Reducing event spending
Working in the event industry means being in constant contact with budgets and expenses. And for a company, MICE (Meetings – Incentive – Convention – Exhibition) is an important budget. Indeed, it represents more than 3% of turnover.
The most expensive items
Event communication is also very important, and in 2018 it represented more than 8.2 billion euros for companies.
The choice of location is an important and decisive factor for a company's event expenses. A large part of the companies carry out their professional events within hotels. What remains a large budget, depending on the category of the hotel.
Choose places in more strategic neighbourhoods, where prices are less expensive. For example, look instead in the 15th arrondissement or the 17th, rather than the 6th for the city of Paris.
Periods throughout the year can be profitable. In an off-peak period, when there is less demand, you will find a place or accommodation at more affordable prices.
Be strategic. Do you want to organise a motivational and cohesion seminar? Rent a single room, and put a larger part in your activities. The goal is to choose the priority items, the ones that are most important to them of this event.
When organizing, you will realize that have can spend very easily for an event. That's why it's very important to analyze your purchases.
Ertram: a tool to manage your event expenses
Ertram is a platform that allows you to significantly reduce your event expenses. With the platform you can organize your events.
With Ertram, you quickly have an online platform to communicate with your customers and suppliers.
The platform offers you a wide selection of teamplates. It allows you to organize your events in a more useful and futile way. The platform will help you reduce your event expenses quickly.