starcite brief
TRANSCRIPT
•Who we are•How we do it•What they are saying
The leader in meeting solutions
Ecosystem
Corporate Buyers450+ Global 2000 customers•9 of Top 10 Pharmaceuticals•8 of Top 10 Technology•9 of Top 10 Financial Services
Operations in US, EU, APAC
Event Suppliers93,000 meeting suppliers
$7.5B in revenue opportunities
21M room nights
3M attendee registrations
Power 30 brand websites
The technology solution for all major travel and meeting management companies
Integrations with: American Express Card, Newmarket, Concur, GetThere, Orbitz, Oracle, Amadeus
StarCite’s meetings platform
A complete meeting solution
• Track meetings across the company; manage approvals
• Ensure compliance with industry regulations
• Consolidate and leverage spend• Improve attendee experience and
service to meeting owners• Automate attendee management,
budgeting, payments and reconciliation
Benefits of using StarCite
Sources of savings from StarCite
Automation
•Reduced planner time spent managing logistics•Reduced outsourcing of registration websites & attendee management tasks•Total air savings through advanced booking and OBT
3 - 6.5%
Sourcing
•Sourcing related savings through better negotiating power•Reduced agency commissions •Vendor consolidation and preferred supplier programs
4.8 - 8%
Compliance
•Avoid penalties & fines associated with SOX•Reduce inappropriate perks and gifts•Standardized terms & conditions reduce risk
1.6 - 5%
Visibility
•Demand management •Reduction of budget overrun•Reducing cancellation/attrition penalties
2.4 – 5.5%15-25% Savings
Validate/confirm executive alignment on project scope, approach, timeline, objectives and deliverables
Determine key areas of focus, current business challenges, and desired objectives where Starcite can help unlock business value
Executive Summary: Key findings; business issues/challenges and recommended solution; value drivers and business benefits; net present value (NPV) and payback analysis with waterfall model
Detailed Findings: Best practice process detail; benchmark findings; benefit calculations; deployment strategy; costs; business case results
TransformationStrategy(Starcite)
Alignment& Scope
(Executive Sponsorand Project Sponsor)
ValueDiscovery
( Project Teamand SMEs)
Validation &Final Analysis
(Teams)
Understand/validate current processes and business issues through targeted interviews
Conduct functional interviews to gather specific challenges
Collect initial operational and financial data via benchmarking study and waterfall analysis (pre-workshop effort)
Finalize solution scope and recommendations
Identify and prioritize target opportunities
Establish the deployment strategy and value proposition
Develop operational and financial benefits to estimate potential cost savings and efficiency improvements
Prepare high level cost estimates
Validate findings and deliver preliminary business case, complete with waterfall analysis
Review process and best practices change management requirements
Deliverables
Strategic Value Analysis (SVA)Process and Deliverables
Activities
Don’t just listen to us
… Xerox, which estimates that it has saved 40 % on costs through its aggressive meetings-management program. Xerox's ally in this mission is StarCite, which is among a new class of
online service providers that has emerged to help organizations address this need.“
“ At many companies, some 70% of meetings consist of 50 or fewer participants. And their popularity is growing nationwide… Supporting the growth are organizations that cater to modern meeting requirements like StarCite.”
StarCite, based in Philadelphia, has become the main choice for a comprehensive technology tool to plan meetings from
beginning to end..”
For purchasing, the next strategic sourcing opportunity in travel is meetings management“. Meeting planning has the attention of CPOs and other top managers of companies across the nation these days for several reasons:
new availability of spend data (often generated by new technology tools) …
“One of the best examples is Cisco Systems, which uses the StarCite online tool to plan its meetings and has already realized 16% savings on its meetings spend by using StarCite’s
centralized sourcing tool and database”
Corporate-card data is a powerful tool when negotiating with travel suppliers“ Not only does the use of a corporate card make payment easier
for employees, it also provides more detailed spend data so purchasing can manage compliance to travel policy and leverage in negotiations with
airlines, hotels and other travel services suppliers.”