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Amex launches corporate events card in UK
American Express claims to have launched the UK’s first expense management solution for the events industry with the introduction of a corporate events card for the sector.
According to Amex 60% of travel managers say event management is their third most important responsibility. It says its card will help managers plan, pay for and analyse the costs associated with meetings, conferences, exhibitions and other events.
The card details all spend in one monthly statement and enhanced Management Information reports consolidate total spend in order to help companies to negotiate better deals with suppliers and budget more effectively.
Amex says the card provides a dedicated management solution for event expenses because they are “typically of a different type, frequency and average cost” from traditional T&E expenses charged to the American Express Corporate Card.
Niall Mackin, Head of Corporate Groups & Events said: “Among European Finance Directors and Travel Managers there is growing recognition of the cost savings potential within their corporate event spend. Our experience in the US – where we launched a similar card in 2000 – shows that this card is really helping our clients to cut costs.”
See our previous stories:
27 Feb 2002: Amex helps corporates target mobile phone costs
08 Feb 2002: Corporates turn to self-booking tools to cut costs
06 Feb 2002: Amex boss: ‘Time to change expensive travel industry infrastructure’
16 Jan 2002: Amex announces major shake-up
13 Dec 2001: American Express announces huge job cuts
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