What are the event procurement challenges for property and real estate firms?
In property, hospitality is a core business-development tool. The aim is to make it faster to arrange and easier to govern — not to restrict it.
Common challenges
- Frequent client events, launch events and investor hospitality.
- Agents and BD teams sourcing venues themselves across multiple offices and regions.
- Hospitality policy and budgets that vary by team and deal.
- Client-entertainment spend that is hard to see centrally.
How event procurement helps
One route handles venue sourcing across locations, so fee-earners spend less time arranging events and more time with clients. Sourcing runs within your hospitality policy and budgets, and reporting gives finance and management a consistent view of client-entertainment spend across the firm.