the past, present, and future of spend management
TRANSCRIPT
Tech Talk: The Past, Present & Future of Spend ManagementLinsey Giant | AnthemCindy Heston | AnthemJeannie Griffin | Cvent
What is P2P?
Supported by CVENT platform Partially or Not Supported by CVENT
P2P Maturation
How much am I spending on meetings?
How much do meetings really cost me?
How much control do I have around the process?
PHASE 1
PHASE 1
PHASE 2
What is working today?
What doesn’t?
Case Study: AnthemSetting a new standard
Solution Overview• Integration of Cvent Meeting Request Form
• API of identifiable expense criteria
• Open bi-directional feed of data that ensures proper analytical event management
• Provides integrated work flow for efficient planner reconciliation
• 25% improvement in time management
New Meeting Card Amex Feed
Selection of Expense Types (meeting card workflow added)
Selection of expense types (meeting card workflow added)
Event Selectionvia AllocationSelect new Event via the allocation
These can be filtered by Event Planner via Allocation filtering
We can setup so only Event Planners can use the “event” expense types
*not viewable by individual corporate card users
Determines Approval Routing
Determines Owners for who should see Event
15+ fields arepre-populated from the Cvent Meeting
Request Form
Welcome Page – Access to Budget
Event
Analytics Budget Report
Anthem Advantage- Stakeholder Benefits
TODAY
Total transparency of event budgetAllocation and warnings if close to budget
TOMORROW
View of travel expense Input of other ERP data related to event
Anthem Advantage – Planner Benefits
Streamline of data entry
Accuracy and visibility into budget
Redundancy eliminated for budget management
Ownership and consultative client work flow
Reporting and Data
Reporting and Data
Cvent Solutions
APIBenefit:Create dynamic workflows that provide efficiency and data accuracy
MRFBenefit:Standardized form that collects meaningful data and metrics for your company
CONCUR EXPENSE
Benefit:Find out how much meetings really cost by pulling ancillary traveler spend in addition to meeting spend
CITICARDBenefit:Centralize form of payment while maintaining stringent controls, but provide reconciliation efficiency
TRAVELCOST IMPORT
Benefit:Leverage data already housed in Cvent to populate budget actuals for maximum efficiency and accuracy of data
BEFORE YOU GO!Take thesession survey!
Thank YouLinsey Giant | AnthemCindy Heston | AnthemJeannie Griffin | Cvent