BestCities Global Alliance, a network of 12 international convention bureaus, has launched a range of client financial benefits, in 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 to lock in today’s exchange rate; and VAT reclaim services for business event clients globally.
BestCities’ clients that sign on with Meeting Escrow will also receive a 50 per cent discount on their annual fees for the first three years, a savings that is exclusive to the Alliance.
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 in a statement: “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.”
The Meeting Escrow partnership is the first by BestCities since it announced a new strategic plan and enhancement of the Alliance’s offering earlier this year, ahead of its 20th anniversary in 2020.