BestCities Global Alliance, the network of 12 premier international convention bureaus, recently launched a range of client financial benefits, thanks to an innovative new partnership with payment solution company, Meeting Escrow.
A world first for a multi-destination alliance, 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.
The benefits Meetings Escrow has crafted to support BestCities' clients and partners include:
• Foreign currency budget protection: opening a foreign currency trust account to lock in today's exchange rate so clients have zero exposure to future rate increases when their event takes place in their selected BestCities destination
• VAT reclaim process: coordinating claims, paperwork and compliance on behalf of clients to ensure an effortless process and to maintain a single point of contact for the event planner
• Preferred pricing: BestCities' clients that sign on with Meeting Escrow will receive a 50% discount on their annual fees for the first three years, a savings that is exclusive to the Alliance
Paul Vallee, managing director at BestCities Global Alliance, said, "BestCities is always looking for ways to expand our offerings and bring new benefits and solutions to the table for our clients. This important partnership with Meeting Escrow provides tangible benefits to clients by providing solutions to common financial issues that associations face when meeting around the world."
Vallee added that Meeting Escrow is a company that BestCities Global Alliance is pleased to partner with as they "not only provide practical solutions for the marketplace but ensure they give back to the industry".