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The financial crisis has prompted companies in every industry, in every country to reduce costs, improve controls and increase operational efficiency. Many organisations, for example, have taken the opportunity to exercise control over Travel and Entertainment (T&E) with corporate card programmes and expense management processes, resulting in reduced spend. Meetings and events however, is an area of corporate expenditure which represents a significant opportunity that is often overlooked. Although economic conditions are generally improving, pressure on senior management to increase visibility over the company's finances, control external costs, and increase operational efficiency continues unabated.
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