The solution features HRS’ Connect platform and will provide corporations with enhanced data transparency and greater control over their meetings programmes. Photo Credit: HRS
Corporate lodging and payment technology platform HRS has launched a new AI-powered service aimed at streamlining the process of managing simple meetings.
The solution features HRS’ Connect platform and will provide corporations with enhanced data transparency and greater control over their meetings programmes, while integrating procurement, instant pricing, virtual payment and VAT reclaim in one end-to-end process.
HRS says the tool helps overcome legacy structures and ‘inadequate’ simple meetings processes. It says that even with recent technological advancements, far too many companies lack a single source of truth when it comes to the policies and practices tied to the sourcing, booking and payment of simple meetings. By not capturing data across categories and segments, companies could be missing opportunities to reduce costs and enhance performance. This lack of centralised oversight could also increase exposure to compliance risks.
HRS says its meetings-as-a-service will eliminate the guesswork for users, regardless of their experience level. By providing new instant-pricing technology, the tool leverages pricing history and preferred supplier agreements, significantly reducing the time it takes to consider rate options and lock in the right combination of meeting space and room nights. Corporations will also benefit from benchmarking capabilities, with a clear view on the average rates, terms and conditions of similar events at comparable hotels.