLL OUT Align your meeting policy rollout with a communications plan and a program sponsor. Your sponsor should start with a beta group of meeting planners and make them advocates of your new policy. Don’t forget to toot your own horn. Make sure your co-workers know about — and use — your new meeting policy by using the company intranet and other internal PR resources.