How ME SOURCING delivered end-to-end eRFP lifecycle management, eliminating multi-system delays and dramatically speeding up hotel commission payments.
One of our customers was faced with processing thousands of eRFPs per year with short lead times requiring a comprehensive solution covering the full life cycle of an eRFP-from creation through selection, contracting, post-event, invoicing, and collections.
Relying on multiple systems created major bottlenecks, manual data entry errors, and extended delays in receiving venue commission payments.
ME SOURCING provided a unified workflow designed from the ground up to handle everything from initial contract generation to automated pick-up reports and commission collection.
Automatically populates standard contract templates using selected eRFP details and venue responses while tracking savings and cost avoidance.
Sends automated pick-up reports and reminders to venues post-meeting, ensuring accurate actualized room night data.
Generates invoices formatted specifically for major hotel chains’ automated accounting systems to streamline processing.
Gives finance and planning teams visibility into revenue pipeline while empowering GSO staff to assist with collection support.
The client dramatically accelerated its payment cycles, increased visibility across finance and planning teams, and eliminated manual data entry errors across the entire eRFP lifecycle.