StarCite has had the unique opportunity of working with a large base of corporate clients, some of whom have been tackling the issues of data consolidation and risk management for more than five years. While companies may differ on how to achieve their goals, there are a set of core best practices that shape their policies and create the foundation of a sound meetings procurement process protecting the company from risk and undue liabilities.

Here is a list of 5 guidelines that companies should keep in mind as they create their spend management program.

• Data Consolidation
• Preferred Vendor Program
• Legal Oversight
• Company-wide Visibility and Coordination
• Approvals Process