BestCities Global Alliance, the network of 12 premier international convention bureaus, is launching a range of client financial benefits, thanks to an innovative new partnership with payment solution company, Meeting Escrow. The three-year strategic collaboration will offer BestCities’ clients a new portfolio of secure payment, foreign currency budget protection and VAT reclaim services for business event clients globally. BestCities clients will receive preferred pricing on the fees for their services, that are not offered to clients meeting in other destinations.
Equipping BestCities with a competitive advantage and market differentiation, the partnership aims to address key challenges faced by clients when planning events globally across currencies. These challenges range from varying exchanges rates, which can have a significant impact on client budgets, to mounting administration costs and time involved in VAT reclaim processes.
Paul Vallee, Managing Director at BestCities Global Alliance, said:“Meeting Escrow is a company that we are pleased to partner with as they not only provide practical solutions for the marketplace but ensure they give back to the industry. For example, they support the Incredible Impacts programme we jointly operate with ICCA that recognizes associations with $7,500 grants for long-term legacies.”
Grant Snider, President and CEO at Meeting Escrow, said: “BestCities’ prestigious international profile and values align perfectly with our global focus on financial security, transparency and risk management for Business Events.”